The legal industry is facing never before seen challenges. Through these four innovations, we can beat competition and get ahead of the game. The legal industry has unlimited potential when we follow these innovative steps…
The interplay between FMLA and ADA has always caused some confusion and frustration for employers. One of the most frequently asked questions by employers today is – what happens when my employee is unable to return to work after taking time off for a serious health condition under the FMLA?
LegalSifter and Nimble Services LLC are proud to announce a strategic partnership that combines LegalSifter’s artificial intelligence (AI) with Nimble Services’ legal expertise to radically streamline the contract review process.
Last month, Axiom, an alternative legal service provider, filed a draft registration statement with the SEC to hold an initial public offering of shares of stock. This is a big deal in the legal industry. Law firms are not able to be publicly traded in the U.S. as ethical rules prohibit ownership of a law firm by non-lawyers. This limits the ability of law firms to raise capital. The ability of an alternative legal service provider to raise capital by selling its shares of stock on stock exchange is a real competitive advantage.
Innovation in the legal industry isn’t limited to just technology. It takes many forms. A recent post by Roy Strom in the American Lawyer titled “Are Lawyers Ready to be Managed by Metrics?” and our April 3rd Nimble Legal Innovation Forum in Cleveland got me thinking about all the different ways innovation is taking hold in the legal industry. There will always be detractors because as Roy Strom wrote the “Legal Industry is painfully slow to adopt major changes, and lawyers often say work can’t be easily categorized or simplified.” The reality is major change is happening right in front of us and if you’re not paying attention you’ll get passed by. Here are 5 forms of Legal Innovation: