Tom Jones, CEO
Iridium Technology LLC
Meredith Williams-Range, Chief Knowledge & Client Value Officer
Shearman & Sterling LLP
Learn about the status of a project that was discussed at last year’s conference and how it has evolved. What has worked? What hasn’t? What has been learned that has affected and changed the project? What stage is the project at now?
Tom and Mark have returned to discuss the challenges and successes around a project designed to put into place models and predictors of bad debt, including a detailed look at whether the objective of the project was met, revisiting the original hypothesis around bad debt predictors and explaining if that was proven or not. They will discuss if the statistical and learning models derived were successful or unsuccessful, and if so, how the process of putting these predictive models into place has been altered based upon these findings. They will also explore the challenges and opportunities associated with data availability, integrity and the utilizations of those models in the context of financial performance. In addition, Mark will discuss the outcomes of a similar project that has been completed and the successes and challenges faced.
Tom Van Der Moere, CFO
Neal, Gerber & Eisenberg
Mark Medice, Principal
Law Vision
Attorneys often do not enter correct task codes on their timecards. But, having correct task codes at the timecard level creates significant advantages for business intelligence and practice management. In this session, we will demonstrate how to use pre-trained word embeddings and a neural network to predict timecard task codes with over 75% accuracy. Two relatively recent advances in deep learning make this experiment possible. First, transfer learning allows us to transfer pre-trained weights to a relatively small dataset, significantly improving the accuracy of our models. Next, sequence networks process text sequences rather than treating text as just a bag of words. This provides a significant improvement in accuracy. This presentation will be address these concepts in a clear, concise manner without requiring any specific technical knowledge or programming skills. You will leave this presentation with a deeper understanding of the business intelligence available to be unlocked in your data with artificial intelligence.
Shawn Hainsworth, Senior Architect/Developer & Programmer
Cooley LLP
In this session, leaders in legal marketing will provide insight into which Business Intelligence strategies and technology they use to generate revenue and create value for their external and internal clients. The panel will discuss the various tools available, how they put together their BI stack, and how they utilize these tools for everything from strategic planning to business development to client care. They will share how to gain buy-in from management, the process they use to gather the intelligence and apply the data to their daily roles, and how this information can be used to help lawyers and firms differentiate themselves from the pack.
Mike Mellor, Chief Marketing and Business Development Officer
Pryor Cashman LLP
Michelle Murray, Senior Consultant
PP&C Consulting
Kristen Hughes, Business Development Associate Director
Kirkland & Ellis, LLP
A law firm’s most valuable asset is the information it collects (and generates). Firms house troves of information about their clients, their attorneys and staff, and their own operations. But the vast majority of this information goes unused, even as firms are asked by their clients to provide more insight into firms’ offerings. More importantly, data can be used to describe who the firm is, show how it manages operations, and help drive change throughout the organization. Data visualization is a powerful tool in analyzing firm information, and when used well, it can provide insights far beyond what’s measured in billable hours. For example, clients are increasingly requiring diverse teams and want proof that firms are taking steps across the organization to increase diversity. This has led to the rise in industry initiatives like Mansfield Rule certification which requires firms to track and report on diversity information across more than 30 data points. Firms struggle and waste hundreds of man hours trying to pull together reliable information manually. Little time is spent using the data to drive change in staffing. Data visualization and data management tools (and processes) can mostly automate this process giving firms the intelligence it needs to proactively drive change across the organization. This discussion will examine how nimble dashboards and data visualizations can be used to help firms assess and achieve strategic goals and empower its staff and attorneys to strive for them.
Hunter Goolsby, Director of Client & Market Intelligence & Acting CMO
Troutman Sanders LLP
Madison Henry, Senior Business & Competitive Intelligence Analyst
Troutman Sanders LLP
Tom Jones, CEO
Iridium Technology LLC
Tom Jones, CEO
Iridium Technology LLC
There is no shortage of data, in fact there is so much raw data that firms struggle with how to access, transform, analyze, and share it. Most is raw data siloed and continually needs to be reviewed and updated - from court data used to predict legal outcomes, to personal contacts data used in marketing campaigns, to client and matter data used for invoicing and financial reporting. Combining, transforming, and analyzing data requires resources, whether that involves attorney time, or hiring more staff, or buying new tools. What are the highest priorities for firms and how do they stay on top of the rapidly evolving world of data analytics? Hear from three firms about:
Moderator:
Tom Jones, CEO
Iridium Technology LLP
Panelists:
Kate Cain, Director of Innovation and Design
Foundation Software Group
Rebecca Holdredge, Innovations Manager
Husch Blackwell
Chris Pelkey, Data Scientist, Financial Analysis
Perkins Coie LLP
This session will cover the ways in which Winston and Strawn is applying AI solutions to drive business development and improve reporting. Solutions currently (and soon to be implemented) by the firm incorporate a variety of analytics and AI tools, include a “bot” that does natural language processing to evaluate litigation opportunities.
Amy Wisinski, Senior Manager of Marketing Data Analytics and Technology
Winston & Strawn, LLP
Learn about the inter-connectedness between pricing, profitability and compensation and how they are changing. Understand how a business leader can use this Business Information to improve client satisfaction, improve the work product and quality of life and, ultimately, make better decisions.
Tim Corcoran, CEO
Corcoran Consulting Group
Tom Jones, CEO
Iridium Technology LLC