sky analytics london_lawcamp_2012
Post on 13-Sep-2014
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We’re on a mission!
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It all started with a lawsuit my company !led in 2004...
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$500,000
$2,443,068
Final CostOriginal Estimate
Let’s just say our lawsuit did not meet its budget estimates.
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$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.
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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.
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Legal Metrics are inevitable...
Will you Innovate,Procrastinate or Resist?