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Keeping your Counsel in the Technology domain: A Practical Guide
Tyson WienkerManaging Director, Greater China
Introduction
A short introduction…
• Managing Director of LexisNexis Greater China• Responsible for leading all areas of the business and developing strategies to
expand the adoption of online and digital information-based services and solutions• Supporting and fostering innovation is high on my agenda• My tenure with LexisNexis extends to almost 10 years, working in the Sydney, New
York, London and Hong Kong offices. • Most recently, I served as Executive Director, Strategy & Product Development of
LexisNexis Asia Pacific • Prior to joining LexisNexis, I worked with the Australian Defence Industry in
business development and project management.
“At the heart of the discussion is the role of technology and strategic thinking in law firms to
re-engineer how things are done and, in particular, how we can make operations quick
and trackable, predictable and efficient.”
William Robins, Keystone Law Partner & COO (UK)
Automation
Efficiency and ROI
Profitability
Technology
“Lawyers resisted faxes and emails in the 1990s just like we now resist
Sykpe and the cloud today. In fact, we wear our resistance to
change as a badge of honour, something of which to be proud. But,
as the Borg say, resistance is futile.”Mitch Kowalski, author of Avoiding Extinction:
Reimagining Legal Services for the 21st Century
The 2008 GFC upended the legal industry where century-old models upon which law firms have traditionally been based no longer ‘works’ for clients. They have begun looking at alternatives and demanding more.
The seismic shift
Driving change
Simply put, BigLaw has given way to NewLawAt the crux of this is that you are expecting lawyers to add value – or what legal expert, Richard Susskind calls the ‘more for less challenge’
To meet these needs, lawyers have had to adapt and evolve where traditional indicators of performance are becoming relics of the past.
2014 LexisNexis Roadshow Research
Study: GlobalWebIndex with WeAreSocial
People going online increases exponentially year-on-year
Online spending is on the rise due to mobile usage
Deliver more for less, faster
Be a step ahead
Global, matrix structures
Complex regulatory environment
The trend of ‘NewLaw’ is a driving factor for changes in your role and value proposition as a Corporate Counsel
Percentage of annual revenue being reinvested into productivity improvements for the financial year ending 2015
To create solutions for youTo increase your ROI and save
you time and money
The products that we’ve rolled out that can help you include:
Practical Guidance Lexis Red
CounselLink Lexis Drafting
At LexisNexis, we are all about harnessing and optimising technology
Practical Guidance is a dynamic tool, which, like the evolving landscape, continually updates so that the solutions we offer
are not static, but cutting-edge.
Allows you and your team to practice with confidence and consistency of process and standards
Team consistency
Which ensures that you get the most relevant results first, improving your efficiency
Enhanced search function
Content is always kept up-to-date with the latest regulatory changes, allowing you to focus on business outcomes rather than time-consuming document updating
Draft with confidence
Seamless links to key laws and cases from Lexis® Hong Kong reduce drafting and research time
Verify sources and research alternative clauses in one click
Effectively triage matters and take on more work in-house, so you can spend more time on strategic work
Delegate with confidence
Impress your stakeholders and demonstrate value with improved productivity and fast turn-around times
Demonstrate value to your organisation
As a Corporate Counsel, you’ll experience…
Clear, concise, and to-the-point explanations of the law with links to supporting legislation, case law and expert commentary
Practice notes
Comprehensive model contracts with alternative clauses customised for different scenarios
Precedents with Alternative Clauses
Clause-by-clause notes detailing the implications of particular clauses and alternatives
Detailed Drafting Notes
Which ensures that you stay current on the latest industry news without having to constantly search websites or a variety of resources
News Analysis
Which seamlessly links you to cases, legislation, commentary and valuable legal resources to streamline matters
Cross links to Lexis HK®
Snapshots of complex legal processes explained in graphical format
Checklists and Flowcharts
LexisNexis Red, is a digital looseleaf servicewhich centralises multiple titles as well as your annotated notes
– enabling you to house all this information in one device.
LexisNexis Red
A weightless digital solution:• You don’t have to carry
heavy tomes to court or to meetings
• Save on shelf-space
Easily customise your referencing between interfaces:• Reliable• Efficient• Versatile
Access your digital library and notes round the clock:• Operates offline• Quickly reference in real
time and with confidence
LexisNexis RedLexisNexis Red
Well show it to them!!!
CounselLink
CounselLink is a platform which enables you to manage all your matters which relate to legal spend, from one central information repository.
CounselLink has specific features to process legal invoices differently from standard corporate bills, and also gives you an auditable invoice review process that will stand up to external or internal compliance requirements.
You'll discover even more savings, insights and hidden value
CounselLink offers various Enterprise Legal Management tools to help control spending and drive legal department results and outcomes. Key highlights include Matter Management and Legal Spend Management.
Matter Management
The Matter Management tool gives you 100% visibility over your corporate legal matters. You can be sure that the mission-critical work of your corporate legal department is heading towards the best possible outcome.
It gives you a powerful vantage point to look at your key activities:• Focus in on one specific matter (whether its being handled internally or by external
counsel) • Look across all matters to determine relationships, trends and the cost elements
associated with your department’s efforts.
Legal Spend Management
Legal Spend Management enables you to implement a comprehensive e-billing capability to track, manage and understand every dollar of your legal spend so that you can make better decisions.
It enables you to prune your costs and exercise control over say, how much your panel of external counsel are spending.
Lexis Smart
When you spend at least 50% of your day drafting documents, wouldn’t you want tools to make you more efficient, accurate and consistent?
Save time and money
Cut down time spent drafting, opening opportunities to build your business and operate efficiently.
Assists staff to take on more matters, promoting productivity while increasing business profit.
Enhance reputation and deliver superior service
Masterfully crafted best-in-breed precedents help you produce accurate and reputable output to satisfy your stakeholders.
Improve productivity
What is document assembly? A new technology that simplifies drafting in 3 easy steps:
The time for new technologies in the workplace in Hong Kong is now
“Asia is not immune to the changes stretching across the globe.”Mitch Kowalski, author of Avoiding Extinction: Reimagining Legal Services for the 21st Century