A new report from the Thomson Reuters Institute finds that law firms’ level of digital sophistication depends on integration with firm strategy and leadership buy-in Technology purchases have been a part of law firms’ necessities for as long as there have been telephones and fax machines. It’s only recently, however, that firms have begun to ask the question: How well do our digital initiatives correspond to our overall firm strategy? According to new research, increasingly more law firms are beginning to coalesce their digital transformation projects into an overarching strategy that has buy-in from the C-suite level. Overall, law firms feel positively about their digital strategies as well, with most firms viewing themselves as strategic and proactive in formulating and executing that plan. However, the devil is in the details, of course — and many firms remain split among first , how to execute these strategies, but then on who should own the strategy and what its ultimate goal should be. To determine how law firms are approaching the intersection of digital transformation and overall firm strategy, the Thomson Reuters Institute has launched a new Digital Strategy Report . The result of 115 interviews with leaders of law firms […]
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