Legal Evolution: Back To Business

Law360, New York (April 24, 2014, 11:17 AM EDT) -- It’s common to believe that resources are needed to nurture creative thinking to develop new opportunities. It’s the opposite that’s true, however counterintuitive: the limitation of resources spawns creative thinking and uncovers opportunities.

There’s another dynamic that inspires creative thinking. It is when it is out of necessity, as when there is a change in customer behavior or the market shifts. Markets shift all the time because that’s the nature of competition and innovation in business. These dynamics are playing out in the legal profession today: corporate legal spending has tightened, which means there’s less work overall while more of that...

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