Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-5cf477f64f-qls9x Total loading time: 0 Render date: 2025-04-01T13:35:00.373Z Has data issue: false hasContentIssue false

5 - Legal Knowledge in Competitive Environments

Value and Transformation Pathways

Published online by Cambridge University Press:  15 March 2025

Robert C. Bird
Robert C. Bird
Affiliation:
University of Connecticut
Get access

Summary

The previous chapter summarized the first three pathways: avoidance, conformance, and prevention. These pathways represent conventional and widely used applications of legal knowledge. This chapter continues the presentation of the five pathways of legal strategy by introducing the remaining two pathways: value and transformation. The value pathway focuses on using legal knowledge as a source of value creation and capture. The transformation pathway perceives legal knowledge as a strategic asset, and uses that knowledge to reshape the market or the organization. These remaining two pathways are distinct because they enable acquisition of a competitive advantage, and in some cases a sustainable competitive advantage, in a fashion that most firms do not generally pursue.

Keywords

sustainable competitive advantagepathways of legal strategyorganizational behaviorvaluetransformation
Type
Chapter
Information
Legal Knowledge in Organizations
A Source of Strategic and Competitive Advantage
 , pp. 86 - 115
Publisher: Cambridge University Press
Print publication year: 2025

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×