Articles #legal

The legal department is often viewed as a financial cost center that protects a company from legal risks, but it is not a revenue generating component. However, if the legal department is redefined and strategically reoriented, it can become a revenue center that directly contributes to the financial performance of a company. In this article, I share my vision of how this transformation can be achieved and the steps that the legal department can take to become a pivotal component of a company’s sustainable growth.

Legal mediation is a process in which one or both parties to a dispute initiate the use of a neutral legal mediator, who negotiates between them with the aim of resolving the existing or anticipated dispute in an amicable and effective manner. Mediation aims to repair or terminate the contractual relationship in an agreed manner, ensuring the satisfaction of all parties. The process ends with a written agreement documenting the solutions, which becomes binding upon signing, without the need for long and complex judicial or arbitration procedures.