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INSTITUTE FOR THE FUTURE OF LAW PRACTICE
FUTURE LAWYERS SPEAK DATA
Presenter: Jae Um / @jaesunum
Founder & Executive Director
05.18.2018
$##
my perspective
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
DATA IS
STORY
Copyright © 2018 Six Parsecs LLC. All rights reserved.
COMPLICATED
ECOSYSTEM
+
ACCELERATED PACE
OF CHANGE
=
TRANSLATION
BURDEN
PARTNERS
ASSOCIATES
STAFF ATTORNEYS
CONTRACT ATTORNEYS
PARALEGALS
ANALYSTS
PROJECT MANAGERS
PROCESS ENGINEERS
TECH SOLUTIONS
“THE CLIENT”“THE FIRM”
“STAFF”
FINANCE / HR / IT
MARKETING
PUBLIC RELATIONS
BUSINESS DEVELOPMENT
PRACTICE MANAGEMENT
BIZ/MARKET INTELLIGENCE
PRICING & PROFITABILITY
GC / CLO
DEPUTY / AGC
COUNSEL
EE RELATIONS
CONTRACTS
LEGAL OPS
PARALEGALS
“THE BUSINESS”
THE END USERS?
THE END BUYERS?
????!!!
“IT DEPENDS”
VISIBLE LEGAL SERVICES MARKET
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
Lawyers speak the language of
words. Business people speak
the language of numbers.
“
Kristen Cook
In-house counsel @ 7-Eleven / 2018 ACC Value Champion
@jaesunum
Copyright © 2018 Six Parsecs LLC. All rights reserved.
CRITICALLY
IMPORTANT
NOT AT ALL
IMPORTANT
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
@jaesunum
Copyright © 2018 Six Parsecs LLC. All rights reserved.
DATA IS
STORY
TOOLS
WORDS
PICTURES
NUMBERS
AIM
USEFUL &
MEANINGFUL
TO PEOPLE
Copyright © 2018 Six Parsecs LLC. All rights reserved.
What makes this good?
FALLEN OF WORLD WAR 2
WORDS + PICTURES + NUMBERS
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
LOOK & FEEL
LOOK → FEEL
WHAT “DESIGN”
USED TO MEAN
NOW DESIGN
PERMEATES ALL
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
FEELING
OUT IDEAS
FEELING
TOGETHER
FEELING AS
LANGUAGE
SKETCHES MEMES EMOJIS
VISUALS HAVE DEEPER / MURKIER RESONANCE
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
DECLARATIVE
EXPLORATORY
CONCEPTUAL DATA-DRIVEN
Generate relevant questions
about things that matter
Prioritize function over form
GENERATE USEFUL INSIGHTS TO
HELP YOU & YOUR ORG GET SMARTER
EXPLAIN & INFORM OTHERS
IT’S YOUR JOB TO GET & HOLD ATTENTION
Focus on ideas not design
But keep UX in mind
Make it as clean as possible
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
Source: Good Charts
DECLARATIVE & CONCEPTUAL
Staple of business theory & management consulting
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
Essentially, all models are
wrong, but some are useful.
“
George Box
Statistician
@jaesunum
Copyright © 2018 Six Parsecs LLC. All rights reserved.
DECLARATIVE
EXPLORATORY
CONCEPTUAL DATA-DRIVEN
Generate relevant questions
about things that matter
Prioritize function over form
Focus on ideas not design
But keep UX in mind
Make it as clean as possible
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
Source: Good Charts
ABELA’S HIERARCHY
OF CHART TYPES
NOT PERFECT /COMPREHENSIVE
BUT HELPFUL STARTING POINT
Source: Good Charts
EXPLORATORY
& DATA-DRIVEN
“BEST” DATAVIZ ≠ THE ONE RING
Altman Weil has been asking this pair of questions to both
Chief Legal Officers & Law Firm Managing Partners since 2012
Copyright © 2018 Six Parsecs LLC. All rights reserved.
DRAMA!
omg!
