Dr Patrick Dixon Chairman Global Change Ltd
Patrick Dixon is Chairman of Global Change Ltd, Author of    15 books and has been ranked one of the 20 most  influential ...
If you started with a blanksheet of paper to create a    third millennial law     department for amultinational bank, woul...
Wild Cards: Risk ManagementLow probability, high impact events
Indonesia: Islamic radicalisation        88% of 200 million• Expect struggle for political power by radical  groups in Ind...
Chance of 2 in 24 people sharing same birthday
Chance of 2 in 24 people sharing same birthday
Chance of 2 in 30 people sharing same birthday
Chance of 2 in 50 people sharing same birthday
Chance of 2 in 57 people sharing same birthday
EMOTION
Fast       One news story can destroy a                legal team or bank            TRUST at RISK                   Hard ...
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Controls
not enough to succeed
Intel Surfboard with laptop
Still convergence chaos at home
Vodafone Amex Nokia Google
UK Card market in 2010• Transactions $1 trillion pa• Credit card debt $85bn• Average card interest rate 18%• 2% commission...
Monthly Bill v Fees          (replace cards with mobile device)Free devices / web / video2010                  2013       ...
Beyond Convergence• End of silos• Multi-skilled, multidisciplinary teams• Globalisation of every large business,  mergers,...
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Controls
85% of 5.3bn will access web in 2011
300,000 apps7 bn downloads
Lawyer Chat – Social Media
Dominant law firm model  has been a garrison –future will be as personal       bodyguards
Instant access 24 hours /365 days a year to world-class legal team advice…Outsourced “in-house”Impact on personal life
24 hour / 365 day video link at zero costTelephone and video over internet
Look at private bankingrelationship as possible      future modelAccess, trust, friendshipExperts in relationships and tec...
65% managers still use papere-mail print growing at work       e-store / search
New kinds of connections• Connections between apparently unrelated  events and legal facts• Example: fraud detection in ba...
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Controls
Moving Enterprise into Cloud              •   Security              •   Availability              •   Performance         ...
Multinationals run into the Cloud                              • $56bn / year (Gartner)• 25% large corporations           ...
Virtual Law Firms – 451k artwicles
Axiom Legal
India 22,000 Law graduations pa        <20% labour cost
Legal Process Outsourcing•   Research•   Contract drafting•   Patent monitoring and applications•   Document analysis•   D...
Orrick• Entire back office  W Virginia
LEAN: 20% savings in any process£1 billion savings – 10% cost base
Legal Process Outsourcing US  India• 10,000 RBS jobs in India• Expect 50,000 more Europe / US legal jobs to  move by 2012...
India Legal Jobs  US
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Controls
300 million  cities in China by 2020
Global Warming - facts
Why Biofuels Are No Answer
"Perfection!," TripAdvisorMember, Nov 25, 2008 Thiswas the most beautiful hotel "Terrible! TripAdvisorMember, Oct 10, 2008...
Life is too short to visit lawyers• No need for big offices
Fixed Fees for Defined Service
Mass customisation• Flexible computer-aided output• Form agreements• Macros
Websites•   Legalzoom•   Cybersettle•   Completecase.com•   Google scholar• Access to legal advice for $49
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Consultants•   Controls
- Insider dealing was thought smart –- Bribes were set against corporation tax -
Future of Corporate Law•   Convergence•   Connections•   Clouds•   Crowds•   Compliance•   Controls
Corporate Legal Image• “Sales prevention department”• “Where deals get killed off”• “Don’t understand the business”• “Slow...
Managing Risks• 61% significant attempt to hack their  networks – twice 2008 fig  –15% were penetrated• 25% suffered denia...
• Individuals• Family• Staff• Community• Whole earth
If you started with a blanksheet of paper to create a    third millennial law     department for amultinational bank, woul...
Patrick Dixon is Chairman of Global Change Ltd, Author of    15 books and has been ranked one of the 20 most  influential ...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management  - C...
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Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management - Conference keynote speaker

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"http://www.globalchange.com Future of legal firms. The practice of law is changing very rapidly, mainly due to a combination of technology and globalization. Traditional Law Firms and Law Schools are being left behind rapidly.
Lawyers have enjoyed being part of a relatively protected and exclusive community, with few price pressures, little transparency over cost structures, billing by the hour, rather than offering fixed price deals, and a mystique that until now has meant they faced few challenges from their clients in the way they worked.
The future will be far less comfortable. Successful Law Firms will require far stronger customer focus: under promising and over delivering, exceeding expectations every time. It means deep insight into what it actually feels like to be a customer, with an intuitive understanding of what really matters. Key Legal Professional trends: deregulation of law firms allowing mergers with non-legal organisations, outsourcing of less specialist legal teams, commoditisation of legal services, virtual law firms. Presentation by keynote conference speaker Patrick Dixon, given at LawTech Media conference in October 2012 to Senior Partners of law firms based in the UK."

