Not all innovation efforts pay off equally. Which type of development projects to pursue? Which offer most value to your clients and the highest return on investment for the organization?
Reading about the current status of the legal industry does not make one happy. Yet, never before equity partners of large law firms earned as much as they do today. A profession in crises, but what is the problem?
Legal innovation may not be main stream, but it certainly happens, as the yearly issue of the Financial Times Innovative Lawyer attests. The number of law schools that offer entrepreneurship and innovation courses is growing too. So are the number of legal innovation labs, such as the NuLawLab at North Eastern University and ReInvent Law at Michigan State. How about legal breakthrough innovations?