The Legal Businesses Innovating What They Do

Innovation is vital to a business’ success. And, in the legal industry, this innovation can be the difference between growing your client list and losing out. The Financial Times recently published a list of businesses finding new successful new ways to get clients. Below are some of the best examples:

1. Corrs Chambers Westgarth have created a digital tool that automates several processes, including reporting, review and compliance. By doing so, this has increased the efficiency of the business, reducing costs and allows the company to make sure everyone is aligned with all their processes and policies.
2. Ashurt are a pro-bono practice that is at the forefront of sustainable, responsible legal advice across several Pacific Island groups. They have a particular focus on supporting charities helping to protect women against violence with legal advice, collaborating with those who are looking at green energy in the region and those adapting to climate change.
3. Atsumi & Sakai have set up a policy institute bringing together not just lawyers, but government officials, policymakers, businesses and academics to help shape national debate in Japan. They have recent focused on keeping pace with the digitisation of business and has recently advised telecoms operator KDDI on how to prevent network outages, after a huge mobile phone blackout across Japan in 2022.
4. Gilbert + Tobin have set up a panel of a dozen young partners, called the ‘Future Board’ panel. They work alongside the main board on its long-term strategy and planning and have set out to adopt an ‘agile governance’ approach, allowing for flexible decision-making.
5. WongPartnership are responding to a drop in top students pursuing legal careers in Singapore by creating a programme called Learning Journeys, which is designed to attract new talent. This includes a programme of content covering career paths, and training sessions on developing business skills, mental wellbeing, and even A.I.
6. Herbert Smith Freehills have set up a dedicated team designed to make better use of technology and how it delivers legal services. This team will identify certain areas the business needs to focus on, depending on the clients’ needs. Some of these have included expanding the role of technology and data, a hub to improve due diligence efficiency, and a digital academy for training.

These are just some examples of businesses finding new ways to deliver vital services in a new and ever-evolving marketplace. No matter what you do, so long as you are innovating your processes, and trying to build upon what you are currently doing, you will be in a much stronger position than your competition, which is exactly what you, and your clients, need.

Further Reading:
If you want to read the full Financial Times article, I have linked it in here: https://www.ft.com/content/b16...