Why Not Us?.

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Presentation transcript:

Why Not Us?

“There is nothing permanent except change” Heraclitus

Change is accelerating

and the volume is increasing

In the time it takes to read this sentence... more than 20 million emails will be sent and received In the time it takes to read this sentence, more than 20 million emails will be sent and received globally.

2016 7.2 billion transistors on a Xeon processor The number of transistors per square inch on integrated circuits has doubled every year  1976 6,500 transistors on a 8086 processor

Filed Chapter 11 in 2012 Founded in 1888

2005 Revenue Mac Other* iPod https://youtu.be/FF-tKLISfPE *Other = Printers, software and other accessories

2005 Revenue 2015 Revenue iPad Mac Mac App Store iPhone Other* Other* iPod Other* 2005 Revenue App Store iPhone iPad Mac Other* 2015 Revenue https://youtu.be/FF-tKLISfPE *Other = Printers, software and other accessories

For a long while, there was little change in legal services

“Axiom is a leading provider of tech-enabled legal services “Axiom is a leading provider of tech-enabled legal services. With over 1,500+ employees across 3 continents, we experience a nerdy excitement from improving the way legal, compliance and contracts work is done.”

An increasing number of law firm leaders believe first-year associates and paralegals could be replaced by a “Watson”-type computer with artificial intelligence in the next five to 10 years. Watson is an IBM product described as a “cognitive computing” system. http://www.abajournal.com/news/article/will_associates_be_replaced_by_watson_computing_35_percent_of_law_firm_lead

http://www.rossintelligence.com/ Meet Watson.

“Clients, corporate and individual, notice (and judge) when their lawyers cannot encrypt email when needed, cannot answer questions quickly because they have to go dig the answer out of paper files and do not seem to appreciate or even understand the role of technology-based information sharing today.” Jim Calloway Director, Management Assistance Program Oklahoma Bar Association

“You’ve got to start with customer experience and work backwards to the technology. You can’t start with the technology then figure out where you’re going to sell it.” Steve Jobs, 1997 https://youtu.be/FF-tKLISfPE

Only 10 percent of in-house attorneys surveyed want the lowest price possible. Altman Weil

% Drivers of Clients’ Assessment of Service Performance Source: Beaton Benchmark 2014

“ It may be hard for an egg to turn into a bird: it would be a jolly sight harder for it to learn to fly while remaining an egg. We are like eggs at present. And you cannot go on indefinitely being just an ordinary, decent egg. We must be hatched or go bad.” C. S. Lewis

Are We Equipped To Do This? We are efficient We are client-focused We team well We support new initiatives

Why Not Us?