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Archive for the ‘Law Firm Client Service’ Category

Valorem Lawfirm lives up to its “value” name

Monday, September 26th, 2011

By Amazing Firms Amazing Practices, Gerry Riskin.

An article in this month's Corporate Counsel Magazine has the spotlight on Valorem and for good reason. 

Author Susan Hansen says:

Valorem… now boasts a list of big, brand-name clients, including funeral industry giant Service Corporation International; national shoe retailer DSW Inc.; Veolia Water, a supplier of water and wastewater management services; and the online travel site kayak.com.

and later in the article reports::

…clients definitely like the fact that Valorem is more than willing to work out fee arrangements that are at least partially tied to the results they produce. Case in point: a major lease dispute that Valorem is currently handling for DSW that is headed for trial in Los Angeles this fall. As part of its agreement, the company has been holding back 20 percent of Valorem’s billings, with the final payout to be determined by how well the firm meets mutually defined success metrics in the case.

Punchline:  in a world where firms and clients are talking a lot about alternate fees (AFA), Valorem and its clients are innovating with imaginative fee and billing solutions that truly are win/win, and I say BRAVO !  Managing Partners of all firms intent on surviving would do well to analyze and understand Valorem's approach.

 For the full article, click on the image.

Disclosure:  I have the honour of serving on Valorem's Advisory Board

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Angry Birds help with best practices in one of India’s most sophisticated law firms

Monday, July 4th, 2011

By Amazing Firms Amazing Practices, Gerry Riskin.

I received this correspondence from Hoshedar Wadia, a partner in one of India’s most sophisticated law firms, Juris Corp.  This firm deals in matters that range up to the hundreds of millions of US dollars in sophisticated areas like Capital Markets, Structured Finance, Securitization and so on.  In the spirit of disclosure, I have had the privilege of serving this firm.  Do you believe the protocol contained in the following correspondence could serve your firm as well?

"We just shared something with our new recruits as part of their orientation and I thought I would drop you a line cause you have used examples like this very effectively in the past with us.
 
"There is a game ‘Angry Birds’ that I have on my mobile that is available for PC download as well.
 
"You have to shoot birds at structures (and at a pig) and make points to go to the next level. Each level is tougher and there seem to be an unlimited number of levels. At each level, you can try any number of times. But in the version available on my phone, after 2 attempts (and failures), it asks me if I want to connect to the internet and see how it is done (on you tube). If you view the link, the task suddenly becomes easier (not easy – but significantly easier).

"Message:
"Like angry birds, in Juris Corp too:
"(i)         Please try for yourself to get the results – try once try twice but if you don’t get it by then then seek help (ego and stubbornness have little place in a knowledge-based industry);
"(ii)        The reason you must try yourself is because you may come up with a better way of doing something than the internet or ‘online help’ version will show you;
"(iii)       The reason you must take help after a few tries is because you owe the Firm and the Client, if any, (a) a quick turnaround (so it is not acceptable that you try and try and try till you succeed); (b) best costs (which means you don’t re-invent) – but always subject to you trying first on your own (the reason you are in Juris Corp is because somebody believes you may find a better way);
"(iv)      Look at the online version/precedents, even if you succeed – to see if it could have been done better?
(v)       Learn and adapt – the higher levels will always require you to draw from what you have learnt at the lower levels."

Punchline: Too many partners throw their associates to the research and protocol winds with a sink or swim attitude.  This policy deprives both associates and clients of what they deserve.  I think Juris Corp has it right and I am grateful to my friend, Hoshedar Wadia (Juris Corp partner), for granting me permission to share this with you.

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Finding Success in a Global Paradox (Keynote ALPMA Sydney 22 Oct 2010 — Password Protected — registered participants only)

Sunday, October 24th, 2010

By Amazing Firms Amazing Practices, Gerry Riskin.

 

Download by clicking on image or HERE  Registered participants were provided with Password in session.

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Around the World Speaking Tour (Gerry Riskin — Edge International)

Thursday, September 23rd, 2010

By Amazing Firms Amazing Practices, Gerry Riskin.