DESIGN IS ABOUT CHOICE
EDITORIAL DECISIONS ARE UNAVOIDABLE
1. TRUE INSIGHT DEMANDS AN OPINIONATED POV
2. THE ANALYST MUST SIMPLIFY & DISTILL TO CREATE
MEANING WITHOUT MISREPRESENTATION
3. THIS REQUIRES CONFIDENCE AND CONTENT
UNDERSTANDING, SO DOMAIN EXPERTISE IS A MUST
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
ONE DATA SET, THREE TREATMENTS
RELATED BUT DISTINCT INSIGHTS
01 02 03DISTRIBUTION
(& COMPARISON)
COMPARISON COMPOSITION OVER TIME
(& COMPARISON)
Same question,
different respondents
Related questions,
same respondent
Related questions,
both respondents
POV: Law firms
Insight: Value gap in industry
POV: Inside counsel
Insight: Clients actually don’t ask
POV: Holistic analysis
Insights: Law firms aren’t crazy
BAR HISTOGRAM
+ COLORS AND
ANIMATION
LINE CHART
+ COLORS AND
LABELED MARKERS
STACKED AREA CHART
+ COLORS AND
LABELED MARKERS
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
©2015 Seyfarth Shaw LLP | 22
how serious are law firms?
about providing greater value to clients
0%
5%
10%
15%
20%
25%
0 1 2 3 4 5 6 7 8 9 10
Firms say… But clients say…
“not at all serious” “doing everything they can”
Source: Altman Weil 2015 Flash Survey: Law Firms in Transition
©2015 Seyfarth Shaw LLP | 23
how serious are law firms?
about providing greater value to clients
0%
5%
10%
15%
20%
25%
0 1 2 3 4 5 6 7 8 9 10
Firms say… But clients say…
Source: Altman Weil 2015 Flash Survey: Law Firms in Transition
“not at all serious” “doing everything they can”
SPARTAN DESIGN
BUT ORIGINAL INSIGHT
In 3 years of looking at this survey…
I NEVER THOUGHT OF DOING THIS
WHY?
Copyright © 2018 Six Parsecs LLC. All rights reserved.
CREDIT: CASEY FLAHERTY
58%
36%
74%
9%
17%3%
58%
38%
2%
69%
9%
20%
#Change = #FakeNews?
0%
Responses from
law firm leaders
remained fairly
constant over
this period…
Relying on the “average”
customer for feedback can be
misleading. Because influencers
tend to have strong feelings,
they emerge from the edges,
not the middle. The clients who
are most skeptical of law firm
change efforts represent prime
targets for providers who
position themselves as
innovators and changemakers.
Source: Altman Weil Law Firms in Transition & Chief Legal Officer Surveys, 2012 - 2017Copyright © 2018 Six Parsecs LLC. All rights reserved.
2012 2017 2012 20172013 2014 2015 20162013 2014 2015 2016
@jaesunum
41%
47% 40%
3%10%
50%
44%
5%
49%
2%
2012 2017 2012 20172013 2014 2015 20162013 2014 2015 2016
Texture of law firm
leader responses
over time suggest
client are applying
pressure unevenly
across distinct law
firm segments
3%1% 5%4%
Only a tiny minority of clients
say corporations are putting
intense pressure on firms to
change their service delivery
models, in any year.
40%45%
49%43%
51% 49%
CLO responses fluctuate in
the middle. This suggests
that client pressure on firms
is fluid and situational,
highlighting the need for
open channels of dialogue
between client & firm to
calibrate expectations on an
ongoing basis.
9%
#ChangeConversation = #LostInTranslation
Source: Altman Weil Law Firms in Transition & Chief Legal Officer Surveys, 2012 - 2017Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
Spartan yet again, but he gets the job done
SIMPLICITY IS A VIRTUE
CREDIT: CASEY FLAHERTY
@jaesunum
YOUR TURN
THINK ABOUT THE CONTENT
WHAT DOES IT MEAN? BOTH Q & A
RELATIONSHIPS ACROSS QUESTIONS?
THINK ABOUT THE ACTUAL PERSON BEHIND THE RESPONSE
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
SKETCH YOUR IDEA
Source: Good Charts
1. How important do you think it is for lawyers to be
"good with data" (whatever that might mean to you)?
2. Generally speaking, which of the following best
describes your relationship with math?
3. What do you think of "lifelogging" / "quantified self"?
4. Which of the following best describes your
undergraduate major?
5. How do you feel about the prospect of working with
data in a professional setting?
6. How would you rate your overall user experience to
date with Microsoft Excel?
7. How would you rate your current proficiency in
Microsoft Excel?
8. How would you rate your interest level in eventually
gaining mastery of Microsoft Excel?
9. Are you confident in your ability to explain to your
parents what "Big Data" means?
10. Are you confident in your ability to explain to an 8th
grader the difference between "causation" and
"correlation"?
