{"id":18828,"date":"2022-01-10T23:35:07","date_gmt":"2022-01-10T23:35:07","guid":{"rendered":"https:\/\/www.mcguirewoods.com\/news\/\/2022\/1\/business-of-law-innovation\/"},"modified":"2024-10-25T15:18:48","modified_gmt":"2024-10-25T20:18:48","slug":"business-of-law-innovation","status":"publish","type":"news","link":"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/","title":{"rendered":"Business of Law Innovation"},"content":{"rendered":"

McGuireWoods ranked among the top 10 firms in the business of law and earned recognition for novel digital and data analytics initiatives in Financial Times<\/em>\u2019 2021 North America Innovative Lawyers report. Since 2016, McGuireWoods has consistently placed among the top firms in the prestigious FT<\/em> report.<\/p>

FT<\/em>\u2019s 2021 report highlights firms and in-house teams that \u201care digitally advanced and using innovative approaches to deliver exceptional value to business and society,\u201d as well as leaders and individuals bringing innovation to the practice of law.<\/p>

McGuireWoods made FT<\/em>\u2019s shortlist for Innovation in Digital Legal Practice for designing a one-of-a-kind software platform to automate responses to audit request letters. Partner Stephen Busch<\/a> and attorney Dennis Sisk<\/a> led the team that created the platform, which obtains information quickly from attorneys to provide timely, accurate responses to such letters.<\/p>

The firm also made FT<\/em>\u2019s shortlist for Innovation in Data Analytics for developing a dashboard to manage large, complex litigation portfolios under fixed-fee arrangements. Led by partners Robert Muckenfuss<\/a> and John Huske Anderson Jr.<\/a>, the dashboard tracks thousands of cases across all timekeepers \u2014 information that can be sorted and filtered to set monthly hour budgets effectively.<\/p>

Both initiatives were products of effective collaboration between lawyers and the firm\u2019s in-house technology professionals.<\/p>

The firm also was recognized in the FT<\/em> report for its custom deal-pricing matrix, which tracks deal points for each transaction completed by McGuireWoods, leading to greater fee predictability for clients and improved staffing efficiency for the firm.<\/p>

\u201cWe recognize the importance of leveraging technology and analytics to solve our clients\u2019 problems, and our success is the result of creative thinking and collaboration by dedicated lawyers and professional staff,\u201d says McGuireWoods chairman Jonathan Harmon<\/a>. \u201cWe are proud of their work and honored that Financial Times<\/em> once again recognized our commitment to innovation.\u201d<\/p>

To compile the North America Innovative Lawyers report, FT<\/em> and research partner RSGi evaluated submissions from law firms, legal services providers and in-house legal teams and conducted hundreds of interviews with clients, lawyers, executives and experts.<\/p>","protected":false},"excerpt":{"rendered":"

McGuireWoods ranked among the top 10 firms in the business of law and earned recognition for novel digital and data analytics initiatives in Financial Times\u2019 2021 North America Innovative Lawyers report….<\/p>\n","protected":false},"author":0,"featured_media":0,"template":"","tags":[],"industry_tax":[],"international_tax":[],"location_tax":[],"media_role":[22],"news_type":[3266],"people_tax":[1216,2116],"practice_tax":[103,108,177],"site_tax":[2],"class_list":["post-18828","news","type-news","status-publish","hentry","news_type-features","practice_tax-business-litigation","practice_tax-financial-services-litigation","practice_tax-product-liability-mass-tort"],"acf":[],"links_out":[{"id":702,"title":"K. Dennis Sisk","url":"https:\/\/www.mcguirewoods.com\/people\/s\/k-dennis-sisk\/","published":"2018-07-22 07:10:11","blog_id":2},{"id":1297,"title":"Robert A. Muckenfuss","url":"https:\/\/www.mcguirewoods.com\/people\/m\/robert-a-muckenfuss\/","published":"2018-07-22 06:59:25","blog_id":2},{"id":491,"title":"Jonathan P. Harmon","url":"https:\/\/www.mcguirewoods.com\/people\/h\/jonathan-p-harmon\/","published":"2018-07-22 06:47:31","blog_id":2}],"links_in":[],"yoast_head":"\nBusiness of Law Innovation - McGuireWoods<\/title>\n<meta name=\"description\" content=\"Business of Law Innovation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business of Law Innovation - McGuireWoods\" \/>\n<meta property=\"og:description\" content=\"Business of Law Innovation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\" \/>\n<meta property=\"og:site_name\" content=\"McGuireWoods\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mcguirewoods\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-25T20:18:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mcguirewoods.com\/wp-content\/uploads\/sites\/2\/2024\/06\/MW-social-media-icon.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@McGuireWoodsLLP\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Business of Law Innovation\",\"datePublished\":\"2022-01-10T23:35:07+00:00\",\"dateModified\":\"2024-10-25T20:18:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\"},\"wordCount\":356,\"publisher\":{\"@id\":\"https:\/\/www.mcguirewoods.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\",\"url\":\"https:\/\/www.mcguirewoods.com\/news\/features\/2022\/1\/business-of-law-innovation\/\",\"name\":\"Business of Law Innovation - 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