Ballard Spahr Shortlisted in Two Categories for Financial Times Law Firm Innovation Awards
Ballard Spahr’s culture of innovation and accomplishments in bringing leading-edge solutions to the practice and business of law have earned the firm a spot on shortlists for two Financial Times’ annual awards for innovation.
Ballard Spahr is shortlisted for top honors nationally in the categories Innovation in Digital Solutions and Innovation in Knowledge & Data. Winners in these and other categories will be announced at the Financial Times’ Innovative Lawyers Awards North America 2023 event on December 4 in New York City.
The Ballard Spahr innovations recognized by the Financial Times were developed by the firm’s Client Value and Innovation team in close partnership with Ballard Spahr partners and their clients. These solutions add value for clients and allow lawyers to function more efficiently and productively.
The focus of the Innovation in Digital Solutions recognition is LicenSync, Ballard Spahr’s automated tracker for managing complex business license and registration regimes across state, federal, and foreign jurisdictions. LicenSync helps financial services companies monitor and stay up to date on federal approvals, state licenses, and foreign “doing business” registrations—to avoid penalties for noncompliance. This category recognizes law firms and individuals that have shaped firm culture and processes to meet client needs and “created new standards to deliver outstanding outcomes for clients, with originality and impact.”
The Innovation in Knowledge & Data category recognizes law firms for projects involving law firm strategy, management, or operations, such as firm-wide digital programs. Ballard Spahr is recognized for its use of leveraged generative AI and cognitive services to replicate best practices from successful client engagements. The groundbreaking technology generates actionable insights to support decision-making and optimize firm processes to maximize efficiency, foster added value, and drive service innovation.