Adam L. Stock Co-Chair, Coding Committee, LMSG Chief Marketing Officer, Allen Matkins

Mission: building “SKUs” for legal services

Mission: building “SKUs” for legal services Labor & Employment Wage & Hour Class Action LEM-EMP D-CCD(CLA) USA-NY-NY MN7372 Area of Law/ Practice Labor & Employment Product / Process Dispute/ Civil Court Proceeding (Class Action) Jurisdiction of Matter New York, NY Industry / Market High Technology/ Software For illustrative purposes only. Standard is not complete.

Marketing / Experience Management Project Management / Efficiency This effort is being driven by the need for a common vocabulary across disciplines Pricing / Value Marketing / Experience Management Project Management / Efficiency

Provides value to all stakeholders Consumers (companies/clients) Providers (law firms) Business Partners (solution providers) Procurement Ability to provide more standardized RFPs Ability to provide more sophisticated RFP responses Ability to build systems to support procurement Pricing Standard way of describing legal services / products / processes Ability to share standardized data between consumers and providers Project Management Ability to quantify efficiency when procuring services Ability to differentiate and communicate provider value Ability to support better collaboration between consumer and provider  Coding system provides a common vocabulary for delivering value

Typical scenarios for law firms Marketing What experience does your law firm have in providing these services? Matter Staffing Which time-keepers have the expertise we need? Pricing What are the budgets and potential pricing options for the requested services? Project Management Is the matter appropriately staffed? Is the matter on budget?

Goals for pricing/procurement codes Open free and available to all stakeholders Industry-driven managed by an independent non-profit industry organization Hierarchical will have multiple layers of specificity Extensible defined way to extend codes to meet the proprietary needs of stakeholders Practical will come with associated sample implementations of user interfaces and encodings

The LMSG is an independent organization backed the following groups: Active participation by

Estimated timeline Initial code set in Q2 2017 Reference implementation (code) in Q4 2017