RSG Consulting have been researching and writing about innovative lawyers for the past seven years. In looking for legal innovation, we have found ourselves charting the rapid evolution of what is an inherently conservative profession. The world has changed significantly since 2006. We have travelled from a boom for major law firms to the biggest recession for 70 years. We have watched the firms innovate in times of plenty to watching them react to the fall from grace of their cash cow clients, the investment banks. Some of the innovations of 2006 are now being un-wound; others are staying the distance and becoming part of normal legal practice.
The annual FT Innovative Lawyers Report, for which RSG has been the architect and main research partner, has given us an unparalleled level of insight into innovation in legal services. Our work in the field of legal innovation seeks to define what is innovative work, the make-up of an innovative lawyer, and how firms can institutionalise and encourage an innovative approach among their partners.