Knowledge management practice in Nigerian law firms as a tool for sustainable development

Abstract

The recognition and acceptance that knowledge plays a vital role in attaining sustainable development of various business sectors have vastly increased over the years. Various studies have shown that knowledge management practice in knowledge-intensive industries relies on continuous acquisition and development of knowledgeable and skilled professionals to retain their relevance in the ever-evolving business landscape. The development of knowledge management practices in knowledge intensive industries such as law firms is a significant way to attain sustainable development, which strives to yield rewarding results for knowledge intensive industries. While there are copious scientific studies available on various knowledge-intensive industries, there is a pausity of research that analyze how law firms can utilize knowledge management practices as a tool for sustainable development by ensuring that knowledge resources are obtained and utilized in a sustainable fashion while taking into the account of social, ecological, and economical factors. This study aims to analyze the concept of knowledge management by identifying the importance and relevance of knowledge management from different authors, the processes involved in knowledge management practices and knowledge management practice in knowledge intensive industries such as the legal sector can utilize knowledge management to attain sustainable development. The research method adopted for this study is an analysis of scientific literature from various scientists to achieve a profound result.