Why the dynamics driving clients are leading them to insist on greater innovation, and how law firms can respond. Paul Lippe, who first became a Silicon Valley General Counsel in 1992, will explain the differing dynamics affecting clients, why Silicon Valley companies and GCs got there first and how law firms can build on their strengths to re-align with their clients.
Law firms talk proudly about their achievements on the innovation front but what sort of innovation would clients like to see developed further? How do our clients want us to change and how do we ensure that our planning for the future fits what clients want of us in the future? Let’s ask the clients.
Conventional thinking on ‘disruptive innovation’ holds that when it happens, industry leaders are frequently doomed because they cannot evolve quickly enough to compete with emerging competitors. The session will explore how likely this trend is in the legal profession and what law firms need to do to sustain their competitiveness. The panellists, leaders in legal department and law firm innovation from different perspectives, will describe recent examples of successful innovation and provide a roadmap for firms to succeed in a world of accelerating innovation.
This session is divided into two panels that will look at two different sides of the technological ‘coin’.
The first session will examine how lawyers are equipping themselves to advise on the law and regulations which apply to a variety of technological developments, from basic contractual issues in a blockchain concept to how a bitcoin is regulated. The panel will focus on how law firms should be ensuring that their lawyers know the law.
The second session will look at how technology is impacting the way in which law firms are practising law, i.e., how is technology helping (and challenging) the practice of law through technological tools such as Artificial Intelligence. This panel will also look at some of the ethical issues the use of such technology gives rise to.
The needs of ‘millennials’ in the workforce are now well understood and within the next few years the first ‘Generation Zs’ (aka centennials/ post-millennials, born from mid-1990’s onwards) will start entering law firms. Thinking is moving from work-life balance, which everybody wants, to the work-life integration that technology offers in ways that were never possible before. This session will explore what the law firms at the cutting edge are doing to deliver the kinds of career that young practicing lawyers demand and to get the best performance from those lawyers.