FT Legal Innovative Lawyers Awards 2015
We are proud to announce that Simon Harper, Co-founder LOD, was named ‘Legal Innovator of the Year’ at the FT Innovative Lawyers awards. Now in its tenth year, FT Innovative Lawyers are the only awards which recognise innovation in the legal industry.
Simon was praised for developing the concept of LOD and for continuing to evolve the model, the launch of which in 2007 ‘sent shockwaves through the legal industry’. The FT highlighted the fact that LOD has been copied by several major UK firms, with more than a third of the top 20 firms having subsequently launched similar offerings. LOD revenues have grown by 700% in the last five years, with turnover exceeding £12m in FY14/15.
In addition, LOD received ‘Standout’ recognition for its Managed Teams model which was second in a class of 25 in the Growth and Business Development category. Launched in 2014, Managed Teams is an evolution of our On Call model (individual lawyers working remotely to support and extend in-house teams on a flexible basis), bringing together virtual teams of LOD lawyers overseen by an Engagement Manager. A year after its launch, Managed Teams already accounts for 15% of LOD’s turnover.