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Can Intrapreneurship Solve the Innovator’s Dilemma? Law Firm Examples
By Bill Henderson on December 2, 2017 in Legal Evolution
If a successful large law firm faced an Innovator’s Dilemma, what would it look like?
On the one hand, the firm has a wonderful set of endowments: (1) longstanding and lucrative relationships with industry-leading clients; (2) a business that requires very little operating capital yet generates significant cash and profits; and (3) an established brand that makes it the safe choice against upstart new entrants. On the other hand, when the traditional service offerings hit a plateau that is likely permanent, the firm struggles to use its superior endowments to reinvent itself in a way that locks in another generation of prosperity. The graphic above depicts the problem... More
(@GTeninbaum) is a professor at Suffolk Law (with additional affiliations at Yale, Harvard, and MIT) focusing on legal innovation, technology, and the changing business of law.
Every day, he digest tons of content on these topics. The goal of Lawtomatic, his newsletter, is to curate the most interesting, valuable, and thought-provoking of these ideas.
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