Extract from Dennis Kennedy’s article “Outside Law Firm Panel Convergence – Innovation Driver or Innovation Destroyer?”
Stories abound these days about general counsels wanting their outside law firms to help them with innovation and technology efforts. My own conversations indicate that the real wish goes a step further. General counsel want their outside firms to bring them measurable value with innovation and technology initiatives that align with their legal and, more importantly, business goals. Even a quick scan of a recent survey results from Thompson Hine will have you agreeing with their assessment that there is an “Innovation Gap.” Only 29% of participants said that their outside firms have brought them “significant” innovation.
Is it possible that an increasingly common practice in corporate law departments is a solution to achieving these innovation and technology goals?
