Early this week, law.com published a list of seven firms that its editors believe have “moved the needle on innovation in 2017.”
The leading-edge advances highlighted in the article make for interesting reading, and I encourage you to check them out.
- Bryan Cave’s encouragement of associates to propose new technology applications that could benefit law firm business models;
- DLA Piper’s use of data analytics to service and retain clients;
- A new program by Simons & Simons that invites lawyers to pitch innovative ideas they would like to pursue during “billable hour breaks”;
- A deal LA-based litigation boutique Pierce Sergenian has struck with litigation financier Pravati Capital that allows the small firm to take on major litigation cases against far more affluent adversaries.
While acknowledging that “innovation” has become a buzzword in the legal field in the past few years, law.com’s editors rightly point out that seeking new approaches and welcoming new ideas is a key to becoming, and remaining, a successful competitor in the global legal marketplace.
I welcome your thoughts on this or any other matter related to the law, either in the comments section below or directly via email. In the meantime, I wish all of my readers a very happy and successful new year.