DLA Piper is pleased to announce it was named one of the top five most innovative law firms in North America by the Financial Times in its Innovative Lawyers 2017 report. The firm was named the winner in the Data, Knowledge and Intelligence category for the development of a predictive analytics model that uses internal data to address revenue loss from existing clients.
The Financial Times noted that competition this year for these prestigious awards was particularly intense with 492 submissions – an increase of more than 170 since 2016.
Additionally, the firm was commended in a number of other categories:
Because of close collaboration, client GlaxoSmithKline was able to pioneer an alternative fees model. Attorney team leadership also oversaw an increase in the gender-diversity of lawyers working with the client.
DLA Piper's client, Integris Software, sought at the outset of its corporate formation to find a way to take immediate action in the event sexual harassment occurred. A clause was crafted in the company's voting agreement that could respond to such an allegation quickly while also avoiding reputational damage and protracted legal action.
New Business and Service Delivery Models
A firmwide initiative was able to improve engagement letter compliance to 100 percent and improve associate and counsel timekeeping compliance by 71 percent. Overseeing changes to firm organization, technologies, policies and processes across the collections department, the initiative significantly bolstered the firm's revenue.
New Products and Services
The expansion of the firm's online platform, Ascendant 2.0, was recognized for improving clients' procurement processes and providing greater efficiency. This is the second recognition by the FT for the Ascendant platform.