Hive Legal is built on a foundation of true internal and external collaboration – it has a model of equal ownership and has abolished time recording thereby encouraging free sharing of information, ideas and time. Externally the company can advise full service firms on specific matters and can seek advice for their clients when outside of their direct skill set. Their value pricing model and efficient practices delivers high value to the client.
The judges were very impressed with the great fixed and flexible staffing approach by this firm – and feel this in addition to their employee engagement approach is the future for legal firms. A key note of interest was the use of both fixed fee AND no time recording in their business model – the judges noted that not many firms have taken that leap yet.
“Our approach to innovation involved starting with a blank sheet of paper and looking to reinvent every aspect of our business. However innovation is just an idea unless people believe in it, embrace it and apply it every day. Our strength is not innovation – it is our people and their willingness to find ways to do things better.”
Simon Davidson, Principal and Founder, Hive Legal Pty Ltd