CIEL is the world's leading conference on Legal Strategy. The CIEL 2021 biennial conference has been conceived around the theme “Technological innovation in business and the legal system”.
The way in which businesses are structured and developed is changing as a result of technological innovation, and the legal strategy must be leveraged in this new reality. This new scenario implies rethinking how legal and business strategists will have to face those challenges and opportunities.
Renowned experts, academics, practitioners, and thought leaders are invited to discuss how business and the legal system are changing to adapt to the new environment. A multifaceted approach will guide the discussion, focused on these dimensions:
1. Digital economy: Digital innovation is transforming business models, markets and products and driving important changes in the economy and trade. Digital innovation engulfs the personal data market, the sharing economy, the FinTech revolution, RegTech, MedTech, InsurTech and others. How can businesses and startups strategically leverage digital innovation?
2. Global business: In a globalized world, the spectrum of influence and risks that have to be managed by firms are increasingly diverse. Discoveries in behavioral economics related to agency costs, changes in consumption patterns, costs and places of production, market digitization, the tendency to offer services rather than products and to do so internationally, discoveries and changes in governance and the proliferation of the change to sustainable businesses are factors that influence the design of structures. This changing environment poses a challenge to strategists: to design optimal structures to allow companies to achieve their objectives in an uncertain and increasingly interconnected world - a transformation of structures both internally and externally. How can strategists use structural design to capture value in this new reality? How can the internal and external structures of companies adapt to lead the new business reality? Can we leverage corporate governance structures to capture opportunities while maintaining risk control?
3. Legaltech: Both the legal profession and the justice system are in the process of transformation due to technological innovation. The automation of tasks and the mechanization of legal analysis will mean that lawyers lose the legal monopoly of knowledge, will entail a redefinition of the work of legal professionals and will impose the development of new areas of expertise. E-Justice will trigger the automation of decision-making and will facilitate the use of predictive technologies. How will the notion of value added by the legal strategist change his clients? What strategies should lawyers use to avoid being commoditized? How should conflict resolution and management strategies adapt to the circumstances of the justice system and the challenges that the new reality demands?
|1. CONSTANCE BAGLEY||“Winning Legally: The Value of Legal Astuteness”||Professor Bagley's presentation focused on how legally astute managers can work with strategically astute lawyers to enhance realizable value, manage risk, and marshal, deploy, and redeploy resources. As discussed in her chapter in The Oxford Handbook on Dynamic Capabilities (David Teece, ed., 2016), which is posted on her site winninglegally.com, , legal astuteness is a valuable managerial dynamic capability. During the conference, Professor Bagley also presented her systems approach to law, business and strategy and provided multiple examples of how legally astute top management teams can craft the value proposition and the activities in the value chain in a dynamic system that includes the competitive environment (analyzed using Peter's Five Forces), firm resources, public law, and the societal context.|
|2. DANIEL OSTAS||“The Ethics of Legal Strategy”||Professor Ostas' presentation focused on the ethics of corporate legal strategy. His discussion is rooted in the ethical obligation to obey law, empirical evidence on legal obedience, ABA Model Rules of Professional Conduct, and scholarly literature addressing the need for selfrestraint among business actors. Professor Ostas has written widely on these and other related topics. Ostas' vita, including a list of published works, is available at http://www.ou.edu/price/marketing_supplychainmanagement/people/daniel_ostas.html|
|3. DAVID OROZCO||“Corporate Legal Strategy: At the Frontier of Research and Practice”||Orozco, David, 2017. “Corporate Legal Strategy: At the Frontier of Research and Practice.” Presentation Material, First International Conference on Legal Strategy – Instituto OMG.|
|4. CLAUDIA LANDEO||“Law, Economics, and Organization”||Landeo, C.M., 2017. “Law, Economics, and Organization: Recent Developments.” Presentation Material, First International Conference on Legal Strategy – Instituto OMG.|