13. Five Reasons Law Firms Don't Innovate

NewLaw Academy

English - September 05, 2021 21:00 - 14 minutes - 13.4 MB
Management Business futurelaw futurelawacademy law lawfirminnovation legalinnovation legalservices legaltech newlaw Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 12. Is It Time for Lawyers to Embrace Third Spaces?

Next Episode: 14. LegalTech Funding Soars But Law Firms Aren't Investing

We recently surveyed legal innovation thought leaders, and discovered the top reasons preventing law firms - traditional laggards when it comes to change and technology adoption - from innovating.

Time and budget constraints, skill deficiencies, and risk aversion were seen as the key drivers.

As Penelope Barr of Allens Linklaters LegalTech Lab put it, “Time, coupled with no compelling need to change, continue as core barriers to real innovation breakthrough”.

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