There’s a school of thought that says the U.S. is lagging on innovation in the 21st century. The same has been said of law firms dating from at least the last century. Why innovation is difficult for law firms is a combination of factors, such as fear of risk and reliance on the billable hour. How firms get out of that rut is more complex.

Recent surveys suggest firms aren’t perceived as particularly innovative, and, while they are making progress in areas like technology and analytics, they could do more to leverage them. The COVID-19 pandemic also ushered in a wave of new work patterns while arguably making firms more experimental, but some industry observers still see more stasis than inspiration.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]