Book contents
- Legal Knowledge in Organizations
- Legal Knowledge in Organizations
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Foreword
- Preface
- Acknowledgments
- 1 Introduction
- 2 Legal Knowledge in Organizations
- 3 Factors That Influence Legal Knowledge Acquisition
- 4 Legal Knowledge in Competitive Environments
- 5 Legal Knowledge in Competitive Environments
- 6 Applications of Legal Knowledge
- 7 Strategic Legal Risk Management
- 8 Strategic Legal Risk Management
- 9 Leveraging Contractual Knowledge to Create and Preserve Value
- 10 Building an Ethical Culture of Legal Knowledge
- Index
6 - Applications of Legal Knowledge
Case Studies and Optimal Utilization
Published online by Cambridge University Press: 15 March 2025
- Legal Knowledge in Organizations
- Legal Knowledge in Organizations
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Foreword
- Preface
- Acknowledgments
- 1 Introduction
- 2 Legal Knowledge in Organizations
- 3 Factors That Influence Legal Knowledge Acquisition
- 4 Legal Knowledge in Competitive Environments
- 5 Legal Knowledge in Competitive Environments
- 6 Applications of Legal Knowledge
- 7 Strategic Legal Risk Management
- 8 Strategic Legal Risk Management
- 9 Leveraging Contractual Knowledge to Create and Preserve Value
- 10 Building an Ethical Culture of Legal Knowledge
- Index
Summary
This chapter addresses how the pathways of legal strategy can be applied in practice. The first part of this chapter presents three case studies that show how firms can respond to common legal challenges. The mandate to stop sexual harassment, the protection of intellectual property rights, and the prohibitions related to anti-corruption are all used as examples of how each pathway can be applied with varying levels of effectiveness. The second part of the chapter explores how a firm can elevate its implementation of legal knowledge from one pathway to another. This part shows how companies can evolve their legal practices from avoidance to conformance, conformance to prevention, prevention to value, and value to transformation. Although not every legal issue is transformative, understanding how the pathways work in practice can help firms deploy their legal knowledge as effectively as possible.
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- Legal Knowledge in OrganizationsA Source of Strategic and Competitive Advantage, pp. 116 - 152Publisher: Cambridge University PressPrint publication year: 2025