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Innovations in Legal KM

Innovations in Legal KM

Author: Harry Lawrence
Publisher: Ark Group
ISBN: 9781783583126
Published In: December 2017
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

HKD 1,981.70

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The discipline of knowledge management (KM) continues to evolve along with our ability to record larger and more varied kinds of information than ever before. Since its inception in the 1990s, it has passed through several stages, quickly becoming a credible field, and now an integral part of major businesses worldwide. Now, many have started to argue that KM is undergoing resurgence, possibly even transforming into KM 3.0, thanks to developments in artificial intelligence (AI). And, while AI has been around for many years, it has become a buzzword in the industry as questions loom over what it could mean for the labor market of the future.

Adoption has been relatively slow in the legal profession, owing in part to its conservative nature, individual-focused training and no real incentive to overhaul the hourly billing model1. When in-house legal teams can exceed 1,000 people, sharing and reusing knowledge can easily become inefficient, with counsel often needlessly paying for the same research twice. Global intelligence software leader Comintelli estimates that $8.5 billion per year is lost between Fortune 500 companies alone on poor KM2, up from $31.5 billion in 20043, suggesting a recent rise in the number of firms embracing the concept.

Despite this, there are still challenges posed to the legal world, and sharing insight is more vital than ever, not only within companies but between them. Innovations in Legal KM explores the endeavors of various legal firms – the problems they have faced, and the solutions they have developed – to improve their KM processes, and, ultimately, their bottom line.

1. Measurement of KM projects – a practical guide for busy people - Hélène Russell

2. How to optimize your research dollars - Oz Benamram

3. The mechanics of law firm profitability: people, process, and technology – using knowledge management to increase firm profitability and pricing predictability - Jack Bostelman/Chris Boyd

4. Our “small” project with a big impact – Littler’s Knowledge Desk - Cynthia Brown

5. Emerging approaches to information services – library and knowledge management – a good fit - Mark Gediman

6. Collaboration – how to bring lawyers out of their silos and generate value for clients - Andrea Miskolczi

7. Lawyer-led KM in smaller firms - Harriet Creamer

8. Matter-centric knowledge management - Cyndi Murphy

9. New organizational value brought about by AI technologies - James Loft