For many observers of the legal industry, the seemingly glacial
change of innovation can be astounding. After all, it's not
unreasonable to wonder how the use of data analytics, process
mapping or new technology within a law firm can be considered to be
innovative. But the reality is that lawyers (and law firms) are
often resistant to change. Being trained to identify all potential
risks and being subject to a system that relies so heavily on
precedent doesn't exactly align itself well to change. And of
course, there's the incentive misalignment that will remain
present in the legal profession so long as the billable hour reigns
supreme.
My journey in the legal innovation space began four years ago.
In that time, we've adopted some of the world's leading
products to help provide more efficient legal services without
sacrificing quality. That many of these service providers are based
in Toronto — one of the world's leading legal tech hubs
— is simply a bonus.