Sky analytics london_lawcamp_2012

20
We’re on a mission!
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    13-Sep-2014
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    Technology

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Transcript of Sky analytics london_lawcamp_2012

Page 1: Sky analytics london_lawcamp_2012

We’re on a mission!

Page 2: Sky analytics london_lawcamp_2012

It all started with a lawsuit my company !led in 2004...

Page 3: Sky analytics london_lawcamp_2012

$500,000

$2,443,068

Final CostOriginal Estimate

Let’s just say our lawsuit did not meet its budget estimates.

Page 4: Sky analytics london_lawcamp_2012

$121,000 for 12 hours mediation

$545,000 for 104 court pleadings

$970,000 for 2 expert reports

$28,102 Spent for photocopies, a stack of paper 94 feet high at ten cents a copy.Me

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In the future, clients will demand better tools for managing their legal costs.

“The best way to predict the future is to invent it.”

Alan Kay

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Now, back to that mission...

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Want to ManageSomething?

Measure it.

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How does my law !rm compare with others?

Blended Rate

Matter Duration

Matter Cost

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How does my attorney compare with others?

Very favorably!

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...And what exactly am I paying for?

My legal matter

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Why so much time on conference calls?

Billing in half hour increments.

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Benchmark your matters against other similar matters.

Below average costs...

But longer duration

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You’re forgetting something!

The value of the services.

Page 14: Sky analytics london_lawcamp_2012

But you can’t measure the value we

attorneys provide!

It’s too subjective.

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Sure, you can!

Vinny Gambini, Esq.

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Legal metrics will draw from many under utilized data sources.

Billing Data Public Sources

Client Satisfaction

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Legal metrics will deconstruct, compare and manage even complex matters.

Pleadings

Conferences

Depositions

Research

ExpertsMediation

Discovery

Humongous Lawsuit

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Legal Metrics will be assumed by future clients.

Who calls their broker anymore for a stock quote?

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Legal Metrics will replace tag lines with measurable results.

Driving business advantage.

The con!dence to proceed.

Singular focus. Outstanding results.

Deep relationships. Forward thinking.

Top of mind.

Blah Blah Blah.

Page 20: Sky analytics london_lawcamp_2012

Legal Metrics are inevitable...

Will you Innovate,Procrastinate or Resist?