Over Summer 2022, the Canadian Legal Innovation Forum (CANLIF) in conjunction with Clarilis surveyed leaders in Canadian law firms on the subject of what is driving law firm innovation, barriers they are facing and the impact of technology.
The survey focused on key innovation challenges, how firms generate innovation projects, what technology they have invested in and the corresponding ROI, and the practice areas that have benefited most from innovation.
Key Takeaways:
- Attracting, developing and retaining talent is the top market challenge for all firms surveyed.
- Legal technology provides the backbone for innovation in law firms but there's still work to be done in terms of ROI.
- People remain the key barrier to successful innovation in law firms.
- Without successfully making the case for innovation initiatives and gaining adoption innovation is challenging.
