10:00 AM EDT
Conference Opens/Virtual Networking
10:30 AM EDT
Partner Talk #1: Keys to Surviving and Thriving through the Pandemic
Please join us for two twenty-minute executive presentations from some of our conference partners. These sessions are presented consecutively sans any breaks.
Partner Talk #1:
Keys to Surviving and Thriving through the Pandemic
As we look towards closing out 2020, it is vital that we assess lessons we learned–and of course lessons still to come–from our current global pandemic and economic downturn. Many firms put new processes in place to better analyze profitability data, deliver prebills and electronic reports, and gain more immediate access to business metrics. Now is the time to reflect upon these new processes and instructive moments to improve the health of your firm’s data analytics and ensure success throughout the pandemic and beyond. Tom Jones, CEO of Iridium Technology, will share three keys to surviving the pandemic intact and having your firm emerge more successful than ever.
Tom Jones, Chief Executive Officer & President, Iridium Technology
Partner Talk #2:
A Cut Above: Exploring Operational and Cost Strategies in IT Asset Management
Given the continued need for data security and compliance, law firms are continuing to increase investments in software and infrastructure in order to support the growing demand of clients. With IT spend hitting $20,000 per attorney or more, having an optimal financial IT procurement strategy focused around the goals of the firm is of key importance. This session will explore the comparative financial costs and benefits of lease vs. ownership IT asset management strategies. The conversation will center upon key considerations of the full asset lifecycle, including cost reductions of software updates and hardware maintenance as well as multi-layered security concerns.
Barry Steel, Senior Vice President of Sales, CoreTech Leasing
12:00 PM EDT
12:05 PM EDT
A Measured Response: Revising Lawyer Compensation Models in a Distressed Economy
Propelled by evolving sentiments around origination and the billable hour, lawyer compensation models have drawn intense scrutiny over the past decade. Though today’s economic fallout comes on the heels of several encouraging years of growth, some firms are asking if recent austerity measures of reduced partner draws signals yet another opportunity to review traditional compensation systems across the firm. Our distinguished presenter will discuss whether or not the current situation augurs a timely lesson in how firms pay their legal professionals, while providing examples of what a revised compensation system could look like in 2021.
Michael D. Short, Principal, LawVision
1:25 PM EDT
Too Big to Fail: Identifying and Mitigating Fiscal Hardship
Financial analysts equate our current economic malaise to that of the Great Depression, with even the most optimistic observer conceding that many businesses—perhaps even some within the legal profession—facing steep odds of surviving the fallout unscathed. Though never a pleasant subject, given our current turmoil, it is important for firms to understand how to identify triggers of internal financial trouble, along with essential and immediate levers of recourse. This session asks a seasoned panel of business leaders to opine on both short- and long-term resources that can help firms stave off or survive a worst-case scenario of collapse.
Steve Blundell, Head of Acritas Advisors, Thomson Reuters
Cecy Graf, Chief Financial Officer, Stoel Rives LLP
Michael P. Kiskinis, Chief Operating Officer, Hinckley Allen LLP
Trevor Varnes, Chief Financial Officer, Perkins Coie LLP
2:45 PM EDT
Sunrise, Sunset: Changes to Professional Staffing Models
In recent years, evolving client needs and the advent of new professional job roles have yielded a steady evolution in law firm staffing models and overall organizational structure. Yet as the bull makes way for a belligerent and recalcitrant bear, firms are reframing professional staffing ratios under the very real possibility of continued fiscal strain. This session explores changes to business staffing models and how leadership is using such unprecedented tumult to conserve business capital and reimagine law firm staffing in a COVID-tinged market.
Paul Camper, President, Camper Consulting LLC
Joe Blackwood, Senior Analyst, Market Insights and Thought Leadership, Thomson Reuters
Jon P. Kanter, Chief Financial Officer, Goodwin Procter LLP
Nolan W. Kurtz, Chief Operating Officer, Buchanan Ingersoll & Rooney PC
Sang J. Lee, Co-Founder and CEO, Thine
4:00 PM EDT
Bold Engineering: Innovations in Law Firm Pricing Models
As global business continues to recover from prolonged inactivity, law firms are reinventing their value proposition through flexible, creative, client-centric pricing models emblematic of a market transformed. Clients need law firms to be more agile and efficient than ever, especially when slashed legal budgets and leaner staff headcounts appear par for the course. This closing discussion offers an important opportunity for law firm leaders to discuss emergent pricing methodologies and client feedback in the modern legal services landscape.
Tim Batdorf, Chief Executive Officer, NextGenLPM
Frederick J. Esposito, Jr., MBA, CLM, Chief Operating Officer, Rivkin Radler LLP
Shonette R. Gaston, Chief Operating Officer, Robins Kaplan LLP
Keith M. Maziarek, Director of Pricing and Legal Project Management, Katten Muchin Rosenman LLP
Michelle R. Weber, Chief Operating Officer, Bilzin Sumberg LLP
5:30 PM EDT
Virtual Wine Tasting
The Thomson Reuters Institute is pleased to host a festive virtual wine tasting and sommelier experience for registered law firm attendees, sponsored by First American Equipment Finance. Participation is limited to the first 60 guests. Please see registration for more details.
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