A New Age of Lawyers September 18, 2015

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Tracy . Dalton, Counsel On Call. Deborah . Greenman. , Toyota. Darla . Roden. , Borden. Jessica Watts, Hewlett-Packard. 2008. A quick show of hands…. 2008: Tipping Point?. Not Just a Recession – but a Reset. ID: 652096 Download Presentation

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A New Age of Lawyers September 18, 2015




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Presentations text content in A New Age of Lawyers September 18, 2015

Slide1

A New Age of Lawyers

September 18, 2015

Tracy

Dalton, Counsel On Call

Deborah

Greenman

, Toyota

Darla

Roden

, Borden

Jessica Watts, Hewlett-Packard

Slide2

2008

A quick show of hands…

Slide3

Slide4

2008: Tipping Point?

Not Just a Recession – but a Reset

Changed the Legal

P

rofession

F

orever

Disruptive Innovators Entered the Market

Legal Departments Came Under Increasing Pressure to Do More with Less

They Passed Those Pressures Onto Their Law Firms and Outside Providers

Slide5

New Pressures for In-House Counsel

“We feel we’re at the tipping point,”

Amar

Sarwal,

VP and

C

hief

L

egal

S

trategist

,

Association

of Corporate Counsel (2015)

A decade ago, only the most cutting-edge law departments had legal operations

managers.

Today:

 ACC estimates that at least a third of GCs at

FORTUNE

500 companies have added them.

Moreover

,

ACC

predicts

that

legal operations teams will be a fixture in not only large law departments, but at small and medium-sized companies, too.

Slide6

New Requirements

Seven Most Common Requirements Set by In-House Counsel for Outside Counsel

:

Providing Value Billing

Fixed Fees and/or Capped Fees

Discounted Fees for Volume Work

Detailed Budgets

Strategic and/or Financial Plans for Legal Matters

Technology

to

Improve

Productivity / Reduce

Costs

Fixed Budgets for Each Engagement

Project Management Systems or Tools

Slide7

A New Kind of Lawyer Has Emerged

Must

Meet the

Demands

A “

Legal Hybrid

” – Talent

with

:

Multi-disciplinary

backgrounds

Training in law that dovetails with a formal education in one or more other disciplines

Slide8

New Skill Sets

Legal Knowledge Engineers

Advanced Legal Systems

Analysts

Six Sigma Training

Project Management

Computer Programming

Financial Management

Business Management

Slide9

New Models Have Emerged

In

-sourcing

De-lawyering

Relocating

Off-shoring

Out-sourcing

Sub-

contracting

Co-sourcing

Leasing

Home-sourcing

Open-sourcing

Computerizing

No-sourcing

… To meet the talent demand in legal technology, large data, flexible needs, budgetary constraints:

Slide10

How

Technology Has Already Changed In-House Legal Departments:

Connectivity/

Collaboration

S

oftware That Dramatically Improves

S

peed

and

Efficiency (

i.e

., Discovery and Due Diligence

)

Matter

Management

Knowledge

ManagementeBilling

New Technologies Have Emerged

Slide11

So How Is It Really Working?

Slide12

Ethical Issues of the New Normal

New Models

New Kinds of Professionals, Including Non-Lawyers

New

Ways

of Doing Business

Slide13


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