In this third episode of our season about disruption and innovation, I talk with start-up gurus Steve Glaveski and Simon Quirk about the Mills Oakley accelerator, our own foray into the next wave of legal technology.
But don’t worry, this isn’t a technical discussion about legal processes! Instead, we focus on the proven strategy of established businesses not engaging in disruptive innovation for themselves, but rather to invest in innovative businesses outside the four walls of their successful, traditional business.
As we have heard in earlier episodes, it can be particularly challenging or even impossible for the owners of established and successful businesses to innovate. This is because it often entails cannibalising or re-thinking the very things that made them successful in the first place!
We set up our own “legal tech” accelerator about a year ago and have certainly reaped the rewards, both in terms of new exciting technology that we now deploy in our business, but also in the sense that we are now known as an innovative and forward-looking law firm.
Is an accelerator something that you should consider for your business? Listen to this episode to find out more!