Embracing Matter Standards for Legal Efficiency

Why law firms should embrace matter standards CodeX FutureLaw Conference 2017 April 6, 2017 Adam L. Stock CMO, Allen Matkins Co-Chair, SALI Matter Standards Committee

The economics of Big Law is driving it to be more efficient = Quality Speed Cost Efficiency

Law firm data capture & management need major improvement High Data Capture/Management Fielded data Financial data Documents Tacit Unstructured Documents Knowledge Low ACC Knowledge Management Report, 2013 Low High Value of Data to Improve Efficiency

We need a common vocabulary across legal operations to improve our processes and efficiency Value / Pricing Project Management / Efficiency Marketing / Experience Management

Matter Standards Mission: building SKUs for legal services

Matter Standards Mission: building SKUs for legal services Labor & Employment Wage & Hour Class Action LEM-EMP D-CCD(CLA) USA-NY-NY MN7372 Jurisdiction of Matter Area of Law/ Practice Product / Process Party Industries / Markets New York, NY Labor & Employment Dispute/ Civil Court Proceeding (Class Action) High Technology/ Software For illustrative purposes only. Standard is not complete.

Provides value to all stakeholders Consumers (companies/clients) Providers (law firms) Business Partners (solution providers) Ability to provide more standardized RFPs Ability to provide more sophisticated RFP responses Ability to build systems to support procurement Procurement / Sales Standard way of describing legal services / products / processes Standard way of describing legal services / products / processes Ability to share standardized data between consumers and providers Pricing Ability to quantify efficiency when procuring services Ability to differentiate and communicate provider value Ability to support better collaboration between consumer and provider Project Management Coding system provides a common vocabulary for delivering value

Typical scenarios for law firms / departments Marketing Matter Staffing What experience does your law firm/ department have in providing these services? Pricing Which time-keepers have the expertise we need? Project Management What are the budgets and potential pricing options / costs for the requested services? Is the matter appropriately staffed? Is the matter on budget?

SALI is an independent organization backed by the following groups: Committed participation by

Organizational goals for legal matter codes Open free and available to all stakeholders Industry-driven managed by an independent non-profit industry organization Hierarchical will have multiple layers of specificity Extensible defined way to extend codes to meet the proprietary needs of stakeholders Practical will come with associated sample implementations of user interfaces and encodings

Structure: we have identified four axes that we are addressing by using new and existing codes 1. Practice / Area of Law Practice / Area of Law 2. Process / Service / Product 3. Industry / Market 4. Jurisdiction Jurisdiction 12

Coding example 1. Practice / Area of Law 2. Process / Service / Product Code: Sub-code: Wage & Hour Employment Code: Sub-code: Trial court Modifiers: Class Action 4. Jurisdiction Litigation 3. Parties Industry / Market Sector: Subsector: Software SIC code: Packaged software High Technology Jurisdiction: New York, NY

Coding example 1. Practice / Area of Law 2. Process / Service / Product Develop new codes Code: Sub-code: Wage & Hour Employment Code: Sub-code: Trial court Modifiers: Class Action 4. Jurisdiction Litigation 3. Parties Industry / Market Use/modify existing coding systems Sector: Subsector: Software SIC code: Packaged software High Technology Jurisdiction: New York, NY

THANK YOU THANK YOU Adam L. Stock astock@allenmatkins.com @adamlstock