Masters in International Business Law: Finance and Behavior | Master's degree | Law | On Campus | 1 year | Vrije Universiteit Amsterdam | Netherlands

Lawyers used to only deal with the law. Advise your client on the rules, if need be litigate and you do a good job. In our changing world, this is no longer true. For lawyers to live up to the expectations of clients and society, they need to have broader skills. Lawyers also have to understand the underlying economic principles of transactions and procedures they are involved in. Behavioral perspectives are key in dynamics such as the governance of a company, mergers and acquisitions and the formation of contracts. Global economic shockwaves have demonstrated that rules alone do not suffice; we need to think about ethics as well. In other words: lawyers will fall short by just knowing the legal rules, even if they know them well.