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Legal Entrepreneurship and the Strategic Virtues of Legal Uncertainty

机译:法律创业与法律不确定性的战略美德

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摘要

The field of law and strategy (LAS) has advanced our understanding of the law's role in competitive advantage. To date, however, LAS has neglected low rule of law environments-countries characterized by expansive degrees of legal uncertainty. LAS should account for these settings, too, since environmental uncertainty is a strategically significant factor for any company. This article situates the strategic relevance of legal uncertainty in the Chinese context and fills an important gap by illustrating how LAS principles apply in low rule of law jurisdictions. Specifically, this article develops the construct of legal entrepreneurship-the notion that attorneys may apply an entrepreneurial mind-set and skill set to position the client favorably and legitimately within the uncertainties of the legal landscape, thereby creating legal competitive advantages for the client. Drawing upon interviews with expert attorneys and executives, this article presents a typology of legal strategies available to U.S. companies in China, uniquely modeling these approaches along the two fundamental dimensions of legal strategy. Additionally, this article identifies two basic types of legal uncertainty in the cross-border context and offers guidelines for the exercise of legal entrepreneurship. Together, these arguments demonstrate that legal entrepreneurship is an empirically viable construct within the LAS project. In low rule of law jurisdictions that have embraced foreign enterprise, legal entrepreneurship will generally optimize the American company's pursuit of both legal value creation and legal risk management.
机译:法律和战略领域(LAS)在竞争优势中提出了对法律作用的理解。然而,迄今为止,LAS忽视了低规则的法治,其特征在于广泛的法律不确定性。 LAS也应考虑这些设置,因为环境不确定性是任何公司的战略性重要因素。本文介绍了法律不确定性在中国背景下的战略相关性,并通过说明LAS原则如何在低法治司法管辖区中申请。具体而言,本文制定了法律创业的构建 - 律师可以将创业思维和技能组成的概念,以便在法律景观的不确定性中达到客户,从而为客户创造法律竞争优势。本文介绍了专家律师和高管的访谈,本文介绍了美国公司在中国的法律策略的类型,沿着法律战略的两个基本维度独特地建立了这些方法。此外,本文识别跨境背景下的两个基本的法律不确定性,并提供法律创业的行使指南。这些论点在一起表明法律企业家精神是LAS项目中的一个经验可行的构建。在拥抱外国企业的低规则司法管辖区,法律企业家普遍将优化美国公司对法律价值创造和法律风险管理的追求。

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