Legal Innovation Spotlight 14 - Legal Innovation in Europe vs. the US with Andrea Miskolczi
In this episode, we delve deep into the truth behind what's hindering law firms from embracing AI technology. From unexpected barriers to unexplored challenges, we unravel the complexities that shape the future of legal innovation with our guest Andrea Miskolczi, a pioneer at the intersection of legal tech. Join us to learn more about the insights that can transform your approach.
In this episode, Andrea shares insights on how to:
Harness the game-changing impact of AI
Maximize the power of knowledge management in law firms
Effectively embrace legal tech innovation
Automate legal document processes with AI
Overcome challenges associated with digital transformation in law firms
Key takeaways:
Law firms encounter hurdles in fostering collaborative innovation as differing incentive structures like the "eat what you kill" model may discourage partners from investing in the firm's progress, exacerbating the "lone wolf mentality" among lawyers, thereby impeding effective knowledge sharing and innovation.
Many law firms engage in what is termed "innovation theater," where initiatives are launched with great fanfare but often lack long-term sustainability or impact, highlighting the need for genuine and practical innovation strategies that deliver tangible results to both lawyers and clients.
Implementing AI assistants in legal practices requires significant training efforts akin to providing detailed instructions to junior lawyers, emphasizing the importance of proactive leadership and guidance in integrating new technologies effectively within the firm.
London is a pioneering hub for legal innovation globally, driven by regulatory changes, visionary leadership, and innovative incentive models.
About the guest, Andrea Miskolczi:
Andrea Miskolczi, Founder of InterAlia Consulting, is a seasoned leader in legal innovation and transformation. With over 25 years of experience spanning roles at prestigious firms like Linklaters and Dentons, Andrea's expertise lies at the intersection of law, technology, and strategy. Her multidisciplinary background enables her to offer comprehensive consultancy services, driving change through innovative strategies and the integration of cutting-edge technologies. Recognized as a finalist for the 'Innovative Lawyers' award by the Financial Times in 2022, Andrea is dedicated to guiding the legal industry towards thriving in the face of evolving challenges.
“Law firms are always looking for something that they can tell a story because they keep saying, like, we are the best, we have the highest quality, we are client-focused, but actually everybody says that.” – Andrea Miskolczi
Connect with Andrea Miskolczi:
LinkedIn: https://www.linkedin.com/in/andreamiskolczi
Connect with Ted Theodoropoulos:
Website: https://getinfodash.com/
LinkedIn: https://www.linkedin.com/in/tedtheo