No larger firm can ignore the demands of innovation – that was the clear message from our most recent roundtable, The law firm of the future, sponsored by LexisNexis Enterprise Solutions.
It comes in many forms, predominantly but not just technology, and is not simply a case of automating process. Expertise and process are not mutually exclusive.
Some of the points raised were familiar – the danger of simply putting your best lawyer in charge, the changing career expectations of the next generation of lawyers, and questions over whether the current training regime is fit for the future.
There were also fundamental issues about the conflict between greater efficiency with billing targets and, ultimately, partners’ take-home pay. Can you persuade your partners that doing work quicker and cheaper than before will benefit them in the long run through more clients?
Happily, there is no doubt that the strategies and technologies are out there to help firms compete in this increasingly complex and variegated market. Reading this report will inform your thinking.