Finding the Competitive EdgeLegal Technology Opportunities to Optimize Your Practice

Mike LippsManaging DirectorLexisNexis Business & Litigation Software Solutions

Presenter

Michael LippsManaging DirectorLexisNexis Business & Litigation Software Solutions •Heads up newly formed LexisNexis Raleigh Technology Center.•Provides workflow and technology solutions that support litigation management, client development, matter and practice management, and legal analytics. •Member of the LexisNexis Executive Management Committee. Prior to joining LexisNexis, Mr. Lipps was with Intuit Inc. for over 14 years, where he held a number of software product management & marketing leadership roles, including Director/General Manager, QuickBooks Financial Software.

Objectives for Today

Need New Tools to Maximize Revenue

Demand for Big Data Decision Making Tools

Share our perspectives on current legal & technology trends that are changing how legal work gets done.

Overview how LexisNexis software & technology is evolving to help you take advantage of those trends.

Answer any questions you might have.

And Give Some Glass!

Answer any questions you might have.

Business and Litigation Software Solutions

Who We Are Today

Who We Are TodayLexisNexis Business & Litigation Software Solutions provides innovative business management and litigation solutions for legal professionals

Business of Law LitigationLaw Firm Practice Management

Enterprise Legal Management

Legal-Specific CRM

Electronic Discovery

Case Analysis

Trial Presentation

Data Hosting and Managed Technology Services

Help firms gain increased control of e-discovery with flexible, integrated solutions for early data assessment, processing, review and seamless chain of custody.

Help professionals at law firms and legal departments manage the business element of their practice or departments with innovative solutions.

Technology Trends

Trends

Increasing Corporate Counsel Focus on Legal Cost Management

Emergence of Cloud and Mobile Solutions

Need New Tools to Maximize Revenue

Demand for Big Data Decision Making Tools

Increased Demand for End-to-End Solutions

Increasing Corporate Counsel Focus on Legal Cost Management

Trends

Plan to make changes to department spending habits in 2014

In-House Counsel under significant pressure to reduce legal costs, especially external spend71%

38%24% Of Law Firms describe rate pressure from

Corporate Counsel as pervasive

LexisNexis CounselLink is a scalable cloud solution that provides e-billing and matter management functionality. It helps corporate legal departments:

TrendsCounselLink

7-10%External Counsel Savings

+8-10%InternalSpend

Savings

Legal Spend ManagementAnalytics and benchmarking enable legal departments to:•Control costs•Make budgeting/forecasting more predictable

Emergence of Cloud and Mobile Solutions

Trends

Legal professionals believe law firms overall are more likely to consider the cloud in 2014

Lawyers are using smart phones for law-related tasks outside the office91%

72%70% Of firms are currently using, implementing

or have cloud solutions on their IT roadmap

Trends

TOP 5 BARRIERS TO CLOUD ADOPTION

Work Anywhere

LexisNexis Firm Manager ® is mobile practice management for the independent attorney.

Our VisionDeliver customer-driven legal software that is faster and more intuitive to help attorneys more easily manage their practice and their business.

LexisNexis Firm Manager

Hosted Litigation Solutions

LAW PreDiscovery and Concordance Evolution can now be hosted in LexisNexis’ secure MTS data centers globally or offered in an on-premise private cloud (VBlock), with as much or little service as you need….a cost-effective way to handle large-scale e-discovery projects.

Our VisionEnable our firms to diversify their e-discovery applications and accelerate the time to deployment of a cloud-based system.

Bundled with LexisNexis eDiscovery Software

RESULTS OF SEPTEMBER 2013 IDC RESEARCH STUDY

25 days down to 5 days

5X FASTER TIME FOR

NEW SERVICES

50% REDUCTIONOF ANNUAL

DATA CENTER COSTS

160 days down to 4079% less staff effort

4X FASTER TIME TO

DEPLOYMENT

96% REDUCTIONIN DOWN TIME

VCE On-Premise Cloud

Pre-integrated, pre-tested and pre-validated eDiscovery system accelerates time to deployment and increases ability to respond to data demands

Emergence of Cloud and Mobile Solutions

Trends

Large law firms are 35% of large law firms’ revenues declining

Firm leaders say growing firm revenue is a top 3 priority for their firm66%

35%2.4%

Need New Tools to Maximize Revenue

Amount of total revenue that firms are spending on marketing/business development

Business Development

LexisNexis InterAction® is transforming how law firms operate as a business.

