Comments on: What Clients Want From Their Lawyers: Business Strategy Advice http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/ Wed, 01 Feb 2012 04:19:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: How Legally Informed Strategy Adds Value To Business Transactions http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/comment-page-1/#comment-1465 How Legally Informed Strategy Adds Value To Business Transactions Thu, 30 Jun 2011 05:15:55 +0000 http://www.dypadvisors.com/blog/?p=509#comment-1465 [...] Informed Strategy.  Legally Informed Strategy goes beyond the structure of the transaction to how the transaction connects with strategy and management objectives.  Legally Informed Strategy ensures that legal moves are integrated with business goals.The [...] [...] Informed Strategy.  Legally Informed Strategy goes beyond the structure of the transaction to how the transaction connects with strategy and management objectives.  Legally Informed Strategy ensures that legal moves are integrated with business goals.The [...]

]]> By: Business Strategy: Why Lawyers Should Understand It http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/comment-page-1/#comment-1442 Business Strategy: Why Lawyers Should Understand It Wed, 08 Dec 2010 18:26:01 +0000 http://www.dypadvisors.com/blog/?p=509#comment-1442 [...] might think that business lawyers are well versed in strategy.  In fact, few lawyers are ever rigorously exposed to approaches to strategy and organizational management.  Strategy is not about knowing one client’s business, one industry, or one vertical.  [...] [...] might think that business lawyers are well versed in strategy.  In fact, few lawyers are ever rigorously exposed to approaches to strategy and organizational management.  Strategy is not about knowing one client’s business, one industry, or one vertical.  [...]

]]> By: Three Questions To Ask Your Lawyer About Business Strategy http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/comment-page-1/#comment-1233 Three Questions To Ask Your Lawyer About Business Strategy Mon, 12 Jul 2010 18:27:52 +0000 http://www.dypadvisors.com/blog/?p=509#comment-1233 [...] Does your lawyer understand your company’s business strategy?  Does your lawyer need to under... [...] [...] Does your lawyer understand your company’s business strategy?  Does your lawyer need to under... [...]

]]> By: Doug Park http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/comment-page-1/#comment-117 Doug Park Sun, 23 Aug 2009 00:26:43 +0000 http://www.dypadvisors.com/blog/?p=509#comment-117 Eileen, thanks for reading and your thoughtful comments. True, clients usually know their business and industry, but they can often benefit from objective advice and guidance. Board members often do not have enough time to carefully study those issues and therefore tend to rely on management's recommendations. For these reasons, among others, clients can greatly benefit from having an attorney who already does or can quickly understand their business. The attorney must have a firm understanding of competitive and industry analysis, organizational management, and the close connection between business strategy and legal strategy. The business lawyer should possess a firm grasp of the client's business and industry, its strategy, and management practices. In an earlier post titled <a href="http://www.dypadvisors.com/blog/2009/06/24/why-business-people-get-frustrated-with-lawyers/" rel="nofollow">Why Business People Get Frustrated With Lawyers</a>, I offer some explanations for the disconnect between business people and lawyers. In my experience, startups often need strategy advice. For instance, I have personally found that many cleantech entrepreneurs come from a technical background and understand that they need good strategy advice. Emerging companies often hire, with the blessing of their investors and boards, strategy advisors of various types. However, strategy advisors lack knowledge about the legal implications of strategic decisions. Business strategy and legal advice results in wasted time and money. An integrated approach to business and law gives clients confidence that your advice is relevant and contextually informed, not just legally competent. This approach therefore provides a way to add value to clients. I will elaborate on these issues in future posts. Eileen, thanks for reading and your thoughtful comments. True, clients usually know their business and industry, but they can often benefit from objective advice and guidance. Board members often do not have enough time to carefully study those issues and therefore tend to rely on management's recommendations.

For these reasons, among others, clients can greatly benefit from having an attorney who already does or can quickly understand their business. The attorney must have a firm understanding of competitive and industry analysis, organizational management, and the close connection between business strategy and legal strategy. The business lawyer should possess a firm grasp of the client's business and industry, its strategy, and management practices. In an earlier post titled Why Business People Get Frustrated With Lawyers, I offer some explanations for the disconnect between business people and lawyers.

In my experience, startups often need strategy advice. For instance, I have personally found that many cleantech entrepreneurs come from a technical background and understand that they need good strategy advice. Emerging companies often hire, with the blessing of their investors and boards, strategy advisors of various types. However, strategy advisors lack knowledge about the legal implications of strategic decisions. Business strategy and legal advice results in wasted time and money. An integrated approach to business and law gives clients confidence that your advice is relevant and contextually informed, not just legally competent. This approach therefore provides a way to add value to clients.

I will elaborate on these issues in future posts.

]]> By: Doug Park http://www.dypadvisors.com/2009/07/16/clients-lawyers-good-business-strategy/comment-page-1/#comment-1327 Doug Park Sun, 23 Aug 2009 00:26:00 +0000 http://www.dypadvisors.com/blog/?p=509#comment-1327 Eileen, thanks for reading and your thoughtful comments. True, clients usually know their business and industry, but they can often benefit from objective advice and guidance. Board members often do not have enough time to carefully study those issues and therefore tend to rely on management's recommendations. For these reasons, among others, clients can greatly benefit from having an attorney who already does or can quickly understand their business. The attorney must have a firm understanding of competitive and industry analysis, organizational management, and the close connection between business strategy and legal strategy. The business lawyer should possess a firm grasp of the client's business and industry, its strategy, and management practices. In an earlier post titled <a href="http://www.dypadvisors.com/blog/2009/06/24/why-business-people-get-frustrated-with-lawyers/" rel="nofollow">Why Business People Get Frustrated With Lawyers</a>, I offer some explanations for the disconnect between business people and lawyers. In my experience, startups often need strategy advice. For instance, I have personally found that many cleantech entrepreneurs come from a technical background and understand that they need good strategy advice. Emerging companies often hire, with the blessing of their investors and boards, strategy advisors of various types. However, strategy advisors lack knowledge about the legal implications of strategic decisions. Business strategy and legal advice results in wasted time and money. An integrated approach to business and law gives clients confidence that your advice is relevant and contextually informed, not just legally competent. This approach therefore provides a way to add value to clients. I will elaborate on these issues in future posts. Eileen, thanks for reading and your thoughtful comments. True, clients usually know their business and industry, but they can often benefit from objective advice and guidance. Board members often do not have enough time to carefully study those issues and therefore tend to rely on management's recommendations.

For these reasons, among others, clients can greatly benefit from having an attorney who already does or can quickly understand their business. The attorney must have a firm understanding of competitive and industry analysis, organizational management, and the close connection between business strategy and legal strategy. The business lawyer should possess a firm grasp of the client's business and industry, its strategy, and management practices. In an earlier post titled Why Business People Get Frustrated With Lawyers, I offer some explanations for the disconnect between business people and lawyers.

In my experience, startups often need strategy advice. For instance, I have personally found that many cleantech entrepreneurs come from a technical background and understand that they need good strategy advice. Emerging companies often hire, with the blessing of their investors and boards, strategy advisors of various types. However, strategy advisors lack knowledge about the legal implications of strategic decisions. Business strategy and legal advice results in wasted time and money. An integrated approach to business and law gives clients confidence that your advice is relevant and contextually informed, not just legally competent. This approach therefore provides a way to add value to clients.

I will elaborate on these issues in future posts.

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