Part of thinking may be a result of my background as a "Big Firm Lawyer." I come from a professional world that evolved from generalists a generation ago to specialists and sub-specialists today. As recently as the 1970s, perhaps even the 1980s, if you were in a large law firm, you were a transactional lawyer or a litigator. Back then, a transactional lawyer would handle mergers and acquisitions, securities issuances, corporate governance, real estate, and any other type of transactional legal work. A litigator might be in court on a utility easement dispute one day, and a product liability case the next. Now all of those things are handled by lawyers with very specific specialties. You are no longer a "business lawyer." You might be in asset securitization, or securities, or corporate healthcare. You are no longer "just" a litigator, your specialty might be mass torts, or bankruptcy, or product liability. The world has gotten faster and more complex. In complex transactions, more specialized knowledge is required.