The 2020 Law Firm Financial Performance Forum Cost Consciousness in an Interrupted Economy

Event Details

Oct 28, 2020

10:00AM - 5:00PM

New York, NY

Complimentary for 19th Annual Law Firm COO & CFO Forum Attendees (Law Firms Only)

The Law Firm Financial Performance Forum is a half-day, interactive program that brings together law firm executives for a series of group-driven workshops on topics germane to law firm financial and operational management. Topics vary year-to-year, but will routinely feature both esteemed law firm executives and a select group of experienced law firm clientele.

For the first time in its history, our program will be offered as an immersive, virtual experience alongside this year’s 19th Annual Law Firm COO & CFO Forum.

Registration is complimentary to qualified participants at the 19th Annual Law Firm COO & CFO Forum.

 Please contact lei@thomsonreuters.com with any questions.

Why You Should Attend

  • This forum is a timely and interactive workshop designed for and by law firm executives interested in the financial management of the organization
  • Attendees will roll up their sleeves and participate in peer-driven activities focused on collaborative expertise and business leadership
  • Attendees will gain unparalleled access to--and hear valuable feedback from--legal clients from across leading industries

    Who Should Attend

  • Law Firm Chief Operating Officers
  • Law Firm Chief Financial Officers
  • Law Firm Executive Directors
  • Law Firm Managers & Senior Business Professionals
  • Event Co-Chairs

    Justin Cheseroni

    Chief Financial Officer, Morris, Nichols, Arsht & Tunnell LLP

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    Brent Turner

    Manager, Peer Monitor, Thomson Reuters

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    Event Details

    Wednesday, Oct 28

    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.

    Presenter:
    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.

    Presenter:
    Barry Steel, Senior Vice President of Sales, CoreTech Leasing

    12:00 PM EDT
    Opening Remarks
    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.

    Presenter:
    Michael D. Short, Principal, LawVision

    1:05 PM EDT
    Break
    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.

    Moderator:
    Steve Blundell, Head of Acritas Advisors, Thomson Reuters

    Panelists:
    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

    2:25 PM EDT
    Break
    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.

    Moderator:
    Paul Camper, President, Camper Consulting LLC

    Panelists:
    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

    3:45 PM EDT
    Break
    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.

    Moderator:
    Tim Batdorf, Chief Executive Officer, NextGenLPM

    Panelists:
    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

    5:00 PM EDT
    Conclusion
    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.

    Tim Batdorf

    Chief Executive Officer, NextGenLPM

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    Joe Blackwood

    Senior Analyst, Market Insights and Thought Leadership, Thomson Reuters

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    Steve Blundell

    Director, Advisory Services, Thomson Reuters

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    Paul Camper

    President, Camper Consulting LLC

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    Frederick Esposito, Jr., MBA, CLM

    Chief Operating Officer, Rivkin Radler LLP

    View Faculty Page
    Shonette Gaston

    Chief Operating Officer, Robins Kaplan LLP

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    Cecy Graf

    Chief Financial Officer, Stoel Rives LLP

    View Faculty Page
    Tom Jones

    CEO & President, Iridium Technology LLC

    View Faculty Page
    Jon Kanter

    Chief Financial Officer, Goodwin Procter LLP

    View Faculty Page
    Michael P. Kiskinis

    Chief Operating Officer, Hinckley Allen LLP

    View Faculty Page
    Nolan Kurtz

    Chief Operating Officer, Buchanan Ingersoll & Rooney PC

    View Faculty Page
    Sang Lee

    Co-Founder and CEO, Thine

    View Faculty Page
    Keith Maziarek

    Director of Pricing and Legal Project Management
    Katten Muchin Rosenman LLP

    View Faculty Page
    Barry Steel

    Senior Vice President of Sales, CoreTech Leasing

    View Faculty Page
    Trevor Varnes

    Chief Financial Officer, Perkins Coie LLP

    View Faculty Page
    Michelle R. Weber

    Chief Operating Officer, Bilzin Sumberg LLP

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    Accreditation

    New York Marriott Downtown

    85 West Street
    New York, NY 10006
    212.385.4900

    More Info

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