Category: Legal Innovation Blog

The second day of Sime started in a distinguished way with a presentation of the Nobel Prize and what characteristics the laureates had in common. Tobias Degsell, Curator at the Nobel Museum, pointed out that it was not their innovative ideas as[…]

Sime is a two-day conference about digital opportunities and how to convert these into new business. Here we will try to swiftly summarize our impressions from the first day of exploring the world of digital business and taking part of the[…]

The annual Altman Weil Law Firms in Transition Survey captures how the business of law is changing and how law firms progress on dealing with the rapidly-evolving legal industry. According to the 2015 report gross revenues increased for law firms in 2014,[…]

After an unprecedented global conquest, Uber has had some bumpy rides lately, with protests, complaints with the European Commission and a Californian Labor Commissioner’s decision ruling against Uber’s claim that drivers are independent contractors, not employees. The big question in[…]

A small but growing number of artificial intelligence (AI) solutions are now being trialled into the legal sector. The latest issue of the Partner Magazine by Netlaw Media explains how this development will affect law firms. “For many years it[…]

Technology is often connected with innovation in the legal sector. Now Legal Futures have released a new report – “Innovation Nation” – with the subtitle “How SME Law Firms are changing the way law is practiced” (“The Report”)  that further discuss this.[…]

Documents is at the core of any legal business. Drafting, reviewing and collaborating on documents is a large part of being a lawyer. Revision after revision is made by an expanding circle of reviewers, within the law firm, by the[…]

In a recent interview by Yves Faguy, senior editor of National Magazine, Jordan Furlong presented his view of the state of the legal market in 2014 and where it’s headed in 2015. Jordan Furlong is a lawyer, speaker and industry[…]

If you want to find out which technologies will be shaping the legal business, the Legal IT Landscapes 2015 report by Legal Support Network can serve as a crystal ball. The report is based on a survey with collected responses from UK firms[…]

At the beginning of a new year it is always interesting to tune into the ongoing discussions on legal market developments and listen to all experts summarizing the market changes so far and their predictions for the upcoming year. Some[…]

As the year 2014 is coming to an end, we would like to take the opportunity to share some of the highlights from our fifth year with VQ and to thank everyone that made it all possible. VQ Knowledge and Strategy[…]

Legal Futures Annual Conference had the theme “The Era of the Entrepreneur” this year, with a new approach to the legal market – the entrepreneurial side of lawyers and non-lawyers. The aim of the day was to put to bed the myth[…]

In the fall issue of “International Review” there is a thought-provoking article by Patrick J. McKenna on law firm strategies, providing some new perspective and interesting analysis on how to develop a strategy to outperform rival law firms. In the article the[…]

This month the ninth FT Innovative Lawyers report was presented, with a thorough analysis of the European legal sector. The report provides rankings and trend reports, inter alia evidencing the following distinctive trends: The legal market is recovering from the financial crisis and growth[…]

The Legal Review is a video news platform for the UK legal profession with weekly releases of the Life in Law 1:1 interview series. In one episode, Robert Liddiard asks Alex Hamilton, founder of Radiant Law, about his “Jerry Maguire mission[…]

The International Legal Technology Association (ILTA) recently released the Legal Technology Future Horizons Report, a report that provides insights and practical ideas to inform the development of future business and IT strategies for law firms, law departments and legal technology vendors. The research[…]

Based on her work with a spectrum of clients, Pamela Woldow Esq. has outlined five major changes to the world of legal practice that cannot be ignored. The following key observations are described in the article directed to managing partners in large[…]

“The two primary objectives of all pricing decisions by law firms should be to maximise profitability while at the same time ensuring that the pricing structure leaves the client feeling that they have had fair value for money. And yet[…]

Jordan Furlong, Law21, has authored a new report in collaboration with Lawyers On Demand, “The New World of Legal Work: The Changing Rules of The 21st Century”. The report explores the new world of legal work with a transition to more automation[…]

Yesterday VQ attended a lecture with Harvard Law School Professor David B. Wilkins arranged by the Research Panel for the Globalization of Law on the topic “When Things Fall Apart: Learning from Law Firm Failures”. In the lecture, Professor Wilkins, drew on lessons learned from[…]