11. Which of the following data skills do you think you
will need in the next 5 years?
a. Data wrangling
b. Statistical & mathematical modeling
c. Computational methods
d. Insight discovery
e. Data visualization
f. Data storytelling
g. ¯_(ツ)_/¯
Copyright © 2018 Six Parsecs LLC. All rights reserved.
0
1
2
3
4
5
6
7
8
0 1 2 3 4 5 6 7 8
ALL OF THE THINGS!
# OF STUDENTS
# OF SKILLS PERCEIVED AS NEEDED
@jaesunum
BI Architecture & Data Engineering
• Database and data warehouse design
and administration
• Data storage and networking procedures
• RDBMS, SQL, OLAP, APIs, enterprise
architecture, security, permissions
Data Collection & Wrangling
• Collection & mining methods
• Excel (yes, really), SQL, R, Python,
Power BI / Tableau Prep
Statistics & Math
• Distributions, centrality, regression,
significance, confidence
• Statistical inference
• Supervised learning algorithms
Business Smarts / Domain Knowledge
• Understand your clients’ industry & current
operating environment: not only regulatory,
also political, economic, social & tech
• Understand your clients’ business: revenue
models, P&L & growth drivers, org dynamics
• Business of law models & economics
• Legal supply chain evolution
• Financial governance in corporate and/or
legal service provider environment
THE GAME HAS CHANGED
Insight Discovery & Sharing
• Visual analytics
• Excel (yes, really), Tableau, R,
Python, JavaScript, HTML/CSS
and PowerPoint (yes, really)
Computational Analytics
• Language processing and text analysis
• Machine intelligence, statistical pattern
recognition & neural networks
• Genetic/evolutionary algorithms vs XAI
THIS IS A PARTIAL LIST OF ALL THE USEFUL THINGS YOU COULD LEARN
YOU DON’T NEED TO KNOW ALL OF THIS BY YOURSELF
WORKING EFFECTIVELY WITH PPL WHO DO = WILDLY VALUABLE
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
SHAPED
LAWYER
A FEW NON-OBVIOUS
IMPLICATIONS
MODERN LAW IS A TEAM SPORT
LEGAL TEAMS ARE INCREASINGLY
DIVERSE & CROSS FUNCTIONAL
Growing complexity tilt toward specialization
But YOU are the decider & the designer of your T
But it is hard to identify & assemble the right mix
of skills needed for each specific challenge
WINNING TEAMS CROSS THE
TRANSLATION BARRIER
“Boundary-spanners”: we need people who can
traverse different spheres of knowledge & thinking
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
CONTENT
(meaning)
SOME JD ADVANTAGE
CAPABILITY CONTEXT
(skills) (stakes)
FOR YOU
DATA IMPERATIVE FOR LEGAL BUSINESSES
FOR YOUR EMPLOYER
BUY OR BUILD
NEED EXPERIENCELITERACY OR MASTERY
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
DOMAIN KNOWLEDGE
Experts in industry & company
GENERAL TECHNICAL FLUENCY
Don’t need to build models
but know what models are
available and apply them to
the right business problems
Interpret model results and ID
potential model errors, such
as overfitting
PROJECT MANAGEMENT SKILLS
& ENTRPRENEURIAL SPIRIT
“
McKinsey Analytics
February 2018
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
KNOW YOUR AUDIENCE
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
If the topic of regression comes up in
a criminal or civil trial, the side
that must explain regression to the
jury will lose the case.
“
David Freedman
Statistician
@jaesunum
Copyright © 2018 Six Parsecs LLC. All rights reserved.
DATA
IT’S THE NEW HOTNESS
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
BUT THAT’S NOT WHY YOU SHOULD CARE
DATA
IT’S THE NEW HOTNESS
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
HYPE TRAIN
39% of law departments say they collect and
analyze metrics to improve efficiency…
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
HYPE TRAIN
39% of law departments say they collect and
analyze metrics to improve efficiency…
9% report “great results”
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
HYPE TRAIN
68% of CLOs say none of their top 10 firms
provide useful analysis of spending data
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
LITIGATION COMPLIANCE EE RELATIONS
Disputed facts
Theory of damages
Time to disposition
Cost of compliance
Cost of non-compliance
Systemic performance
Incident rates
Escalation rates
Hot spot analysis
RISING SOPHISTICATION ACROSS PRACTICE AREAS
TRENDING TOWARD PORTFOLIO/SYSTEMIC ANALYSIS
(MORE MATURE THAN UNIT ECONOMICS)
Copyright © 2018 Six Parsecs LLC. All rights reserved.
