Open Innovation: The Way Forward For The Legal Industry
The Lexology website posted an article in which the legal firm Corrs, Chambers, Westgarth described how it has been able to evolve and refine its delivery of legal services by embracing an open innovation approach to their technological advancements, saying “we strongly believe this strategy is the way forward, not just for us as a firm, but for the legal industry as a whole.” Open innovation means that they regularly partner with third parties to deliver better outcomes than either of them are capable of on their own, and seek to open up their advancements to the wider market. Taking this approach benefits not just their clients, but the legal profession (and at times other sectors) more broadly.
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