A new court could be established to handle disputes arising from renewable energy and shale gas extraction, the BBC has reported.
Lord Gill said he is determined to avoid the mistakes made when the oil and gas industry was being established.
He said in the 1960s and 70s, the opportunity for Scotland to become an international forum for resolving disputes in the industry was lost.
He told a conference in Glasgow that international litigation is now heard abroad, including in courts in the Texan city of Houston.
He said the Scots legal system should be a driver for economic progress, and that could happen if Scotland became a forum for litigation that retained the cases that currently go elsewhere and also became a forum of choice for cases from abroad.
A feasibility study will be launched into the creation of an Energy and Natural Resources Court.
Although this would be part of the Court of Session, which sits in Edinburgh, the new body could also sit in Aberdeen or Glasgow as necessary.