@jaesunum
THEIR PAIN = YOUR OPPORTUNITY
IF YOU HAVE THE WILL & THE SKILLS
Copyright © 2018 Six Parsecs LLC. All rights reserved.
LIFE & CAREER PATHWAYS
USED TO BE SIMPLE
(ALLEGEDLY)
YOURS ≠ SIMPLE
“back in the day”
now & future (BUT IT WILL BE BETTER)
Copyright © 2018 Six Parsecs LLC. All rights reserved.

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Future Lawyers Speak Data

  • 1. INSTITUTE FOR THE FUTURE OF LAW PRACTICE FUTURE LAWYERS SPEAK DATA Presenter: Jae Um / @jaesunum Founder & Executive Director 05.18.2018 $##
  • 2. my perspective Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 3. DATA IS STORY Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 4. COMPLICATED ECOSYSTEM + ACCELERATED PACE OF CHANGE = TRANSLATION BURDEN PARTNERS ASSOCIATES STAFF ATTORNEYS CONTRACT ATTORNEYS PARALEGALS ANALYSTS PROJECT MANAGERS PROCESS ENGINEERS TECH SOLUTIONS “THE CLIENT”“THE FIRM” “STAFF” FINANCE / HR / IT MARKETING PUBLIC RELATIONS BUSINESS DEVELOPMENT PRACTICE MANAGEMENT BIZ/MARKET INTELLIGENCE PRICING & PROFITABILITY GC / CLO DEPUTY / AGC COUNSEL EE RELATIONS CONTRACTS LEGAL OPS PARALEGALS “THE BUSINESS” THE END USERS? THE END BUYERS? ????!!! “IT DEPENDS” VISIBLE LEGAL SERVICES MARKET Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 5. Lawyers speak the language of words. Business people speak the language of numbers. “ Kristen Cook In-house counsel @ 7-Eleven / 2018 ACC Value Champion @jaesunum Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 6. CRITICALLY IMPORTANT NOT AT ALL IMPORTANT Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 7. @jaesunum Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 8. DATA IS STORY TOOLS WORDS PICTURES NUMBERS AIM USEFUL & MEANINGFUL TO PEOPLE Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 9. What makes this good? FALLEN OF WORLD WAR 2 WORDS + PICTURES + NUMBERS Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 10. LOOK & FEEL LOOK → FEEL WHAT “DESIGN” USED TO MEAN NOW DESIGN PERMEATES ALL Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 11. FEELING OUT IDEAS FEELING TOGETHER FEELING AS LANGUAGE SKETCHES MEMES EMOJIS VISUALS HAVE DEEPER / MURKIER RESONANCE Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 12. DECLARATIVE EXPLORATORY CONCEPTUAL DATA-DRIVEN Generate relevant questions about things that matter Prioritize function over form GENERATE USEFUL INSIGHTS TO HELP YOU & YOUR ORG GET SMARTER EXPLAIN & INFORM OTHERS IT’S YOUR JOB TO GET & HOLD ATTENTION Focus on ideas not design But keep UX in mind Make it as clean as possible Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum Source: Good Charts
  • 13. DECLARATIVE & CONCEPTUAL Staple of business theory & management consulting Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 14. Essentially, all models are wrong, but some are useful. “ George Box Statistician @jaesunum Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 15. DECLARATIVE EXPLORATORY CONCEPTUAL DATA-DRIVEN Generate relevant questions about things that matter Prioritize function over form Focus on ideas not design But keep UX in mind Make it as clean as possible Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum Source: Good Charts
  • 16. ABELA’S HIERARCHY OF CHART TYPES NOT PERFECT /COMPREHENSIVE BUT HELPFUL STARTING POINT Source: Good Charts EXPLORATORY & DATA-DRIVEN
  • 17. “BEST” DATAVIZ ≠ THE ONE RING Altman Weil has been asking this pair of questions to both Chief Legal Officers & Law Firm Managing Partners since 2012 Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 19. omg!
