ENTREPRENEURIAL LAW

A few years ago the idea of entrepreneurship exploded into the public space and everyone was itching to have a go at it. This was the solution to the unemployment problem, the low wage problem, the bad boss problem. But what on earth did it really mean? And what can law firms do with it?

A simple definition of this term entrepreneurship: is the absence of a safety net, there is a real risk of failure, of exposure and the relentless pursuit of opportunity. It is throwing oneself upon the seas for a chance at profit alone.
Entrepreneurs deliberately chase risk they use intuition, practice creativity, have to be extremely resilient and quite frankly lawyers live in another world with their focus on conservatism, being cynical, skeptical.

Do any of these law features make for good entrepreneurs and does the law need them? The history of legal entrepreneurship is not a particularly long or varied one. No media reporting in it, no awards for it and no marketplace buzz touting legal entrepreneurship.

So who dares claim up be entrepreneurial?