As it appeared on High Performance Counsel’s website.
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Providers of legal services – whether it be law firms, legal technology providers, or legal financing partners – need to better understand the businesses of their clients. In house counsel often lament that lawyers aren’t business-minded enough and have a single focus on pursuing a certain legal strategy regardless of the financial or risk implications to the business. The legal industry needs to understand and consider the business goals of any client, whether it be to remove litigation risk from the balance sheet, close a deal to satisfy a business relationship regardless of certain legal challenges, or streamline a process to keep costs down. By sitting in the shoes of the in-house decision maker and thinking more creatively about how the legal industry can help to achieve business goals, clients are more likely to think of legal service providers as true partners.