Photo credit: @StefanieMarrone via Twitter
The unofficial trend out of 2017's P3 – The Practice Innovation Conference? Collaboration. As P3 professionals continue to rise and expand their mark within the legal industry, the critical next step is collaboration.
It's bittersweet to say the conference's fifth anniversary has come and gone, but it was certainly one to remember. Day two featured 12 concurrent education sessions, 10 service provider demos and our closing session. Education include:
- Attendees of this workshop were challenged to come up with an innovative, creative solution for pricing strategy that would revolutionize the legal profession by 2020. The winning group will soon have an article featured in an industry publication. Stay tuned! (Workshop: Hack to the Future – Part 1 and Part 2)
- Improve collaboration by offering more transparency, giving more specific roles to dedicated legal operations professionals, fostering operations to operations duscussions between firm and client, picking up the phone, and empathizing... literally put yourself in the client's (or firm's) shoes. (Session: First Walk a Mile in My Shoes: Bridging the Gap Between Law Firm and Legal Operations Professionals)
- Artificial intelligence is the topic of the hour. These days, everyone seems to be looking to smart technology to serve as an “easy button.” While technology is certainly advancing rapidly, it is not alchemy, and it’s imperative that we are cognizant of its limitations while embracing its benefits. When deciding on technology for your firm, consider three things: (1) is it safe?; (2) does it what you need it to do?; and, (3) does it solve your problem better than how you are currently solving it? (Session: Machine Learning, Time Entries and Artificial Intelligence)
- When moving to fixed-fees, consider looking at other sources of data, such as operational data, in order to maintain data quality for clients. Clients value candid feedback from firms in fixed-fee moves because it helps in-house legal improve. (Session: Law Firm Data and How It Can Be a Value-add to Your Clients)
- Hiring of PGM and LPM professionals is highest among the AmLaw 50. Mid-size firms are less likely to adopt LPM because they struggle more with change due to resistant partner buy-in and prohibitive adoption costs. (Session: Practice Group Management and Legal Project Management in the AmLaw 200)
At #LMAP3 Lisa Konie (Adobe Legal Ops): "Value is different for every person and every matter."— Patrick Johansen (@PatrickPricing) May 17, 2017
Most important trend coming out of this year's P3 conference: Emergence of CLOC as a driver of LPM, etc. #LMAP3— Stephen Nelson (@SKNLegal) May 17, 2017
Closing Session... LIVE
The 2017 closing session was streamed live via Facebook for anyone unable to attend but interested in the education and in hearing more about the conference. Press play below to hear from conference co-chairs Michael Byrd (Baker & McKenzie) and Kristina Lambright (Perkins Coie), as well as special guests Christopher Ende (GE) and Toby Brown (Perkins Coie).
Miss the conference? Visit the Learning Store to purchase the full 2017 P3 Conference recordings bundle, featuring video recordings of each session.