Meet the InnovAction Judges: Tom Clay
Tom Clay is a principal of legal management consultancy, Altman Weil, Inc. With over 30 years of experience consulting to the legal profession, he is an acknowledged expert on law firm management principles and is a trusted advisor to law firms throughout the U.S. and Canada. Mr. Clay heads consulting assignments in strategic planning, law firm management and organization, practice group strategy and leadership and law firm mergers and acquisitions. He is the co-author of Altman Weil’s highly-regarded annual industry survey, Law Firms in Transition. Tom can be reached at firstname.lastname@example.org.
Altman Weil, Inc.
Newtown Square, PA
What has been your biggest takeaway as a judge of the InnovAction Awards?
There is a very large community of entrepreneurially minded people/organizations focused on the legal profession and they are innovating far more than law firms, overall. They see an opportunity and are pursuing it rapidly. Now Walmart is even into the game.
How have you seen the nature of innovation in the legal industry change over time?
In two ways. First, law firms, especially large ones have “seen the light” and invested significant capital in innovative pursuits—employing platforms like Watson and other cognitive computing platforms. They are more serious about innovation. Secondly, substitute providers such as LegalZoom have shown that significant money can be made (their buyout of a few hundred million dollars) which attracts more innovators more rapidly.