Presently I am taking the Foundations in Entrepreneurial Management course taught by Keri Damen. In class yesterday, we discussed that good ideas usually “come from the collision of smaller ideas”. Rarely do breakthroughs come from eureka moments in bathtubs or from apples falling from a tree. Rather, it is the layering of hunches over time that snowball into something new and innovative.
In law school we are taught to spot issues all of the time. The issue spotting even becomes the central focus of our exams.
Unfortunately, law students are not taught the other part of the equation – converting issues into opportunities. This leaves law students and future lawyers at a distinct disadvantage as the Internet rapidly transforms the legal profession.
In order to effectively adapt, lawyers must develop the skills to convert barriers into opportunities. It is not enough to just cut fees in a race to the bottom. Simply setting up law firms in lower cost jurisdictions like Halifax is an ineffective Band-Aid solution.