Legal Process Improvement

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The final session I attended at the P3 conference was TyMetrix’s "Navigating the New Normal – Where to Start." The panel was moderated by John Strange of Baker Botts, and included Holly Montalvo, TyMetrix, Peter Eilhauer, Elevate Services, and Toby Brown, Akin Gump. 

The attendee guide reads: 

As law firms navigate in the new normal they are being asked by corporate clients to deliver their services in a more predictable and transparent fashion. Join our panel of experts in a collaborative discussion on ‘Where to Start’ on this path to deliver a more efficient and effective legal service deliverable while demonstrating value to your client in a transparent way."

As we’ve seen, there is a corporate appetite for more data to analyze what companies are spending on legal services. But where are we today in terms of understanding "big data?" The panelists say "in between a rock and a hard place." Continue Reading Navigating the New Normal – Where to Start

We had high hopes for the final session on the first day of P3, with my friends Tim Corcoran (@tcorcoran), John Byrne (@johnmbyrne), Catherine MacDonagh (@CathMacDonagh) and Amy Hrehovcik (@hRovingChik) presenting – and we weren’t disappointed! 

As per the attendee guide: 

We will examine a typical corporate business case and how it incorporates internal and external factors such as market demand, competitive pricing, cost of production, cost of delivery, client mix, channel strategy, profit targets and resource allocation to make a go/no-go decision for a new initiative. By contrast, law firms have traditionally taken a less rigorous approach to quantifying new initiatives, relying instead on each practice group or even each partner to drive business decisions."

We’ll illustrate how a law firm fully embracing an integrated P3 mindset can dramatically improve its approach to business strategy, improve financial performance and maximize its resources and capabilities. We’ll demonstrate how law firms can embrace data, process, tools and incentives to make better business decisions." 

Continue Reading Anatomy of a Business Case – Integrating P3 Discipline into Law Firm Business Strategy