Credit: Adobe Stock Tradition Won't Carry Big Law Toward a Brighter Future—Innovation Will
Young lawyers aren't interested in stodgy firms, and neither are clients. Law firms can build something better by emulating the tech clients they fight over.
September 15, 2021 at 05:32 PM
6 minute read
Innovation
When asked about innovation and the startup culture at Amazon, Jeff Bezos remarked that moving on to Day 2—Day 1 being the period of innovative spirit that launches a company and Day 2 being what comes next—goes something like this: "Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1."
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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