  • 20. DESIGN IS ABOUT CHOICE EDITORIAL DECISIONS ARE UNAVOIDABLE 1. TRUE INSIGHT DEMANDS AN OPINIONATED POV 2. THE ANALYST MUST SIMPLIFY & DISTILL TO CREATE MEANING WITHOUT MISREPRESENTATION 3. THIS REQUIRES CONFIDENCE AND CONTENT UNDERSTANDING, SO DOMAIN EXPERTISE IS A MUST Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 21. ONE DATA SET, THREE TREATMENTS RELATED BUT DISTINCT INSIGHTS 01 02 03DISTRIBUTION (& COMPARISON) COMPARISON COMPOSITION OVER TIME (& COMPARISON) Same question, different respondents Related questions, same respondent Related questions, both respondents POV: Law firms Insight: Value gap in industry POV: Inside counsel Insight: Clients actually don’t ask POV: Holistic analysis Insights: Law firms aren’t crazy BAR HISTOGRAM + COLORS AND ANIMATION LINE CHART + COLORS AND LABELED MARKERS STACKED AREA CHART + COLORS AND LABELED MARKERS Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 22. ©2015 Seyfarth Shaw LLP | 22 how serious are law firms? about providing greater value to clients 0% 5% 10% 15% 20% 25% 0 1 2 3 4 5 6 7 8 9 10 Firms say… But clients say… “not at all serious” “doing everything they can” Source: Altman Weil 2015 Flash Survey: Law Firms in Transition
  • 23. ©2015 Seyfarth Shaw LLP | 23 how serious are law firms? about providing greater value to clients 0% 5% 10% 15% 20% 25% 0 1 2 3 4 5 6 7 8 9 10 Firms say… But clients say… Source: Altman Weil 2015 Flash Survey: Law Firms in Transition “not at all serious” “doing everything they can”
  • 24. SPARTAN DESIGN BUT ORIGINAL INSIGHT In 3 years of looking at this survey… I NEVER THOUGHT OF DOING THIS WHY? Copyright © 2018 Six Parsecs LLC. All rights reserved. CREDIT: CASEY FLAHERTY
  • 25. 58% 36% 74% 9% 17%3% 58% 38% 2% 69% 9% 20% #Change = #FakeNews? 0% Responses from law firm leaders remained fairly constant over this period… Relying on the “average” customer for feedback can be misleading. Because influencers tend to have strong feelings, they emerge from the edges, not the middle. The clients who are most skeptical of law firm change efforts represent prime targets for providers who position themselves as innovators and changemakers. Source: Altman Weil Law Firms in Transition & Chief Legal Officer Surveys, 2012 - 2017Copyright © 2018 Six Parsecs LLC. All rights reserved. 2012 2017 2012 20172013 2014 2015 20162013 2014 2015 2016 @jaesunum
  • 26. 41% 47% 40% 3%10% 50% 44% 5% 49% 2% 2012 2017 2012 20172013 2014 2015 20162013 2014 2015 2016 Texture of law firm leader responses over time suggest client are applying pressure unevenly across distinct law firm segments 3%1% 5%4% Only a tiny minority of clients say corporations are putting intense pressure on firms to change their service delivery models, in any year. 40%45% 49%43% 51% 49% CLO responses fluctuate in the middle. This suggests that client pressure on firms is fluid and situational, highlighting the need for open channels of dialogue between client & firm to calibrate expectations on an ongoing basis. 9% #ChangeConversation = #LostInTranslation Source: Altman Weil Law Firms in Transition & Chief Legal Officer Surveys, 2012 - 2017Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 27. Spartan yet again, but he gets the job done SIMPLICITY IS A VIRTUE CREDIT: CASEY FLAHERTY
  • 29. YOUR TURN THINK ABOUT THE CONTENT WHAT DOES IT MEAN? BOTH Q & A RELATIONSHIPS ACROSS QUESTIONS? THINK ABOUT THE ACTUAL PERSON BEHIND THE RESPONSE Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 30. SKETCH YOUR IDEA Source: Good Charts 1. How important do you think it is for lawyers to be "good with data" (whatever that might mean to you)? 2. Generally speaking, which of the following best describes your relationship with math? 3. What do you think of "lifelogging" / "quantified self"? 4. Which of the following best describes your undergraduate major? 5. How do you feel about the prospect of working with data in a professional setting? 6. How would you rate your overall user experience to date with Microsoft Excel? 7. How would you rate your current proficiency in Microsoft Excel? 8. How would you rate your interest level in eventually gaining mastery of Microsoft Excel? 9. Are you confident in your ability to explain to your parents what "Big Data" means? 10. Are you confident in your ability to explain to an 8th grader the difference between "causation" and "correlation"? 11. Which of the following data skills do you think you will need in the next 5 years? a. Data wrangling b. Statistical & mathematical modeling c. Computational methods d. Insight discovery e. Data visualization f. Data storytelling g. ¯_(ツ)_/¯ Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 31. 0 1 2 3 4 5 6 7 8 0 1 2 3 4 5 6 7 8 ALL OF THE THINGS! # OF STUDENTS # OF SKILLS PERCEIVED AS NEEDED @jaesunum
