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A Look at Client-Side AI-Powered Legal Spend Analytics Tools
More and more clients are now relying on very sophisticated, often AI-powered analytics tools—from both startups and legacy providers—to better understand and benchmark their legal spend. Most of these tools provide real-time monitoring and better information for setting budgets, alternative fees and negotiating with outside counsel. Some go a step further and leverage anonymized data to provide detailed benchmarks. Clients who use these tools are often ahead of their firms in understanding what legal work can—and should—cost.

We’ll cover what tools are being used, what kind of data is being analyzed, and the benefits and risk factors associated with leveraging these sophisticated tools and frameworks effectively. The discussion will help firms best position themselves to meaningfully engage in conversations where clients are referencing this data, and give some visibility into the way legal operations executives are approaching the challenging task of rationalizing legal spend.

This session will be led by Brad Blickstein, who is an authority on legal ops and publisher of the new Legal AI Efficacy Report, which provides analysis on a number of these tools. He will be joined by legal ops professionals, who use these tools to better understand their legal spend.

Learning objectives:
• Understanding the AI behind these legal spend analytics tools
• Develop the use cases for AI-powered legal spend analytics tools, as presented by actual users
• Identify the pros and cons of sharing anonymized data for benchmarking

Panelists:
Brad Blickstein, Principal at Blickstein Group and Partner and Co-Head, NewLaw Practice Group at Baretz+Brunelle
Arun Mistry, Vice President, Legal Operations at Providence St. Joseph Health
Brad Rogers, Chief Operations Officer and Chief of Staff - Law, Gov't Relations, Reg Affairs, and Corp. Secretary, TIAA

Jul 22, 2020 12:00 PM in Eastern Time (US and Canada)

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Speakers

Brad Blickstein
Principal at Blickstein Group and Partner and Co-Head, NewLaw Practice Group at Baretz+Brunelle
Legal industry strategist, advisor and futurist responsible for initiatives which have helped to change the legal services industry, including the Annual Law Department Operations Survey and Corporate Legal Times, and in 2019 the Legal AI Efficacy Report. Principal at Blickstein Group with missions to help legal service providers better understand and serve client needs and to provide cutting-edge information about legal technology, law departments and legal operations. As partner at Baretz + Brunelle and co-head of its NewLaw practice group, Brad educates clients on the industry’s evolution of legal services and their consumption, and positions them for success by developing novel products, systems and solutions, modernizing the delivery of legal services. Publisher of the Annual Legal Spend Survey and a regular columnist on the topic for both Above the Law and Legaltech News. Brad conceived of and is project editor for National Law Journal’s Trailblazer series.
Brad Rogers
Chief Operations Officer and Chief of Staff - Law, Gov't Relations, Reg Affairs, and Corp. Secretary @TIAA
Responsible for transforming entire legal function. Includes operating model, staffing plan, technology roadmap, vendor management (including offshore and outside counsel) and employee culture & engagement. Also; budget and financials, staffing, and operations. The scope is for; Law, Compliance, Government & Regulatory Affairs, Corporate Secretary at TIAA. TIAA is a Fortune 50 Global Financial Services firm headquartered in New York City.
Arun Mistry
Vice President, Legal Operations @Providence St. Joseph Health
A self-motivated and entrepreneurial business operations leader with more than 20 years’ experience working with legal professionals, both in-house and in private practice. Excels at developing and implementing long term business strategies. Highly skilled at idea generation and translation into effective go-to-market strategies. A personable and resourceful leader expert at building strong, long-term relationships with clients and internal teams to achieve solutions/results.