From one perspective, the law – at the very bottom of it all – has one purpose, and one purpose only: To coordinate human behavior, where societies have become large and complex enough that spontaneous cooperation within the relevant group of humans is no longer sufficient for an acceptable outcome.
As lawyers we are using the tool of law (in the form of contracts, corporate structures, implementation of regulations, tax set-ups etc.) to shape specific aspects of human behavior and achieve results in the real world.
If that is true, as business lawyers we need to know, understand and care (!) as much as we can about the world outside the legal sphere. Business. Economics. Psychology. International relations. That is where the impact of our work actually occurs. That is what actually counts. One could argue that to our clients nothing else does.
The law is a means, not an end.
It helps to be very clear about the game one is actually playing.
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All the best,
Malte