Unlocking Value in Traditional Legal Industry

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    Unlocking Value in Traditional Legal Industry

    Joshua Lenon Lawyer in Residence

    Clio

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    Joshua Lenon

    Background American Trained in International &

    Comparative Law Licensed in New York Plays sand volleyball Cooks a lot

    Lawyer in Residence Clio legal practice

    management software Vancouver-based Legal scholarship

    Educational trainer Sales & support

    enhancement Product advice Market research

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    Dawn of the Agile Attorney

    ABA)Law)Prac2ce)Today)

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    Agile

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    Agile at Clio

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    Agile at Clio

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    VALUE IN THE LEGAL INDUSTRY

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    Value

    Value = Benefit - Investment

    AgileA7orney.net)

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    Value

    1. Money is a poor stand-in for Value 2. Value is emotional 3. Increasing the Benefit is almost always

    superior to slashing the Investment

    AgileA7orney.net)

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    Value Denied

    93.8% say theres more intense price competition

    88.6% say theres demand for

    commoditized legal work

    82.3% see increased competition from non-traditional sources

    Altman)Weil)2014)Law)Firms)in)Transi2on)Survey)

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    Value Denied

    39.4% of firms are changing strategic

    approach

    Altman)Weil)2014)Law)Firms)in)Transi2on)Survey)

  • #ClioWeb) Altman)Weil)2014)Law)Firms)in)Transi2on)Survey)

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    There is a business in providing value.

    Altman)Weil)2014)Law)Firms)in)Transi2on)Survey)

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    Value Seized

    Forbes:)02/12/2015)

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    Value Seized

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    Value Seized

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    Value Seized

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    Value Seized

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    UNLOCKING VALUE

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    Legal Process Management

    Laying the Foundation Understand the context of the case or matter

    (past and present) Define legal and business issues and goals Identify primary project team members Identify range of interests Define success criteria Define scope of project Assess risks, time and budget constraints

    Altman)Weil,)Inc.)J)Legal)Project)Management:)A)Value)Triple)Play)for)Law)Departments)

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    Legal Process Management

    Formulating the Project Plan Define tasks Set deadlines Identify entire project team and other resources Develop work plan with schedule and budget Establish reporting, communication and

    change strategies

    Altman)Weil,)Inc.)J)Legal)Project)Management:)A)Value)Triple)Play)for)Law)Departments)

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    Legal Process Management

    Implementation Execute the plan and deliver the services Track and monitor, make adjustments to work

    plan as necessary

    Retrospective Analysis Debrief with team and client Identify successes and shortcomings Refine process for future projects

    Altman)Weil,)Inc.)J)Legal)Project)Management:)A)Value)Triple)Play)for)Law)Departments)

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    Easy Project Management

    1. Find something at which youre good; 2. Figure out why youre good at it; 3. Use that experience to guide future actions; 4. Repeat

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    Thank You

    Joshua Lenon joshua@clio.com @JoshuaLenon Linkedin.com/in/joshualenon