8 critical factors that enable U.S. lawyers to innovate
As we kick-start the new year, we are reflecting on our conversations with US-based lawyers from the 2018 North America FT Innovative Lawyers report. We have identified 8 critical factors that enable top lawyers to innovate for their clients, which we explore in the latest edition of our How To? Innovation Strategies for Law Firms report.
Here’s a snap-shot of the 8 factors, identifying those that are essential, important, helpful and emerging:
3 insights from our How To? Innovation Strategies for Law Firms report:
- The US currently lags behind Europe in leveraging technology and non-legal professionals to handle complex matters. We expect this to move up the pecking order of factors over the next two years.
- Effective collaboration based on trust is the dominant factor behind most legal innovation. It is increasingly essential that lawyers can navigate dynamic, multi-spoke working relationships with various touchpoints in the client, several internal teams and a wider variety of other professional disciplines.
- The idea of the Eureka moment is a fallacy in the profession. Great legal ideas, arguments and strategies take time to mature. They require time, often years, of thinking and development.
About RSGi: How To? Innovation Strategies for Law Firms
To find out more about RSG insights into law firm innovation strategies and to purchase the latest edition of the RSGi: How To? Innovation Strategies for Law Firms report, please contact Alexander Muncey (firstname.lastname@example.org) or Yasmin Lambert (Yasmin.email@example.com)