CMS has told its lawyers that they can now count time spent on “approved innovation projects” towards their billing targets under its new ‘Innovation Hours’ initiative. The scheme aims to encourage and reward fresh ideas that will improve the business and enhance client services. Approved projects must have a clear benefit to the business, be within reasonable time and cost constraints, and be within budget. CMS managing partner Stephen Millar said: “Innovation is built into both the structure and strategy of our firm and we’re committed to setting a new standard in legal innovation,” adding: “A big part of this is encouraging and recognising the effort that everyone puts into making things better. ‘Innovation Hours’ is an investment in this central component of our culture, bringing with it a welcome update on what billed hours targets represent for the firm.”
About The Author
Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
June 7, 2019
October 28, 2019