Thursday, September 1, 2016

The 'New Ecosystem': Law Firms, Clients and Vendors Working Together

, Legaltech News

A common theme at this year's ILTACON: experts are saying that client-vendor collaboration is the future of legal.


While technology has had a place in law for years, firms are only now increasingly leveraging it to address new client expectations. In the case of Corrs Chambers Westgarth, this trend began around a year ago, pushing the firm's client technology solutions manager, Jason Jones, to put a business case forward to the firm's leaders.


In the ILTACON session "Innovating Together: Building Partnerships Between Law Firms, Clients and Vendors," experts from law firms and a vendor discussed examples of collaborations for clients and provided some tips around how other firms and vendors can begin working together to better meet their goals.

In the case of Corrs Chambers, Jones says the firm began attending client meetings while bringing clients to the partner meetings to better understand challenges and develop a stronger relationship. Here, he notes, three things are relevant: working together and forging relationships; introducing new service models that rely on technology experts; and generating new revenue.

"Traditional labor services alignment are becoming inadequate, and clients are looking toward disruptive technology," he added.

Taking the vendor angle was Glenn LaForce, Handshake Software executive vice president and chief strategy officer. He said that over the past eight years, clients of firms began pushing back on the quality of work.

"Law firms had to really start to examine the efficiency of how they provide their services to clients," he said. "This is an instant world and you need instant results, and this put pressure on firms."

Yet often a problem arises in that law firms "look at technology as the silver bullet to deliver information to clients." However, technology for the sake of technology can "be a recipe for disaster."

This means that communication becomes key, as it's essential to understand what you're trying to solve for a client, while knowing the best method of delivery and ensuring that all sides know how to leverage the solution.

Davis Wright Tremaine client service and engagement partner Lawton Penn noted it's important to begin questioning what, in the tech-driven world, feels harder when you go through your day. What would you love to bring to business leaders? she asked.

Additionally, for in-house counsel, Penn said, "the most important question is, 'What's standing in the way to getting you to the strategic work that drew you into in-house work in the first place?" This, she noted, is changing the way "we conduct our tasks and think about them."

An example of this is finding that a "legal answer" doesn't mean a problem is solved. Instead, providing expert insight from legal requires "bringing different folks to the table, different kinds of questions and different skill sets," she said.

"We've come to realize that the bespoke hourly work is not the beginning to the end," she added. Now, it's "part of this bigger ecosystem" while using data and technology "is causing a shift in the way we think at our firm."

"I think there are a lot of firms that still think the lawyers and the firm are at the center of the universe," she said. "And it has to be the clients."

She also advised lawyers to be comfortable with the change, and to always remember: They have to go into this knowing that they're designing "something new that's never been done before."



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