Why would commercial lawyer require a knowledge and understanding of economics?

A commercial lawyer requires knowledge and understanding of economics to effectively navigate and advise on legal issues that impact business transactions and corporate strategies. This knowledge allows them to assess the economic implications of contracts, compliance, and regulatory issues, enabling them to identify risks and opportunities for their clients. Additionally, understanding economic principles helps lawyers argue cases persuasively and negotiate terms that align with their clients' financial goals. Ultimately, this expertise enhances their ability to provide comprehensive legal counsel in a competitive business environment.