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Opinion, Editorial, Views, Columnists, Columns | The HinduBusinessLine

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Lawyers matter more than ever for corporates
By Rahul Hingmire · 2026-04-12 · via Opinion, Editorial, Views, Columnists, Columns | The HinduBusinessLine
A good lawyer reads patterns: past disputes, failed ventures, broken supply chains, poor drafting, delayed payments, enforcement gaps and regulatory shocks.

A good lawyer reads patterns: past disputes, failed ventures, broken supply chains, poor drafting, delayed payments, enforcement gaps and regulatory shocks. | Photo Credit: AmnajKhetsamtip

For a long time, businesses treated legal as a support function. Useful, necessary, but rarely central to business strategy. That thinking now looks outdated.

Across sectors such as manufacturing, real estate products, sourcing, export-import, offshore services, oil and gas, commodities, hospitality and entertainment, the commercial mood has changed sharply over the last year.

Trade agreements create openings. They improve access, reduce friction and push businesses to revive delayed plans, reopen conversations and build new cross-border relationships. But before those gains can settle into normal business practice, companies are being forced to deal with a very different reality. War has changed the assumptions behind supply, transport, energy security, insurance, pricing and counterparty performance. Europe has already been told to prepare for prolonged disruption in energy markets linked to the Iran war, with gas prices sharply higher since late February and concern spreading to refined fuels such as diesel and jet fuel.

So, while the trade framework says “expand”, the geopolitical situation says “recheck everything”. That contradiction is why legal strategy can no longer sit at the back end of business. Today, the biggest risks are not only about whether a deal can be signed. They are about whether the deal can survive delivery pressure. Can a supplier still perform? Can a buyer still pay? Can transport still move on time? Can energy costs make the pricing model fail? Can a sanctions issue, a delay, or a blocked shipment turn a profitable contract into a loss-making obligation? These are not technical legal questions. These are boardroom questions.

The AI disruptor

Then comes AI, which is accelerating disruption even further. Companies are cutting jobs and changing leadership as investments and operating models shift towards AI. The real issue is whether management teams understand the legal, commercial and operational consequences of that shift. That is why it is now high time to bring lawyers closer to management.

Not as document reviewers. Not as post-dispute advisers. But as decision-shaping professionals who can assess the past, test the future and quantify risk in commercial terms. A good lawyer does not only read the contract. A good lawyer reads patterns: past disputes, failed ventures, broken supply chains, poor drafting, delayed payments, enforcement gaps and regulatory shocks. From that, management gets something far more useful than abstract caution. It gets risk analysis, risk mitigation and, where possible, risk quantification.

That matters because once risk is quantified, it becomes manageable. The board can ask better questions. What is the likely cost of one month’s delay? What is the exposure from one failed shipment? What is the working-capital impact of a counterparty default? Once these answers are on the table, legal thinking stops being defensive and starts becoming strategic.

The writer is Managing Partner, Vis Legis Law Practice

Published on April 13, 2026