Law firms to train lawyers in business

Large New York law firm Weil will partner with Columbia Business School to train lawyers on business basics such as accounting, corporate governance and negotiations. Sounds like a smart move to develop more strategically qualified attorneys. As I’ve written about before, very few lawyers understand the language of business and therefore often cannot provide the cutting-edge legal advice clients need to stay ahead of the game or to fundamentally shift gears in a fast-changing world. One subject area Weil may want to stress in their relationship with CBS is strategic management. The concepts of value chain analysis, business models, and dynamic capabilities, e.g. are critical to business and thinking strategically to co-create and capture value for clients.

Story here.

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