For most lawyers and law firms, their business strategy is three words long: “Do good work.” The assumption is that individual effort and intelligence are all that it takes to succeed. If it were ever true, it isn’t anymore. Today there’s a breakdown in trust and an uptick in blame that’s getting in the way of “good work.”
Continue readingIvy Grey
Recent Posts
Innovation is now becoming an annoying buzzword. Even for people inclined to embrace legal innovation, the word is now eliciting groans. And for people afraid of change, innovation is such a loaded word that even thinking about it is overwhelming.
Continue readingThere’s only one certainty: The legal industry is continuing to change. Everything else is uncertain. The question is whether lawyers will adjust enough to remain a valuable and well-compensated part of it.
Continue readingThe legal industry is overrun with counterintuitive and counterproductive expectations about innovation. The demands for radical innovation seem to grow louder every day. The more frustrated we are with the lack of progress, the more extreme we are with our demands. But here’s a simple question: is the purpose of innovation to show our CEOs and clients that we are exploring the latest fashionable technology? Or is the purpose of innovation to increase revenue, value, and client satisfaction?
Continue readingWhat does it take to thrive in today’s knowledge economy? If you read commentary from the legal industry, the answer is clear: innovation. This buzzword is alluring because it’s amorphous, ambiguous, ill-defined, and unmeasured. We can reward ourselves for “doing something,” while doing nothing at all. If we can’t agree on a definition or direction, we can continue talking without taking any action.
Continue readingIt may feel good to encourage spontaneity and creativity, but random acts of innovation don’t work on a large scale. To be successful, innovation must be strategically executed and aligned to business strategies. However, most companies fail to unite innovation and strategic initiatives. PwC surveyed 1,200 executives about managing innovation and found that 54% struggled to connect innovation and business strategy.
Continue readingWhen it comes to efforts to improve legal service delivery, we tend to look outward. We consider how we should re-engineer processes; how we can better staff projects; and what technology we should use. We rarely stop to think about how we should improve ourselves.
Continue readingLawyers are struggling to embrace change and this is impeding innovation. Even for those who want to change, most efforts fail to deliver. How can we put in so much effort for so little gain? Maybe it’s because we’re not identifying the right problems to solve.
Continue readingOur approach to technology and process improvement initiatives is often fueled by hope, driven by shame, and made urgent by fearful hype.
Continue readingDespite the calls to innovate and excitement stemming from conferences, hack-a-thons, think-pieces, and podcasts, law firms aren’t actually innovating. As lawyers, we know that we need to change, but figuring out how and where to start is daunting. Frankly, we’re stuck. And we’re not helped by the hype and assertions that one single idea or one single piece of technology will be the panacea for our problems. The truth is that no one change or decision will be the right fit for every law firm or law department. Instead, what we need is a framework to determine the best direction for our individual circumstances. Workflow analysis can help.
Continue reading