Maya Markovich and Ivy Grey on Creating More Value with the Time You Have

Dentons Nextlaw Labs' Maya Markovich understands that rational lawyers would observe market dynamics and client pressures to weigh the costs and benefits of adapting their behaviors to survive change, stay employed, and make their work more fulfilling. But, people don't always make rational decisions. And, law firm's economic structure incentivizes lower efficiency as a method of obtaining higher revenue.

Wordrake's Ivy Grey thinks that firms need to stop thinking of short-term gains at the expense of necessary long-term changes that will help lawyers create more value with their time. This shift really helps clients with their overall legal needs, not just the immediate need.

Join us as we walk through issues of change management, behavioral science, ethical fading, and legal industry business models and where Markovich and Grey believe the industry is headed in the not too distant future.

Check out Maya and Ivy's three-part blog series:

• Behavioral Economics and Legal Business
• Change Management in Law Firms
• Creating a Culture of Change in Law Firms

Information Inspirations

It's the legal innovation's Oscars time of the year. Many of our friends and colleagues have made the list of this year's Fastcase50 and College of Law Practice Management Fellowships. Congrats to them all!!

Legal Innovators have some habits they need to change. Victoria Hudgins addresses those in her article on CIOs Reveal 4 Mistakes Every Law Firm Innovation Leader Should Avoid.

Speaking of bad habits, Zack Needles discusses the very bad habit of law firms who want to bring in the hot new CINOs (Chief Innovation Officers) to help advance innovation within their firms, but cannot see past the yearly budget, revenues, and profits to let the innovators try things that may fail before they succeed. Needles worries that this will cause a revolving door for CINOs with little chance of being given enough room to actually bring about innovative change in the firms.

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