Here's why it's a mistake for lawyers to specialize too much, and what they should do instead, according to the attorney who runs the pharma company Merck.
Other young lawyers aren't getting that same education because of an emphasis on"hyper-specialization" in law today, Frazier said during aFrazier said he's worried that's influenced how people see the field and contributed to a reduced role for legal professionals.
"It's horrifying to me that my businessman colleagues think they should get advice from McKinsey. Or worse yet, Goldman Sachs," Frazier said."And I think one of the reasons is people perceive lawyers as being incredibly narrow."Frazier's concern is grounded in his early experiences at Merck. But in his first year on the job, Merck's then-CEO urged him to leave the department. Instead, Frazier was advised to try out other parts of the business.
"My spouse used to say, 'Don't say you're ignorant, say you're unencumbered by orthodoxy'," he told the audience at the New York City Bar, to laughter. But as a result,"I think I'm now in a position to be the integrator inside the company."Today, he recognizes that what that CEO did was a"great favor."
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