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Launching lean innovation in your firm

Lean innovation involves constant forward motion along the project runway to take-off, and careful pre-launch analysis. Duncan Hart looks at what firms need to consider when looking to implement innovation-driven change.

22 March 2016

Today's law firms need every advantage they can muster to remain competitive and distinguish themselves in an increasingly crowded market.

Typical strategies that have worked well in the past have included increased leverage, seeking economies of scale, globalising or, more recently, localising, outsourcing and cutting costs to the bone to preserve profitability.

Although each of those strategies may well have a continuing role in many environments, firms are looking to more innovative solutions to build the competitive muscle they require. While 'innovation' is commonly used to embrace a wide range of activities, the term 'lean innovation' identifies key processes and skills which contribute to building and delivering innovation. It owes much to the observations and learnings emerging from the innovation and 'start-up' culture of Silicon Valley. The princ...

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