TALKING TECH, Combining Innovation & Technology for Real Change

Setting the Foundation
1. Joseph Schumpeter. He promoted the term “creative destruction”
  1. In his book Capitalism, Socialism, and Democracy,
  2. entrepreneurs and their ability to create a new good or service,
How Does an Existing Organization Avoid Becoming Obsolete?
1. The Legal Nexus of Forces breaks the analysis down into four categories:
  1. 1. Client Sophistication
    1. Client sophistication undoubtedly drives legal technology changes.
  2. 2. Change in Competition
    1. Law firm
  3. Law Firm Innovation
  4. 4. Emerging Technology.
2. Incorporate R&D (Research & Development) group
3. It identifies new competitors and new strategies of existing
Now What?
1. Together, innovation and technology
  1. If we look at the landscape of technology start-ups in the legal industry
2. That innovation and technology coupled together are a powerful market disrupter
3. And for your organization to avoid becoming obsolete, it comes down to a willingness to change, and a commitment to the investment of time and money
Are We a Legacy Industry That Can Transform?
1. Innovation has the ability to change markets and break down boundaries.
2. The economic growth of our industry depends on legal informational professionals
3. Be disciplined in innovation and seek new ways to create new services.

Resource summary

	Created by oscar balanta tovar over 5 years ago