Our Focus: We are working on technology solutions to make the lives of business development & marketing leaders, practice leaders, partners or attorneys easier…and better.

LexisNexis® InterAction®

• Now tracking emails & your meetings• Easier Deployment

Enhanced Relationship Scoring

• Passive data management

Automating Data Capture and Quality… …one contact at a time

New tools for the Business Development Manager

LexisNexis® InterAction®COMING SOON

Trends

Demand for Big Data Decision Making Tools

Law firms indicate that big data tools will lead to more strategic use of data. 16%IT People agree that Big Data tools can lead to more informed, data-driven decisions85%

2.5TB1/3 companies involved in e-discovery now average 2.5 Terabytes+ of data per legal matter

E-Discovery

LexisNexis E-Discovery Approach to Big Data

Our Focus: Provide the control and flexibility our clients need to successfully manage any type of case, with trusted best of breed tools and services that save clients’ money and maximize resources.

Our Approach:Deliver scalable, integrated & accessible solutions, aligned to the EDRM, assisting with all aspects of document processing, review, production, analysis and presentation.

This leading technology helps clients save money while reducing risk through seamless chain of custody.

Source: LexisNexis CDI Survey commissioned by Litigation Solutions in 2013

6

Growth of Data Requires Scale

Unprecedented Insight

What’s new in LexisNexis® Early Data Analyzer?• Analytics: Benefit from email threading and near-duplicate

detection, as well as a data-import graph showing trends and gaps.

• Performance: Take advantage of faster export speed and a clock for viewing time remaining for analysis, optical character recognition (OCR), indexing and exporting.

• Ease of use: Tabs on the optional web-enabled interface now enable you to conduct statistical sampling and drill down into each document to view email threads, near duplicates, metadata, etc.

Handle Cases of Any Size

What’s new in Concordance Evolution 3.0?Built-in reviewer activity reportingGain deep visibility into your team’s workflow.

Improved exportingExport a subset of native documents based on a tag (hybrid production) and take advantage of additional new exporting enhancements.

Better importingImproved text import for load files allow you to simply point to a folder location and import the text.

Full-loop synchronization of images, fields and tagsSave significant time—you no longer need to export and run a separate file sync from Concordance Evolution when you update your LAW PreDiscovery® database.

Unicode™ supportToday’s global lawsuits involve multilingual communication. Simply click a checkbox for foreign character language support.

Microsoft® Windows® 7 and Internet Explorer® 10 and 11 support now available

Concordance® Evolution – LAW PreDiscovery™ IntegrationReduced the user workflow by 5 steps

Big DataIn Legal Departments

*CounselLink Benchmarking Database

Driving Decision MakingIn Legal Departments

*CounselLink Benchmarking Database

Sample metrics, include:• Legal rates• Hours billed• Matter costs• Matter staffing• Matter duration• Alternative fee usage• Efficiency

CounselLink Insight is an advanced tool for looking deeply into your costs – and for benchmarking those costs against comprehensive rate and fee data gathered nationwide.

Increased Demand for End-to-End Solutions

Trends

Prefer an integrated solution vs. separate products for different workflow stages79%Vendors in Gartner’s leader category reported an acquisition in the past 2 years 4/9

Enterprise Business Management

Our VisionHelps firm proactively manage costs, improve control, make informed decisions and optimize resources to deliver greater value to clients.

What does it mean for the US market?We are here to talk with firm technologists about what this could mean for firms in the US and what they need.

LexisOne® is a new legal enterprise business management solution that exceeds traditional practice management offerings.

Powered by Microsoft Dynamics AX 2012

LexisOne®

How are we making all of this happen? Good Question!

Our Investment In Technology

• LexisNexis Raleigh Technology Center Opened May 2014 on North Carolina State’s Centennial Campus

• All N.A. Software Business now together under one leader• Creating best practices, pooling the best talent• Strong partnership with leading technology & analytics university• Won best workplace culture in NCTA awards• Following through on the 2013 Software Users’ Bill of Rights

Questions?

Mike LippsManaging DirectorLexisNexis Business & Litigation Software Solutions

To learn more, visit us at Booth 412 and talk to a legal software expert.

Mike LippsManaging DirectorLexisNexis Business & Litigation Software Solutions

And… Now for the Prize Drawing….