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Ahead of the Curve

July 2018

PURPOSE

The Professional Development Advisory Committee’s (PDAC) purpose in providing you this communication is to further its goal of periodically sharing topical information regarding the legal industry. Our hope is that one or more of the updates will provide a spark of insight to assist with your work on behalf of ALA as well as within your firm or legal department.


    

"REDUCE PHISHING ATTACKS TO ZERO"

Implement cost effective USB security keys to eliminate hacking into your account.

Read more.

Resource: Ryan Whitwam, Extremetech.com


"LITIGATION DATA ANALYTICS"

This article summarizes the available sources of litigation data: court cases, litigants, experts, filings, outcomes, etc.  A great listing of available resources.

Read more.

Resource: Nicole Black, ABA Journal


"LAW FIRMS IN TRANSITION 2018 REPORT AN ALTMAN WEIL FLASH SURVEY"

"Now in its tenth year, Altman Weil’s annual survey documents the forces reshaping the landscape for legal services and provides insight on how the nation’s largest law firms are responding. 398 firms with 50 or more lawyers participated, including half of the country’s top law firms. 

Key Findings:

  • Change is Everywhere
    Not one survey respondent said the pace of change to decelerate in the coming years. The good ole days are long gone and there’s no going back.
  • Complacency Has Set in at Many Firms
    Partners are underutilized at most firms with almost half of firm not meeting billable hour goals.
  • Most Firms Are Focused on Short-Term Tactical Improvements
    Few firms have not taken full advantage of disruption as an opportunity to run with an innovative set of services to distinguish themselves from competitors.
  • Firms Need to Think More Long-term and Strategically
    Just 38% of firms are actively testing innovation. Look outwardly at ways your firm can improve efficiency and added value for clients in the long run.
  • Partners Are Your No.1 Impediment to Change
    Improving productivity and dealing with chronic underperformance has yielded significant improvement firm profits in 84% of participating firms. In 69% of firms, partners are highly resistant to most change efforts."

Read more.

Resource: Managing Partner Forum


"AN ACCREDITATION SEEKS TO 'PROFESSIONALIZE' LAW FIRM PRICING DIRECTORS"

Law firm pricing professionals have a new way to show partners that pricing advice is worth their time.

Law firm pricing professionals have a new directory and it carries with it an accreditation that a group of industry veterans hope will “professionalize” the relatively nascent role of bringing pricing legal matters.

The True Value Pricing Institute currently lists about 45 pricing pros on its site as having obtained ALPP, an accreditation acronym for Accredited Legal Pricing Professional." 

Read more. (requires free subscription)

Resource: Roy Strom, The American Lawyer 


"THE ETHICAL IMPLICATIONS OF ARTIFICIAL INTELLIGENCE"

Artificial intelligence is transforming the legal profession — and that includes legal ethics. AI and similar cutting-edge technologies raise many complex ethical issues and challenges that lawyers ignore at their peril.

Read more.

Resource: David Lat, Above the Law


"PATERNITY LEAVE ACKNOWLEDGES PET OWNERS' NEEDS"

Pet-friendly policies could translate into employee engagement and retention.

Read more.

Resource: Dr. Larry Richard, LawyerBrain LLC, Managing Partner Forum


"5 KEYS TO EARNING SUSTAINED LOYALTY FROM YOUR EMPLOYEES"

"Companies with a highly engaged workforce outperform those without by 147 percent."

Read more.

Resource: Charlie Brown, SHRM

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PROFESSIONAL DEVELOPMENT ADVISORY COMMITTEE

Jennifer Colwell, CLM, MBA — McGill, Gotsdinger, Workman, & Lepp

Kevin Costello — Holland & Knight LLP

Tammy Cowser, PHR, CP — Foley & Lardner LLP

Lisa Dasher, CLM, CPA, CGMA, Chair — Wicker Smith O'Hara McCoy & Ford P.A.

Rick Hellers — nQueue Billback LLC

Lana McGinnis, CLM, SPHR, SHRM-SCP, Vice Chair — Sturgill Turner Barker & Moloney, PLLC

Teresa Reiner, CLM — Gislason & Hunter LLP

Teresa Walker — Waller Lansden Dortch & Davis, LLP

Stephen Wolf, CLM, CPA — Deutsch Kerrigan, LLP

ALA Board of Directors Liaison to Committee

Michael Bumgarner, CLM, CPA, CGMA — Flaherty Sensabaugh Bonasso PLLC

ALA Liaison to Committee

Patricia S. Carrera, JD, CKM, CPLP — ALA's Sr. Director, Member Experience

pcarrera@alanet.org; 847-267-1252