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In these highly competitive times, there is little room for firms
that are content to remain as they've always been. Global
competition, commoditisation, legal outsourcing and pressure from
clients to cut costs have created a sense of urgency within law
firms to better understand their own businesses. This has
implications for the way law firms view and use their resources,
expertise and human capital. A commitment to innovation opens doors
for law firms to better align themselves with client needs and
encourages the development of new tools and service offerings to
assist with on-going business needs. But what does innovation
really mean in a law firm context? In what ways can an undeniably
traditional industry demonstrate innovation? How do individual law
firms show what innovation means to them? Law Firm Innovation:
Insights and Practice not only answers these questions, but
provides an overview of innovation options and practices in a
changing legal marketplace. This guide offers practical advice for
firms that are looking to become more innovative in the way they
work, and it provides first-hand examples of innovation in practice
within the legal industry. This guide will enable you to: Gain
insight into innovation in the legal market from experts and
practitioners from around the world. Review several practical
frameworks, designed to help law firms introduce innovation as a
core business activity. Learn from case studies on some of the most
innovative legal service providers and the ground-breaking
approaches already being taken. You can use these to benchmark your
innovative approaches. Hear from these authors: Richard Hinwood,
Strategy and Governance Director Executive (Withers LLP) John Knox,
Managing Director, Asia (AdventBalance) Mark Gould, Founder (Mark
Gould Consulting) Adam Billing, Partner (Moller PSF Group
Cambridge), Founder (Treehouse) Abigail Hunt, Associate (Moller PSF
Group Cambridge), Senior Associate (Treehouse) Markus Hartung,
Director (Bucerius Center on the Legal Profession, Hamburg) Arne Ga
rtner, Research Assistant (Bucerius Center on the Legal Profession,
Hamburg) Michael Bradley, Managing Partner (Marque Lawyers) Darryl
Cooke, Founder (gunnercooke) Karl Chapman, Chief Executive
(Riverview Law)
Innovation should be at the heart of the strategy of every law
firm. It drives the competitive advantage that a law firms needs
not just to set itself apart from its competition but also to
survive. The purpose of strategy is to understand and cope with
competition. Innovation and creativity are core to that strategy.
Competitive advantage impacts your bottom line. It answers your
clients' key questions of 'Why should I do business with you?'
'What are you offering that no one else does?' Innovation is key to
answering these questions. This book will show you how to reinvent
yourself to create a culture that encourages and spawns innovation
at every level, both on the micro and macro levels. It leads you
through the creation of the infrastructure that is necessary to
encourage creativity and that is unique to law firms as well as
setting out the creative process to produce new thinking. It deals
with leadership, handling change, communication, culture, teamwork
and accountability that will lead to real and necessary innovation.
The author, Darryl Cooke, is co-founder of gunnercooke, one of the
UK's fastest-growing challenger law firms.
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