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Labs contributes to CLI’s Chief Innovation Officers Forum Report

Labs contributes to CLI’s Chief Innovation Officers Forum Report

As member of the Chief Innovation Officers Forum at Australia’s Centre for Legal Innovation, Nextlaw Labs CGO Maya Markovich joined a working group to identify a set of key characteristics and competencies for legal innovation talent. While innovation is still relatively new to the legal sector, new roles in innovation continue to emerge and, as a group of innovation focused experts, it was timely to identify, understand and analyze the Forum’s collective experience about what distinguishes these professionals.

The working group explored emergent legal innovation career paths, what to look for in hiring for these roles, and how candidates can better position themselves for success. The Innovation Professionals Capabilities Survey Report was released in February 2021, providing insights into the evolution and role of senior innovation leaders in legal practice today as well as key indicators of how their capabilities might develop in the future.

Key takeaways include:

  • The role of an innovation professional is multi-faceted although key capabilities are discernible and identified.

  • Key areas of focus combined with innovation in law firms are operations, business development, knowledge management and IT.

  • Industry based and on the job learning is more important than formal qualifications when looking for members to join an innovation team.

Download the full report here to view full survey results and analysis.