The legal profession – specifically the economics of practicing law, the value of legal services and the way in which legal needs are met or are perceived to be met – is and for the foreseeable future is likely to be in a state of rapid change and uncertainty if not chaos. A small sign of the times appears in a post on the WSJ Law Blog, “Orrick Gives the Boot to Lockstep-Associate Model,” which makes reference to Siobhan Handley, Orrick’s Managing Partner for Innovation. Who would have thunk it, a law firm making the word “innovation” part of its institutional vocabulary?
A case could be made that the most important idea in the practice of law today is innovation. Innovate or ……….