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L-R: Andrew Klein, founder and chief executive officer of Reynen Court; Mark Smolik, general counsel and chief compliance officer of DHL Supply Chain Americas; Deborah Read, managing partner at Thompson Hine; Linda Novosel, chief innovation and value officer at Blank Rome, speaking at a Jan. 29 panel at ALM’s Legalweek conference in New York. (Photo: Carmen Natale/ALM)

Corporate legal departments have a critical role to play in advancing innovation in the industry, panelists from the law firm and in-house counsel worlds said Tuesday during a discussion at ALM’s Legalweek conference.

Meanwhile, law firms that adopt new approaches to delivering legal services—whether through technology or through other efforts to increase efficiency and lower costs—can position themselves ahead of their peers, panelists said.

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