As part of our long-standing relationship with Stockholm School of Economics, Baker McKenzie will host a group of MBA students working on a business case around digital transformation and its implications for the future business models of law firms.
Digital transformation, particularly the adoption of Machine Learning and Artificial Intelligence, is fundamentally transforming the professional services industry and its business models. The group of MBA students will work on the business case for seven weeks as part of their course in Business Development, this year focusing on digital transformation. The case revolves around the idea of moving away from the billable hour model toward value based pricing and all implications of such a shift in business model.
This initiative is part of Baker McKenzie’s global innovation program Reinvent. Participating from the Firm is an international, multidisciplinary and diverse team led by our Global Service Design team and coordinated through our Stockholm office.
Stockholm School of Economics is one of Europe's leading business schools, founded in 1909.
Reinvent is Baker McKenzie's innovation program. It is the Firm’s ongoing commitment to apply clever solutions to meet clients challenges and strategic goals by accelerating change, and delivering speed, accuracy, flexibility and efficiency gains.
Reinvent brings together Baker McKenzie’s change initiatives in support of better client outcomes. It connects the Firm’s service design, alternative legal services and legal project management teams, the Global e-Discovery and Data Advisory team, the innovation fellowship, legal tech start up program, and more. But it is more than the sum of these parts.
The Firm's innovation strategy includes:
- engaging collective knowledge internally and externally
- improving the way people interact with us as a business
- exploring new business models