Innovation Insights with Mike Polson from Ashurst
In recent years, the legal profession has had to face many challenges and make constant changes to keep ahead of the game. We had a conversation with Mike Polson who is Ashurst Co-Head of Innovation, about the key challenges in the legal sector and how to make changes happen in a law firm.
In this video interview, Mike Polson highlights the importance of how any change in a law firm should be driven by what their clients want and not just because ‘innovation’ is a buzzword in the legal sector at the moment. However, the biggest challenge is how law firms actually make that change happen. Law firms are risk-averse and quite traditional in how they operate. So the real challenge is how do you embed that change and make people work in different ways.
Lawyers have to win over hearts and minds of individual partners in order to get a buy-in for new ideas and it’s a gradual process. But it’s all possible by simply providing a clear direction from the top leadership and then picking the right people for the right conversations. Everything comes down to building relationships with key stakeholders.
In this interview, we also speak about other key challenges related to the legal profession such as how to reach work/life balance as a lawyer, as well as transparent pricing model and why it’s important for law firms to invest in technology.
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