Across our society, we are witnessing economic and technological changes at an unprecedented rate. These changes will continue to influence the way we live, work and perceive the world around us. Lawyers are exploring opportunities to innovate in ways that benefit their clients and to reshape the legal services sector. Innovation in the legal sector is quickly becoming a key differentiating factor and a competitive advantage.
So how can lawyers adapt and get ready for a future of technological disruption in the legal industry? According to the Law Society, developing a strategy for innovation should start with a clear understanding and articulation of the law firm’s business objectives. How can a lawyer or a law firm create value for its clients? How to capture a share of the value that innovation might create? How can law firms improve the quality of the services they provide and differentiate themselves from others?
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