Using Legal Acumen to Add Value to the Firm: A Multinational Perspective

By Sean Melvin.

Published by Knowledge Management: An International Journal

Format Price
Article: Print $US10.00
Published Online: November 23, 2015 $US5.00

Recent trends in law studies curricula and scholarship have embraced a more managerially-focused 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 a source 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 source 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.

Keywords: Knowledge Management, Legal Acumen, Multinational Firms, Added Value, Competitive Advantage

Knowledge Management: An International Journal, Volume 15, Issue 4, December 2015, pp.15-21. Article: Print (Spiral Bound). Published Online: November 23, 2015 (Article: Electronic (PDF File; 408.056KB)).

Dr. Sean Melvin

Associate Professor of Business Law, Department of Business and Economics, Elizabethtown College, Malvern, PA, USA

Professor Melvin is the author of seven books including a widely used textbook: "The Legal Environment of Business: A Managerial Approach" (McGraw-Hill)now in its second edition. He is the author of dozens of articles and wrote a case study that was recently selected as "Best International Case Study" at the Annual Conference of the Academy of Legal Studies in Business. Melvin's research interests include intellectual property, legal decision-making in a business context, and comparative law. He earned his Juris Doctorate from Rutgers University in 1993, and his B.A. from St. Thomas University in 1987.