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The Impact of Globalization on Corporate Legal Management Practices

Author

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  • Zhai, Quanquan

Abstract

This paper explores the significant impact of globalization on corporate legal management practices. As businesses expand their operations internationally, they face complex legal frameworks, compliance requirements, and cultural differences. This study emphasizes the need for legal departments to align their strategies with overall business objectives, foster collaboration and communication both internally and with external partners and invest in continuous education and training for legal professionals. By adopting these strategies, legal teams can transition from reactive functions to proactive strategic partners, enhancing compliance, risk management, and overall business success. Ultimately, the ability to navigate the challenges of globalization will determine the effectiveness of corporate legal management in the future.

Suggested Citation

  • Zhai, Quanquan, 2024. "The Impact of Globalization on Corporate Legal Management Practices," Strategic Management Insights, Scientific Open Access Publishing, vol. 1(8), pages 50-61.
    • Handle: RePEc:axf:smiaaa:v:1:y:2024:i:8:p:50-61
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