SEPTEMBER 2010

September 24th, 2010
ADR Institute of Canada National Conference September 23-24, 2010
Plenary Session: Optimal Marketing for ADR professionals
Workshop: Effective Marketing for ADR professionals
Calgary, Alberta

OCTOBER 2010

October 9th, 2010
Fordham Law School (for Prof Silvia Hodges)
Guest Lecture: Law firm management: Strategy
New York, New York

October 14th, 2010
(with Nicole Auerbach a— Valorem Lw Firm))
Making Alternative Fees Work in Litigation: How to Approach and Craft AFAs
Virtual Program… webinar: Find out how to incorporate AFAs for your litigation matters, and how to avoid the many pitfalls that can arise along the way in this information-packed audio conference. During this 75-minute program, our expert faculty will present best practices for approaching, crafting and implementing these highly sought-after engagements.
Information & Registration

October 22, 2010
ALPMA summit
Keynote address:  Finding Success in a Global Paradox
Sydney, Australia
Information & Registration
 
NOVEMBER 2010

November 4th, 2010
Chief Legal Officer Forum, Public Sector
Auckland, New Zealand


November 5th - 7th, 2010
Plenary Session: Future Firm Forum 2010
The Management Imperative
Tongariro Lodge at the south end of Lake Taupo, on the North Island of New Zealand
Information & Registration

November 11th - 14th, 2010
(with Edge partner, Juhi Garg
GROWTH STRATEGIES 2015
LAWASIA 2010 Conference
The session will describe how Asian law firms can prepare for a flourishing economy including strategies and processes required to fuel growth both organically and inorganically.
New Delhi, India
More Information

 

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Welcome to Edge International, Pam Woldow !

Thursday, September 2nd, 2010

By Amazing Firms Amazing Practices, Gerry Riskin.

My Edge International partner, Jordan Furlong, has done a nice welcome piece on Pam Woldow already (at his Law 21 blog) but I thought I would echo that Edge International is so very proud and delighted to have her on board.

Also, thank you to friends who have joined us in congratulating Pam, like Valorem's awesome founder, Pat Lamb, who expressed delight in his In Search or Perfect Client Service blog post.

Those of you who know Edge International well can be assured that we are intent on growing in strength and capabilities.

Please make sure you follow Pam's new Blog, At The Intersection, for her continuing wisdom and counsel. 

Stay tuned.

 

 

 

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Will the Legal Profession Use the World’s First Temporal Analytics Engine?

Friday, August 20th, 2010

By Amazing Firms Amazing Practices, Gerry Riskin.

I met virtually with Recorded Future this morning for a close up briefing of how their Temporal Analytics Engine might be used by law firms.  Firms who use this can better predict the needs of their own clients and prospective clients as well.   There is so much more that this technology can do if used effectively, including monitoring the industries that a firm serves now and perhaps should serve in the future.

How often does a potentially powerful competitive weapon come along for the legal profession… and, more importantly, will law firms recognize it when they see it?

 

 

 

 

 

 

 

 

 

 

 

Recorded Future, the world's first Temporal Analytics Engine, is a new predictive analysis tool that allows you to visualize the future, past or present.

Start by reading their blog post today Law Firms and Recorded Future.  Then sample their video explanation on their home page

My Prediction:  Very few law firms will do an exemplary job of exploring this technology.  Those who do will likely meet considerable resistance internally from those who are slow to trust technology and especially revolutionary technology.  I am completely OK with that. 

What excites me: is that a few law firms that see the true potential of this technology and will use it in imaginative ways.  At Edge International, our core business is helping clients who are committed to achieving competitive advantage.  You can bet we will be exploring this with our clients, and maybe some prospective ones as well.

 

Originally posted at Amazing Firms Amazing Practices. Please visit http://www.gerryriskin.com/.

Thank you Arnie Herz(Legal Sanity Blog) for interview

Wednesday, May 20th, 2009

By Amazing Firms, Amazing Practices, Gerry Riskin.

 

My good friend Arnie Herz (Lawyer and Consultant) was kind enough to interview me for his blog:

 

the legal sanity mentor: gerry riskin

 

Originally posted at Amazing Firms, Amazing Practices. Please visit http://www.gerryriskin.com/.