Using legal acumen to add value to the firm: A multinational perspective

Sean P. Melvin, Elizabethtown College


Recent trends in law studies curricula and scholarship have embraced a more managerial-yfocused approach to legal decision-making in a business context. Both management and legal scholars have postulated that legal knowledge should be bridged with managerial knowledge in order to add value to the firm as aurce of sustainable competitive advantage. This advantage is particularly acute for multinational firms because they face multiple legal systems and doctrines. This paper examines the existing literature on legal acumen as added value to the firm and sourc e of competitive advantage, builds on its models by adding a multinational perspective, explores the intersections between international law and management, and articulates a legal knowledge management regime for multinational corporations.