us legal industry innovation update & impact of design thinking
DESCRIPTION
Recently given to over 150 defense counsel in the insurance defense arena. Includes legal startup funding info - including 2014 to date. Also focus on the rise of user-centric design within the legal industry.TRANSCRIPT
JOSHUA KUBICKI
LEGAL IS BUSINESS
@jkubicki
lawyers
@jkubicki
$274bb
@jkubicki
lawyers
consultants
research
lpo
@jkubicki
lawyers
consultantsed service
lpm
research
lpo
ed software
staffing
@jkubicki
lawyers
consultantsed service
lpm
research
inhouse
lpo
grc
ed software
staffing
smb
consumer
@jkubicki
lawyers
consultantsed service
lpm
research
inhouse
lpo
grc
ed software
staffing
crm
smb
practice tech
consumer
@jkubicki
@jkubicki
$400bb
STARTUPS
@jkubicki
2011 Q2
2011 Q3
2011 Q4
2012 Q1
2012 Q2
2012 Q3
2012 Q4
2013 Q1
2013 Q2
2013 Q3
2013 Q4
0
20
40
60
80
100
120
140
160
012345678910
Millions USD # of Deals
@jkubicki
2011 Q2
2011 Q3
2011 Q4
2012 Q1
2012 Q2
2012 Q3
2012 Q4
2013 Q1
2013 Q2
2013 Q3
2013 Q4
0
20
40
60
80
100
120
140
160
012345678910
Millions USD # of Deals
2012 = 66mm 2013 = 259mm*2821
@jkubicki
2014$150 – 200 million to date
2014$150 – 200 million to date
@jkubicki
Lawyer Matching/Platforms - B2C (focused on business
clients)
@jkubicki
Lawyer Networks/Referral Networks
Legal Jobs, Resumes & Recruiting
Law Practice Management Software/Solution
Document Management
Knowledge Management
Billing - Tracking & Managing Legal Expenses/Time and Entry
Business of Law
Fee-earner & Work Product Augmentation
Staffing - Virtual (B2B)
@jkubicki
Legal Research – Prediction & Visualization
Legal Research - Docket Retrieval & Briefs
Litigation - E-Discovery Software/Solutions
Litigation - case management tools & other tools
Online Dispute Resolution
Legal Services Platform
Document Automation, Intelligence, Assembly
Public Doc Databases & Data Analysis
Subject matter solutions (Tools and services)
Intellectual Property - Tools & Analysis
Legal Information, Advice, Q & A, Forms
Practice of Law
Innovation at Law School
@jkubicki
Rise of the Legal Hack
@jkubicki
SO WHAT
@jkubicki
DeriskedUser-centric vs tech-centric
(system-centric)
Business model changes are acceptable(many corps are changing parts of theirs)
Innovation does not have to be cultural(small bets)
Anyone can design/innovate(no black turtle necks required)
@jkubicki
Value of Design
Feeling the pain
Who Are You?
Suspect opportunity
Do more & ProfitWork Less & Profit
@jkubicki
The Pain
@jkubicki
users
@jkubicki
LEGAL IS
BUSINESS@jkubicki