  • 32. BI Architecture & Data Engineering • Database and data warehouse design and administration • Data storage and networking procedures • RDBMS, SQL, OLAP, APIs, enterprise architecture, security, permissions Data Collection & Wrangling • Collection & mining methods • Excel (yes, really), SQL, R, Python, Power BI / Tableau Prep Statistics & Math • Distributions, centrality, regression, significance, confidence • Statistical inference • Supervised learning algorithms Business Smarts / Domain Knowledge • Understand your clients’ industry & current operating environment: not only regulatory, also political, economic, social & tech • Understand your clients’ business: revenue models, P&L & growth drivers, org dynamics • Business of law models & economics • Legal supply chain evolution • Financial governance in corporate and/or legal service provider environment THE GAME HAS CHANGED Insight Discovery & Sharing • Visual analytics • Excel (yes, really), Tableau, R, Python, JavaScript, HTML/CSS and PowerPoint (yes, really) Computational Analytics • Language processing and text analysis • Machine intelligence, statistical pattern recognition & neural networks • Genetic/evolutionary algorithms vs XAI THIS IS A PARTIAL LIST OF ALL THE USEFUL THINGS YOU COULD LEARN YOU DON’T NEED TO KNOW ALL OF THIS BY YOURSELF WORKING EFFECTIVELY WITH PPL WHO DO = WILDLY VALUABLE Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 33. SHAPED LAWYER A FEW NON-OBVIOUS IMPLICATIONS MODERN LAW IS A TEAM SPORT LEGAL TEAMS ARE INCREASINGLY DIVERSE & CROSS FUNCTIONAL Growing complexity tilt toward specialization But YOU are the decider & the designer of your T But it is hard to identify & assemble the right mix of skills needed for each specific challenge WINNING TEAMS CROSS THE TRANSLATION BARRIER “Boundary-spanners”: we need people who can traverse different spheres of knowledge & thinking Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 34. CONTENT (meaning) SOME JD ADVANTAGE CAPABILITY CONTEXT (skills) (stakes) FOR YOU DATA IMPERATIVE FOR LEGAL BUSINESSES FOR YOUR EMPLOYER BUY OR BUILD NEED EXPERIENCELITERACY OR MASTERY Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 35. DOMAIN KNOWLEDGE Experts in industry & company GENERAL TECHNICAL FLUENCY Don’t need to build models but know what models are available and apply them to the right business problems Interpret model results and ID potential model errors, such as overfitting PROJECT MANAGEMENT SKILLS & ENTRPRENEURIAL SPIRIT “ McKinsey Analytics February 2018 Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 36. KNOW YOUR AUDIENCE Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 37. If the topic of regression comes up in a criminal or civil trial, the side that must explain regression to the jury will lose the case. “ David Freedman Statistician @jaesunum Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 38. DATA IT’S THE NEW HOTNESS Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 39. BUT THAT’S NOT WHY YOU SHOULD CARE DATA IT’S THE NEW HOTNESS Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 40. HYPE TRAIN 39% of law departments say they collect and analyze metrics to improve efficiency… Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 41. HYPE TRAIN 39% of law departments say they collect and analyze metrics to improve efficiency… 9% report “great results” Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 42. HYPE TRAIN 68% of CLOs say none of their top 10 firms provide useful analysis of spending data Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 43. LITIGATION COMPLIANCE EE RELATIONS Disputed facts Theory of damages Time to disposition Cost of compliance Cost of non-compliance Systemic performance Incident rates Escalation rates Hot spot analysis RISING SOPHISTICATION ACROSS PRACTICE AREAS TRENDING TOWARD PORTFOLIO/SYSTEMIC ANALYSIS (MORE MATURE THAN UNIT ECONOMICS) Copyright © 2018 Six Parsecs LLC. All rights reserved. @jaesunum
  • 44. THEIR PAIN = YOUR OPPORTUNITY IF YOU HAVE THE WILL & THE SKILLS Copyright © 2018 Six Parsecs LLC. All rights reserved.
  • 45. LIFE & CAREER PATHWAYS USED TO BE SIMPLE (ALLEGEDLY) YOURS ≠ SIMPLE “back in the day” now & future (BUT IT WILL BE BETTER) Copyright © 2018 Six Parsecs LLC. All rights reserved.