The Corporate Lawyer’s New Mandate: Balancing Legal Expertise with Business Acumen

The evolving demands of modern multidisciplinary environments are shaping a new kind of legal professional. These professionals are equally proficient in legal expertise and business acumen, meeting the unique needs of contemporary corporate and legal landscapes. According to a recent discussion, there is a significant shift in what organizations expect from their legal teams, particularly Chief Legal Officers (CLOs). Approximately 63% of CLOs have expressed a desire for their lawyers to develop stronger business skills, complementing their legal knowledge. This evolution has brought about a diverse set of skills that are essential for navigating complex business issues.

For more details on the nuances shaping the expectations from legal professionals today, visit Thomson Reuters.