Keeping your Counsel in the Technology domain: A Practical Guide

Tyson WienkerManaging Director, Greater China

Introduction

Introduction

A short introduction…

• Managing Director of LexisNexis Greater China• Responsible for leading all areas of the business and developing strategies to

expand the adoption of online and digital information-based services and solutions• Supporting and fostering innovation is high on my agenda• My tenure with LexisNexis extends to almost 10 years, working in the Sydney, New

York, London and Hong Kong offices. • Most recently, I served as Executive Director, Strategy & Product Development of

LexisNexis Asia Pacific • Prior to joining LexisNexis, I worked with the Australian Defence Industry in

business development and project management.

“At the heart of the discussion is the role of technology and strategic thinking in law firms to

re-engineer how things are done and, in particular, how we can make operations quick

and trackable, predictable and efficient.”

William Robins, Keystone Law Partner & COO (UK)

Automation

Efficiency and ROI

Profitability

Technology

“Lawyers resisted faxes and emails in the 1990s just like we now resist

Sykpe and the cloud today. In fact, we wear our resistance to

change as a badge of honour, something of which to be proud. But,

as the Borg say, resistance is futile.”Mitch Kowalski, author of Avoiding Extinction:

Reimagining Legal Services for the 21st Century

The 2008 GFC upended the legal industry where century-old models upon which law firms have traditionally been based no longer ‘works’ for clients. They have begun looking at alternatives and demanding more.

The seismic shift

Driving change

Simply put, BigLaw has given way to NewLawAt the crux of this is that you are expecting lawyers to add value – or what legal expert, Richard Susskind calls the ‘more for less challenge’

To meet these needs, lawyers have had to adapt and evolve where traditional indicators of performance are becoming relics of the past.

2014 LexisNexis Roadshow Research

Study: GlobalWebIndex with WeAreSocial

People going online increases exponentially year-on-year

Online spending is on the rise due to mobile usage

Deliver more for less, faster

Be a step ahead

Global, matrix structures

Complex regulatory environment

The trend of ‘NewLaw’ is a driving factor for changes in your role and value proposition as a Corporate Counsel

Percentage of annual revenue being reinvested into productivity improvements for the financial year ending 2015

To create solutions for youTo increase your ROI and save

you time and money

The products that we’ve rolled out that can help you include:

Practical Guidance Lexis Red

CounselLink Lexis Drafting

At LexisNexis, we are all about harnessing and optimising technology

Practical Guidance is a dynamic tool, which, like the evolving landscape, continually updates so that the solutions we offer

are not static, but cutting-edge.

Allows you and your team to practice with confidence and consistency of process and standards

Team consistency

Which ensures that you get the most relevant results first, improving your efficiency

Enhanced search function

Content is always kept up-to-date with the latest regulatory changes, allowing you to focus on business outcomes rather than time-consuming document updating

Draft with confidence

Seamless links to key laws and cases from Lexis® Hong Kong reduce drafting and research time

Verify sources and research alternative clauses in one click

Effectively triage matters and take on more work in-house, so you can spend more time on strategic work

Delegate with confidence

Impress your stakeholders and demonstrate value with improved productivity and fast turn-around times

Demonstrate value to your organisation

As a Corporate Counsel, you’ll experience…

Clear, concise, and to-the-point explanations of the law with links to supporting legislation, case law and expert commentary

Practice notes

Comprehensive model contracts with alternative clauses customised for different scenarios

Precedents with Alternative Clauses

Clause-by-clause notes detailing the implications of particular clauses and alternatives

Detailed Drafting Notes

Which ensures that you stay current on the latest industry news without having to constantly search websites or a variety of resources

News Analysis

Which seamlessly links you to cases, legislation, commentary and valuable legal resources to streamline matters

Cross links to Lexis HK®

Snapshots of complex legal processes explained in graphical format

Checklists and Flowcharts

LexisNexis Red, is a digital looseleaf servicewhich centralises multiple titles as well as your annotated notes

– enabling you to house all this information in one device.

LexisNexis Red

A weightless digital solution:• You don’t have to carry

heavy tomes to court or to meetings

• Save on shelf-space

Easily customise your referencing between interfaces:• Reliable• Efficient• Versatile

Access your digital library and notes round the clock:• Operates offline• Quickly reference in real

time and with confidence

LexisNexis RedLexisNexis Red

Well show it to them!!!

CounselLink

CounselLink is a platform which enables you to manage all your matters which relate to legal spend, from one central information repository.

CounselLink has specific features to process legal invoices differently from standard corporate bills, and also gives you an auditable invoice review process that will stand up to external or internal compliance requirements.

You'll discover even more savings, insights and hidden value

CounselLink offers various Enterprise Legal Management tools to help control spending and drive legal department results and outcomes. Key highlights include Matter Management and Legal Spend Management.

Matter Management

The Matter Management tool gives you 100% visibility over your corporate legal matters. You can be sure that the mission-critical work of your corporate legal department is heading towards the best possible outcome.

It gives you a powerful vantage point to look at your key activities:• Focus in on one specific matter (whether its being handled internally or by external

counsel) • Look across all matters to determine relationships, trends and the cost elements

associated with your department’s efforts.

Legal Spend Management

Legal Spend Management enables you to implement a comprehensive e-billing capability to track, manage and understand every dollar of your legal spend so that you can make better decisions.

It enables you to prune your costs and exercise control over say, how much your panel of external counsel are spending.

Lexis Smart

When you spend at least 50% of your day drafting documents, wouldn’t you want tools to make you more efficient, accurate and consistent?

Save time and money

Cut down time spent drafting, opening opportunities to build your business and operate efficiently.

Assists staff to take on more matters, promoting productivity while increasing business profit.

Enhance reputation and deliver superior service

Masterfully crafted best-in-breed precedents help you produce accurate and reputable output to satisfy your stakeholders.

Improve productivity

What is document assembly? A new technology that simplifies drafting in 3 easy steps:

The time for new technologies in the workplace in Hong Kong is now

“Asia is not immune to the changes stretching across the globe.”Mitch Kowalski, author of Avoiding Extinction: Reimagining Legal Services for the 21st Century