Welcome to the Law Firm Disrupted, a briefing from Law.com reporter Dan Packel that surveys new competitive pressures on law firms and how their managers are coping, plus insights on the tactics and tech employed by would-be disruptors. Have an opinion? Email me here. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.
I rarely talk about the concept of “frugal innovation” here. One reason is that the strategy of building “low cost” new products or approaches to serving clients often doesn’t seem terribly important for law firms with hundreds of million (or billions) in annual revenue.