The legal profession is becoming more innovative, according to a recent study (read article here) commissioned by the SRA and LSB, although much more can be done. Professor Richard Moorhead has written an excellent post on the modest examples of innovation highlighted by the study.
What is perhaps most notable is the report’s conclusion that ABSs are driving innovation in legal services, which it puts down to their relative ‘agility’ compared to ‘traditional’ practices. This is certainly in line with our own experience. Most of the ABSs that we deal with are born out of either entrepreneurial vision or frustration with existing practice: gaps in the market, accessing underserved markets, or delivering legal services in a different (better) way.
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