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2020 | OriginalPaper | Buchkapitel

Navigating the Future of In-House Legal

verfasst von : Andreas Lenk

Erschienen in: Liquid Legal

Verlag: Springer International Publishing

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Abstract

Innovation is omnipresent and innovation does not stop with the legal department. Sometimes, innovation even starts with the legal department. But how to successfully transform an idea into real innovation? How to put innovation into practice and make a real business impact? In the Boehringer Ingelheim global legal function, we launched our own innovation team—the Legal Incubator. The Legal Incubator is a legal innovation think tank, brought to life in order to shape the legal department for the future by bringing innovative ideas to life and to foster an innovative mindset. This article takes you on a journey to the legal department of the future. It is a story of innovators. It is a story of a desire to challenge the status quo. And it is a real-life example of how innovation can be brought to life in the legal department of a global pharmaceutical company.

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Vorheriges Kapitel Products and Platform as Next Challenges to Legal Service Providers: How Trusted Relationships May Help

Nächstes Kapitel Is the Common Legal Platform a Wicked Problem?

Schumpeter (1947), p. 149 ff. (151).

Family-owned since it was established in 1885, Boehringer Ingelheim is one of the pharmaceutical industry’s top 20 companies. More than 51,000 employees create value through innovation daily for the three business areas human pharmaceuticals, animal health and biopharmaceuticals. In 2019, Boehringer Ingelheim achieved net sales of 19 billion euros. R&D expenditures of almost 3.5 billion euros, corresponded to 18.2% of net sales. For more information see https://annualreport.boehringeringelheim.com/fileadmin/PDF/EN/BI_Magazin_2019_en.pdf.

Thomson Reuters, ‘Alternative Legal Service Providers 2019 – Fast Growth, Expanding Use and Increasing Opportunity’, available at https://legal.thomsonreuters.com/content/dam/ewp-m/documents/legal/en/pdf/reports/alsp-report-final.pdf.

Suryavanshi (2014), p. 61 et seq.

For example, the features for the Apple Watch Series 4 of monitoring the heart via an electrocardiogram (EKG), and the ability to detect and notify the user of an irregular heart rhythm, both of which received clearance from the US Food and Drug Administration (FDA).

For more information see ‘Embracing Healthcare 4.0 - Digitalizing Healthcare as a Key Enabler for High Value Care’, available at https://static.healthcare.siemens.com/siemens_hwem-hwem_ssxa_websites-context-root/wcm/idc/groups/public/@global/documents/download/mda5/mtmz/~edisp/siemens_healthineers_paper_embracing_healthcare_4-0-06533719.pdf; see also ‘The Power of Digitalizing Healthcare’, Harvard Business Review Whitepaper 2017, available at https://hbr.org/resources/pdfs/comm/siemens/Siemens_Healthineers%2012.6.17.pdf.

http://annualreport.boehringer-ingelheim.com/fileadmin/Download-Center/BI_AR2018_Magazin_EN.pdf.

https://www.bix-digital.com/.

https://annualreport.boehringer-ingelheim.com/home/upgrade-for-a-classic/.

https://www.boehringer-ingelheim.com/press-release/speechrecognitioncandetectwarningsignals.

http://annualreport.boehringer-ingelheim.com/fileadmin/Download-Center/BI_AR2018_Magazin_EN.pdf.

“If you want to build a ship, don’t drum up the men to gather wood, divide the work, and give orders. Instead, teach them to yearn for the vast and endless sea”, Antoine de Saint-Exupéry.

Forbes Insights, “Global Diversity and Inclusion – Fostering Innovation Through a Diverse Workforce”, available at https://images.forbes.com/forbesinsights/StudyPDFs/Innovation_Through_Diversity.pdf; Hewlett et al. (2013).

Schumpeter (1947), p. 149 ff. (151).

Pisano (2019).

Hewlett et al. (2013).

Hewlett SA, Marshall M, Sherbin L (2013) How diversity can drive innovation. Harv Bus Rev 30, December 2013

Pisano GP (2019) The hard truth about innovative cultures. Harv Bus Rev 62–71, January–February 2019

Schumpeter JA (1947) The creative response in economic history. J Econ Hist 7(2):149 et seq

Suryavanshi H (2014) Today’s in-house counsel: evolving roles as business enablers. ACC Docket, p 61 et seq

Titel: Navigating the Future of In-House Legal
verfasst von: Andreas Lenk
Verlag: Springer International Publishing
Buch: Liquid Legal
Print ISBN: 978-3-030-48265-7

Electronic ISBN: 978-3-030-48266-4

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-48266-4_6

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