Can a law school, with the help of alumni attorneys and entrepreneurs, figure out how best to train the next generation of lawyers and improve the profession as a whole?

The University of Pennsylvania Law School is banking that it can. The Philadelphia school has launched what it calls the Future of the Profession Initiative, which aims to pursue innovations not only in how new lawyers are produced, but how law is practiced and who it helps. Unveiled Tuesday, the initiative is debuting with a slate of programs that include an executive education academy for alumni who are five years out of school, a podcast centered on the changing profession, an innovation competition and a symposium in February that will bring leaders from across the profession together to discuss the future of law.