This session will provide a deep dive into the process of creating a legal innovation lab, from initial concept to full-scale implementation. Attendees will learn how innovation labs function as hubs for legal technology experimentation, process reengineering, and continuous improvement. The discussion will highlight how to foster a mindset of innovation within legal teams and ensure that new ideas translate into competitive advantages, whether through increased operational efficiency or enhanced client services. Participants will explore the critical components needed to launch and sustain a legal innovation lab, along with the common challenges faced and how to overcome them. Discussion topics include: 

• Methods for fostering a culture of experimentation, from creating a fail-safe environment to encouraging cross-functional collaboration within legal teams
• Which emerging legal technologies—such as AI and blockchain—are best suited for experimentation within a legal innovation lab
• Frequent barriers to establishing innovation labs, including budget constraints, change resistance, and technological adoption, and strategies to overcome them
• Key performance indicators (KPIs) and metrics used to track the impact of legal innovation labs, ensuring measurable improvements in productivity, client satisfaction, and competitive positioning