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Hello from the Future, Seven Trends Changing Law Practice Forever
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Matthew Homann
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A presentation from the Alaska ALA conference on the future of law practice.
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Hello from the Future, Seven Trends Changing Law Practice Forever
1.
Hello from the
Future Seven Trends Changing Practice Forever by Matthew Homann LexThink LLC
2.
3.
r.
ye l aw a be u ld s ho o u Y
4.
LexThink
.com innovation: for lawyers
5.
@MattHomann
6.
www.nonbillablehour.com
7.
Shiny shiny syndrome.
8.
The one thing that’s
changing in law practice is: everything.
9.
The future is
already here -- it’s just not evenly distributed. -William Gibson
10.
The predictions that seem
most correct are almost certain to be wrong. - Ray Kurzweil
11.
Most people are
more comfortable with old problems than with new solutions. - Charles Brower
12.
All truths are
easy to understand once they are discovered. - Galileo Galilei
13.
Why are lawyers
so bad at predicting the future?
14.
The practice of
law depends upon precedents. The business of law does not. © Matthew Homann 2010 All Rights Reserved
15.
Just because nobody is
ready for it doesn’t make it less likely to happen.
16.
Leaders have too much invested
in the present to prepare for the future.
17.
Ready to party like it’s
1999? © Matthew Homann 2010 All Rights Reserved
18.
One thing we know
is the future isn’t ... © Matthew Homann 2010 All Rights Reserved
19.
Don’t be chicken.
20.
Things change faster than
we expect. © Matthew Homann 2010 All Rights Reserved
21.
22.
© Matthew Homann
2010 All Rights Reserved
23.
Clients have less attention to
pay than ever before.
24.
Access to information
is now instant.
25.
#7
26.
Legal work will be
priced, not predicted.
27.
Lawyers rarely sell what
their clients are buying. © Matthew Homann 2010 All Rights Reserved
28.
Time is not
a valid metric.
29.
Firms Negotiate Value, not
on Price
30.
#6
31.
Client-focused metrics
will matter more
32.
Clients will
dictate the measurements and monitor them in real time.
33.
#5
34.
Legal projects are managed
by managers & lawyers are managed like employees.
35.
36.
Managers manage to results
not time spent.
37.
#4
38.
Service Matters.
39.
40.
The ratings economy
drives client decision making.
41.
Client surveys happen in
real time.
42.
Listening well becomes a
core competency.
43.
#3
44.
All work
becomes commoditized.
45.
#2
46.
The dawn of the
irrelevancy of lawyers.
47.
Clients demand the
keys to the knowledge machine.
48.
#1
49.
Young Lawyers Dissappear.
50.
What can I
do?
51.
52.
LexThink
.com innovation: for lawyers
53.
@MattHomann
54.
www.NonBillableHour.com
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