Nippon Steel's success in acquiring US Steel is said to have been supported by a strong legal function. An exclusive interview examines the role played by the legal department in supporting the negotiations.
The series “Aggressive Legal Strategy” focuses on how Nippon Steel's legal department supported negotiations during its acquisition of major US steelmaker US Steel. It highlights the results of the acquisition and the legal team's specific involvement in finalising the contractual terms.
The article also notes the growing trend among Japanese companies of establishing chief legal officer (CLO) and general counsel (GC) positions, pointing to a broader push to strengthen corporate legal organisations. An exclusive interview provides an example of the legal function's involvement in strategic decision-making.
CLOs are also said to be active in the fashion industry, indicating that the importance of legal departments is increasingly recognised across a broad range of industries.