The need to strengthen legal practices as a catalyst for business growth in Africa was underscored at the African Corporate and Government Counsel Forum (ACGC) End-of-Year networking event.
Dayo Adu, Managing Partner of Famsville Solicitors, delivered a keynote address emphasizing partnerships to improve access to justice for businesses across the continent.
Themed ‘Celebrate, Connect, Community,’ the event took place at The Civic Centre in Victoria Island, Lagos State.
Famsville Solicitors, a leading commercial law firm, organized the event, drawing top corporate governance leaders, legal practitioners, and policymakers.
The discussions focused on fostering collaboration to create a business-friendly legal environment in Africa.
Adu identified challenges such as inadequate access to dispute resolution mechanisms and limited understanding of regulatory frameworks as significant barriers for African businesses.
“Access to justice is not just a social imperative, but an economic one. Without it, businesses cannot thrive, and economies cannot grow,” he asserted.
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He also highlighted the role of technology in bridging gaps in legal services, such as using digital tools for contract management and offering virtual legal advice.
The ACGC was recognized as a vital platform for fostering connections among legal and corporate leaders to explore innovative solutions.
Adu stressed that the forum could drive systemic reforms and promote sustainable economic development across Africa.
Participants, including ACGC Co-Founder Nankunda Katangaza and Temitope Sowunmi of Famsville Solicitors, echoed Adu’s call for action.
“By working together, we can break down the barriers that hinder Africa’s economic potential,” Sowunmi noted.
The event concluded with optimism about the future of Africa’s commercial law practices.
Leaders expressed hope that effective partnerships and collaborative efforts would strengthen the legal frameworks needed for sustainable business growth on the continent.
