Legal Tech Camp 2012 - Sky Analytics Presentation

20
We’re on a mission!
  • date post

    13-Sep-2014
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    Technology

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Sky Analytics founder and Chairman, Ronald Gruner, recently participated in the Law Tech Camp in London on June 29th. As a featured speaker, Ron gave a "Pecha Kucha" style presentation, which is a six minute, fast-moving speech. Ron's presentation titled "The Legal Client: Trials, Tribulations and Future Expectation" focused on how data and analytics will be a key driving force in the legal industry in years to come.

Transcript of Legal Tech Camp 2012 - Sky Analytics Presentation

Page 1: Legal Tech Camp 2012 - Sky Analytics Presentation

We’re on a mission!

Page 2: Legal Tech Camp 2012 - Sky Analytics Presentation

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

Page 3: Legal Tech Camp 2012 - Sky Analytics Presentation

$500,000

$2,443,068

Final CostOriginal Estimate

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

Page 4: Legal Tech Camp 2012 - Sky Analytics Presentation

$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

Page 6: Legal Tech Camp 2012 - Sky Analytics Presentation

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: Legal Tech Camp 2012 - Sky Analytics Presentation

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?