Articulating the innovation vision: how leaders harness new ideas within the legal function
In this paper from The A&O Legal Innovation Benchmarking Report, we analyse the building blocks needed for a successful legal innovation strategy.
Highlights from the paper:
- There is a gap between the innovation aspirations expressed by in-house leaders and their adoption of established planning and implementation techniques.
- Only half of the legal functions surveyed (54%) have so far articulated their thinking into a clear innovation strategy around which the legal function can coalesce.
- Even fewer (35%) have a detailed roadmap illustrating the investments in technology and innovation required to execute their strategy.
- Only 37% report having used structured techniques such as design sprints to assess, prototype and get feedback on innovation ideas within their team.
- The most mature legal functions are more likely to have mapped out pain points within their legal function around which to focus their innovation activity.
The A&O Legal Innovation Benchmarking Report explores the realities of innovation and change within in-house legal functions today. The insight in our series was developed through in-depth benchmarking surveys completed by 92 senior leaders of in-house functions immediately prior to the onset of the Covid-19 pandemic.
We have grouped the findings of our research into five short papers, each of which deals with an important aspect of innovation and change. You can download 'Articulating the innovation vision' below. Alternatively, you can download the full report immediately by completing a short registration form.