At the recent, excellent Law 2030, Vijay Govindarajan observed, “There is only so much Six Sigma you can do.” Despite my affinities, I concur. Low baselines can have an outsized impact on the efficacy of interventions—but then baselines stop being low.
Consider buying a car with an eye towards better gas mileage.
Which technological leap saves more gas? Improving a car’s miles per gallon (i) from 10 mpg to 20 mpg or (ii) from 20 mpg to 100 mpg?
Put another way, from the perspective of gallons saved, what is the ‘bigger improvement’ (i) +10 mpg/2x or (ii) +80 mpg/5x?
Since I’m asking the question, you already surmised the answer is counter intuitive:
One simple takeaway is that once you cut something in half, there is nothing you can do, save eliminating it entirely, that will ever again deliver the same raw level of improvement.
In the legal context, for example, we have good reason to accelerate contract review. Start with a standard review that averages 20 minutes and reduce it by 60% through basic interventions (harmonized templates, checklists, playbooks, deviation matrices, etc.). You save 12 minutes per contract. Next, throw on some razzle dazzle AI that reduces average review time by another 60%. You save less than 5 additional minutes. That’s not nothing, especially with large volumes. But it comes at a cost, including the opportunity cost of addressing other chokepoints, constraints, and rate-limiting factors.
Continue Reading The Limits of Incremental Improvements
Using Machine Learning, Artificial Intelligence, and Natural Language Processing to hold a conversation might seem like a far off idea when it comes to the legal industry, but it is not. We sit down with Baker Hostetler’s Katherine Lowry, and Puerto Rico defense attorney Diego Alcala to get a better understanding of how chatbots work, and what value they can bring from legal practices ranging from BigLaw Bankruptcy practice to a solo attorney’s criminal law practice.
Katherine Lowry won the American Association of Law Libraries’ Innovation Tournament in 2018 with her attorney-facing chatbot. In the nearly two years since that recognition, she has created a chatbot for her Bankruptcy practice that answers thousands of potential questions and helps her attorneys find information quickly and frees up her researchers’ time for more complex questions.
Diego Alcala is working on chatbots which will assist him in his practice by answering basic questions that family members need to know about the clients he is representing. While Diego is not a programmer, he has learned the concept of chatbots through numerous platforms that allow for those with no coding skills to still create powerful chatbots to answer practical questions.
Listen in and see if the ideas shared by Lowry and Alcala spur any ideas of how automating a conversation might help you in your practice.
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SpotifyThere’s another bill in Congress that creates a FREE PACER! Congressman Hank Johnson, D-GA, is not stopping there. He is also requiring more transparency in the Federal Courts by requiring audio and video recordings are made available of court proceedings. While the bill creates a FREE PACER for most, there is a surcharge for power users who have $25,000 or more in quarterly usage. That means some BigLaw firms will have to pay that surcharge.
Continue Reading The Geek in Review Ep. 70 – A Chat About Chatbots and The Law With Katherine Lowry and Diego Alcala
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Greg got to drop in on a Houston Young Lawyer Association meeting for First-Generation Lawyers on the topic of lawyer recruiting. The meeting was great, but the biggest impact was made by a question a minority law student was asked on why his experience as a person of color would bring value to the firm. Is that something a firm should even be asking?
Marlene geeks out over Evan Parker’s article on How to Talk Data and Influence People, Including Lawyers. This dovetailed nicely with our guests’ discussion on presenting the information in a way that tells a story and presents information in a way that is understandable by the reader. Data analytics is just another method of communicating. The trick is communicating in a way that actually makes sense and informs.
January was a busy month on my LinkedIn. Birthday and a work anniversary. The automatic notifications prompted some splendid exchanges with old friends. And I received a few questions worth answering more publicly.
Where you been?
Working. Took the new job at the beginning of 2019. It was exciting at the time. Even more exciting
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While we may have had a tough time pronouncing things correctly, this week’s guests said all the right things when it comes to being a leader within their organizations. Laura Toledo, Communications and Marketing Manager at Nilan Johnson Lewis PA in Minneapolis, and Kevin Iredell, Chief Marketing Officer at Lowenstein Sandler LLP in New York, discuss their year-long experience in the SmithBucklin Leadership Institute. Both are leaders within the Legal Marketing Association, which sponsored their attendance at the institute. While people in leadership positions may feel that they need to have all the answers, Toledo says that she learned it is okay to be patient and learn more about the situation before just going with her gut reaction. Iredell stressed that the key to being a great leader is making sure that you’ve given those who report to you all the tools and support they need in order to succeed. The Institute brings together leaders from different industries and helped both of our guests understand that the legal industry does not have a monopoly on stressful situations and the need for solid leadership. Take a listen, and learn more from their LMA article, “Leadership That Pays it forward.”
Apple Podcasts | Overcast | SpotifyGreg points to a recent TED talk article from Tomas Chamorro-Premuzic called “Why do so many incompetent men become leaders? And what can we do about it?” The article and video are about as harsh as the title implies. While Chamorrow-Premuzic takes liberties at the expense of men, pointing out that the traits of bad leaders skew toward men, the traits of a good leader do not have a gender bias. We have a tendency to value confidence over competence, narcissism over humility, and the belief that leaders can do anything rather than know their limitations. This inspiration dovetails nicely with our guests today.
Continue Reading The Geek In Review Ep. 64 – The Leadership Journey with Laura Toledo and Kevin Iredell