In a Moment of Change, Savvy Firms Are Finding Ways to Innovate

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This year has delivered huge changes to the way our world lives and works. But, will American law firms be ready to recognize and use what is going on in our world as an opportunity to create real change? In her book “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen,” business professor Rita McGrath defines an inflection point as a moment that ““upends the basic assumptions that a business model is built on.”

Law firms are certainly responding to new economic conditions, however, one would be hard-pressed to make a serious argument that many have reached anything close to an inflection point. 

The business model of big law firms remains intact. Aside from some slight belt-tightening, most law firms appear to be advancing the status quo ante. 

This moment is unlike others our world has experienced and offers us a rare chance to think anew about what works and how law firms can innovate to prepare for the arrival of a true inflection point in the near future.

Are you interested in learning more about how in this moment of change, savvy law firms are finding new ways to innovate? Read more in this law.com article

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: vostrander@alm.com
ALM Media Properties LLC







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