Finding the spark

Where could the next innovative idea for your business come from?

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ISSUE IN BRIEF

It’s been quite a year. Ups and downs aside, this has been a year when law firms have gotten to know themselves better – how they respond under all kinds of pressure, and what they’re truly going to look like in a post-pandemic world. 

Perhaps now is the time to revisit some of the disruptive forces that were at play before the pandemic – a range of alternative, tech-focused business models that threatened to reinvent the world of legal services (p4). Irrespective of the immediacy of these threats, alternatives to traditional law firm structures are growing in sophistication, and there is much to learn from their agile approach to legal services delivery. 

A little creativity can go a long way – whether new ideas are coming from within the business (p3) or outside (p9), it’s worth looking at how your firm can reinvent itself for the future. Learn to manage change (p3), cut repetition (p8), measure your performance (p13) and build healthy partnerships (p8). 

In a special interview for this edition, I speak to Simon Farthing of LexisNexis Enterprise Solutions about how to keep lawyers at the heart of all evolution in the business (p11). 

A big thank you to everyone who has been involved with LPM in various capacities this year, and to all who consume all our wonderful content. Have a lovely festive season, and I’ll see you in 2023! 

Dye & Durham

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