The Value Add of Legal Departments in Disputes: Making a Business Case Rather Than Providing Pure Legal Advise
Ulrich Hagel ()
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Ulrich Hagel: KonsensKanzlei Berlin
A chapter in Liquid Legal, 2017, pp 237-273 from Springer
Abstract:
Abstract Legal Departments are usually involved when it comes to Business-to-Business (B2B) disputes. They provide legal opinions on the subject matter at hand, consult on the available dispute resolution mechanisms and are the interfaces to the external law firms. However, disputes are usually not the companies’ core business, and thus the commercial aspects of solving disputes are predominant for the company. The following article describes how disputes can be looked at commercially and how they can be run as a Business Case. The article also describes the role and responsibility of the Legal Department in such a Business Case, and several Tools that assist the Legal Department in increasing their contribution to efficient and effective dispute resolution.
Keywords: Business disputes; Cost calculator; Decision tree; Dispute resolution; Risk analysis (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-45868-7_16
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DOI: 10.1007/978-3-319-45868-7_16
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