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LegalTech® New York January 29 – 31, 2013 ILTA Law Department Peer Group Technology Trends in Corporate Legal 1.30.2013.

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Presentation on theme: "LegalTech® New York January 29 – 31, 2013 ILTA Law Department Peer Group Technology Trends in Corporate Legal 1.30.2013."— Presentation transcript:

1 LegalTech® New York January 29 – 31, 2013 ILTA Law Department Peer Group Technology Trends in Corporate Legal 1.30.2013

2 Our Panel Eyal Iffergan, Hyperion Global Partners Rajan Gupta, Qualcomm Mike Russell, Liberty Mutual Insurance Mark Harrington, Guidance Software Inc. Moderator: Ralph Schroeder, Hyperion Research 2

3 Peer Group Benchmarking Hyperion Research conducted a benchmarking study focused on gaining insights to a range of topics and issues currently facing General Counsel and law department management. The five core areas covered included: Organization and reporting structures; Current trends in service delivery approaches; The emergence of new service delivery models; The use of outside counsel, LPO and other legal service providers; and Information technology and systems Our study results have helped shape today’s discussion; the full report can be downloaded at www.hgpresearch.com. Enter the code: LegalTechNY2013 3

4 Today’s Discussion Topics Dynamic Sourcing: Creating a Multi-Source Enabled Environment Legal Metrics: Defining Success Beyond Spend Management Legal as a Business Function: The Evolving Role of Corporate Legal 4

5 Dynamic Sourcing: Creating a Multi-Source Enabled Environment 5

6 New Sourcing Approaches 6 Shared Services Model Legal Process Outsourcing No Shared Services Evaluated Implemented No LPO Project Based LPO Programmatic LPO

7 Important Technology Enablers 7 Implemented DMS Implemented Multi-Source Tools …No DMS …Shared Directories …Full DMS 51% 22% 27% 25% 40% 30% 25% …eWork Rooms …Workflow / BPM …Messaging / Presence …Video Conferencing 57% …Scanning / RMS

8 Challenges to ECM LegalTech® New York January 30 – February 1, 2012

9 Legal Metrics: Defining Success Beyond Spend Management 9

10 Performance Reporting 10 Areas of Performance Measuring Reporting Lines for Legal Metrics Legal Spend Case Load / Utilization Quality / Outcomes CxO Level General Counsel Senior Attorneys 32% 98% 65% 95% 40% 98% Staff Attorneys 70%

11 Achieving Effective Reporting 11 1 Lack of Well-Defined Metrics 75% 2 Lack of Information or Data 54% 3 Lack of Tools 53% 4 Lack of Training or Skills Sets 41% 5 Lack of Management Interest 21% Rate Major Impediments to Reporting Reporting Tools Excel Only 30% Reporting Tool 45% E-Billing Systems 80% Matter Management 40% BI Analytics 30% Enterprise Finance 35%

12 Legal as a Business Function: The Evolving Role of Corporate Legal 12

13 Structure of Legal Function 13 Assigned to Business Pool of Resources Hybrid Approach How are Attorneys Allocated 60% How is Legal Function Organized Centralized 25% Business Unit 15% Hybrid

14 Mobility Rapidly Emerging LegalTech® New York January 30 – February 1, 2012 Evaluate Microsoft 8 for Mobility Challenges to Mobility

15 Investment Levels in Legal Technology 15 Investment Level

16 Thank You! Additional Information: ralph@hgpresearch.com ralph@hgpresearch.com 16


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