What business-oriented mindset is crucial for success beyond just knowing black-letter law in corporate practice?
Answer
Understanding the commercial drivers behind the legal work being performed.
Success requires a business-oriented mindset where attorneys understand commercial factors, like profit margins, that underpin the legal work, rather than just ensuring technical legal correctness.
Related Questions
What is the primary focus of corporate practice compared to other legal fields?Into which two major functional camps does the core mission of corporate attorneys often split?What is the central theme of focus for transactional attorneys?What activity is crucial when a company seeks to acquire another entity during M&A?What responsibility falls under the domain of corporate governance counsel?Which aspect characterizes regulatory compliance counsel's outward focus?What best describes the role of the General Counsel (GC)?How does the client relationship differ for Law Firm attorneys compared to In-House Counsel?What business-oriented mindset is crucial for success beyond just knowing black-letter law in corporate practice?Which types of corporate roles generally offer a more reliable baseline of work during economic downturns?What skill differentiates a truly valued corporate advisor from a good corporate lawyer?What is often required of a single "Corporate Counsel" in smaller or mid-sized companies?