Over the course of 2022, the principals of LexFusion conferred with 435 law departments and 250 law firms. Why? Simply put, because that is what the company does. It is a go-to-market company that defines its purpose as “to grease the gears of commerce and rapidly increase the adoption of legal innovation.” On behalf of a group of curated legal innovation companies, it works with legal departments and law firms to help them understand how innovative products can benefit them.
As a result of those conversations, they came out of 2022 with a unique perspective on the legal market. In a recent post at the Legal Evolution blog, they discussed their take-aways from those conversations and shared some of what they have been telling law departments and lawyers.
“We executed NDAs with multiple law departments and law firms so we could dig beneath surface-level discussions of practical innovation into the painful realities of budgets and politics,” they wrote. “We uncovered far more chronic pain than even we anticipated.”
What was the source of that chronic pain and what advice did LexFusion offer? In this episode of LawNext, two of the cofounders of LexFusion, Joseph Borstein, CEO, and Casey Flaherty, chief strategy officer, join host Bob Ambrogi to discuss the year that just ended and what it portends for the year ahead.
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