Encouraging engagement is the biggest challenge for those law firms that are looking to tie digital transformation initiatives to their overall strategy. But those that achieve buy-in also say it’s their biggest win — with an impact beyond just technology For many law firms, tying digital transformation initiatives to overall firm strategy is a relatively new concept. In fact, just 54% of law firms surveyed had a digital transformation strategy at the C-suite level, and of those with a strategy, 70% had only adopted it within the past five years, according to a recent survey from the Thomson Reuters Institute. And yet, law firms still have positive feelings about how their digital transformation initiatives are coalescing with overall firm strategy. More than 80% of survey respondents called digital transformation highly important or central to firm strategy, while more than 75% of those with a digital strategy rated the strategy’s success as a 7-out-of-10 or above. So how are law firms squaring their digital strategy optimism with the nascent nature of said strategy? Is their happiness around digital strategy initiatives unfounded? Not necessarily. Although the paths to digital strategy success vary between firms, the survey revealed a commonality among respondents: […]
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