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Novel ideas were immediately suspect. Innovation was, in short, a dirty word...Either way, many managing partners and GCs are now looking for practical innovation that they can implement immediately
Lately, I have been thinking a lot about innovation – I suspect most readers of this blog have too. But what is “innovation” in the legal industry? I think of innovation as being dramatic and disruptive – processes that significantly change the way we deliver legal services
As legal IT specialists, we have empowered our clients to innovate their practice through these 3 proven methods.
We have an amazing opportunity right now during the COVID-19 outbreak to make great strides in the development of innovation and the use of technology
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(Chicago, IL) August 10, 2021 – The International Legal Technology Association (ILTA) is pleased to announce the Legal Innovation Hub. The ILTA Legal Innovation Hub was created to meet the changing needs of the ILTA membership and the legal community at large. The ILTA Legal Innovation Hub is poised to introduce key buyers of legal services with the providers, the talent, and the investor community. The Hub will be launched in three phases, 1) The Investment Hub ; 2) Talent Marketplace; and later, 3) an Innovation Marketplace
I was recently talking with Professor Dan Linna at Northwestern about his very provocative Legal Services Innovation Index . It is a “pilot project to create an index of legal-service delivery innovation” using “indicators of innovation on  law firm websites” (pulled using Google Advanced Search against those firms’ websites organised into categories and jurisdictions). It consists of both a catalogue of innovative offerings and an “Index” of innovation. It made me wonder if this Index for firms matched two other possible indicators of innovation in the legal services / law practices industries across eight key jurisdictions (United States, United Kingdom, China, Germany, Netherlands, Australia, Brazil, and Canada): Number of people doing innovation: using LinkedIn’s job title search (click here ), there are 765 people (1,115 worldwide) who have “innovation” in their title (in those industries) Number of companies doing legal tech: there are 586 of those – based on Eric Chin ‘s excellent research using data from Stanford Law’s CodeX Techindex (read his post “ Exploring the global LegalTech ecosystem “) Warnings First, some apples-to-oranges caveats: The time series don’t line up (the Innovation Index was done last year; Chin’s numbers are from February 2018; and my LinkedIn search was done just now) The Innovation Index includes things like AFAs as an “innovation” (which may not map well to whether firms have an “Innovation” person or not) LinkedIn’s “Law Practice” and “Legal Services” industries include people who are not with law firms; and, obviously, some people are almost certainly doing some innovation (maybe even a lot) without having it in their LinkedIn job title Firms might have innovation people located in other jurisdictions (e.g
Part two of a series about practical and novel innovations for law firms and legal departments
We were also curious to see who supports innovative solutions, and found that firms rely on several types of support systems: from knowledge management and innovation departments to internal IT departments that build custom solutions. Some firms have dedicated innovation and technology solution committees charged with promoting the adoption of solutions
NetDocuments will be hosting its Inspire virtual conference November 2-4th. Complementary registration is open to all legal professionals thru October 27th.
She mentioned this meeting of the minds, law firms and corporate legal counsel, will also occur at the CLOC (Corporate Legal Operations Consortium) institute two weeks prior to the Legal Innovation & Tech Fest
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