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Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowd sourcing, Risk Management - Conference keynote speaker

  1. 1. Dr Patrick Dixon Chairman Global Change Ltd
  2. 2. Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most influential business thinkers alive today (Thinkers 50) Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowdsourcing, Risk Management for RBS Bank Legal (2011) 500 videos of keynotes www.youtube.com/user/pjvdixon Over 4 million views Dixon’s Futurist Website www.globalchange.com/ 14 million unique visitors.
  3. 3. If you started with a blanksheet of paper to create a third millennial law department for amultinational bank, would it look like yours?
  4. 4. Wild Cards: Risk ManagementLow probability, high impact events
  5. 5. Indonesia: Islamic radicalisation 88% of 200 million• Expect struggle for political power by radical groups in Indonesia, Malaysia
  6. 6. Chance of 2 in 24 people sharing same birthday
  7. 7. Chance of 2 in 24 people sharing same birthday
  8. 8. Chance of 2 in 30 people sharing same birthday
  9. 9. Chance of 2 in 50 people sharing same birthday
  10. 10. Chance of 2 in 57 people sharing same birthday
  11. 11. EMOTION
  12. 12. Fast One news story can destroy a legal team or bank TRUST at RISK Hard to gain Easy to lose
  13. 13. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Controls
  14. 14. not enough to succeed
  15. 15. Intel Surfboard with laptop
  16. 16. Still convergence chaos at home
  17. 17. Vodafone Amex Nokia Google
  18. 18. UK Card market in 2010• Transactions $1 trillion pa• Credit card debt $85bn• Average card interest rate 18%• 2% commissions worth £20bn
  19. 19. Monthly Bill v Fees (replace cards with mobile device)Free devices / web / video2010 2013 2015
  20. 20. Beyond Convergence• End of silos• Multi-skilled, multidisciplinary teams• Globalisation of every large business, mergers, acquisitions• New blends of products and services• Complex legal advice from global teams
  21. 21. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Controls
  22. 22. 85% of 5.3bn will access web in 2011
  23. 23. 300,000 apps7 bn downloads
  24. 24. Lawyer Chat – Social Media
  25. 25. Dominant law firm model has been a garrison –future will be as personal bodyguards
  26. 26. Instant access 24 hours /365 days a year to world-class legal team advice…Outsourced “in-house”Impact on personal life
  27. 27. 24 hour / 365 day video link at zero costTelephone and video over internet
  28. 28. Look at private bankingrelationship as possible future modelAccess, trust, friendshipExperts in relationships and technology
  29. 29. 65% managers still use papere-mail print growing at work e-store / search
  30. 30. New kinds of connections• Connections between apparently unrelated events and legal facts• Example: fraud detection in banking – Complex data analysis to identify patterns of unusual activity, including unusual interactions between people• Example: tracking of innovation – Patent pattern analysis
  31. 31. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Controls
  32. 32. Moving Enterprise into Cloud • Security • Availability • Performance • Cost • Private cloud adoption
  33. 33. Multinationals run into the Cloud • $56bn / year (Gartner)• 25% large corporations • $150bn by 2013 plan partial migration in 2 years • Software as a service• 11% in 12 months • Infrastructure as a service• 30% global market in UK • Platform as a service – Financial services • 90% Microsoft R&D
  34. 34. Virtual Law Firms – 451k artwicles
  35. 35. Axiom Legal
  36. 36. India 22,000 Law graduations pa <20% labour cost
  37. 37. Legal Process Outsourcing• Research• Contract drafting• Patent monitoring and applications• Document analysis• Drafting of court papers for filing• Legal representation• Legal transcription• Billing• Secretarial
  38. 38. Orrick• Entire back office  W Virginia
  39. 39. LEAN: 20% savings in any process£1 billion savings – 10% cost base
  40. 40. Legal Process Outsourcing US  India• 10,000 RBS jobs in India• Expect 50,000 more Europe / US legal jobs to move by 2012• $650m in India pa - $4bn by 2015 – Forrester In-house legal depts in India – DuPont – Cisco – Morgan Stanley – Sun Microsystems – Bupa
  41. 41. India Legal Jobs  US
  42. 42. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Controls
  43. 43. 300 million  cities in China by 2020
  44. 44. Global Warming - facts
  45. 45. Why Biofuels Are No Answer
  46. 46. "Perfection!," TripAdvisorMember, Nov 25, 2008 Thiswas the most beautiful hotel "Terrible! TripAdvisorMember, Oct 10, 2008Terrible place, rats, dirty, noisy
  47. 47. Life is too short to visit lawyers• No need for big offices
  48. 48. Fixed Fees for Defined Service
  49. 49. Mass customisation• Flexible computer-aided output• Form agreements• Macros
  50. 50. Websites• Legalzoom• Cybersettle• Completecase.com• Google scholar• Access to legal advice for $49
  51. 51. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Consultants• Controls
  52. 52. - Insider dealing was thought smart –- Bribes were set against corporation tax -
  53. 53. Future of Corporate Law• Convergence• Connections• Clouds• Crowds• Compliance• Controls
  54. 54. Corporate Legal Image• “Sales prevention department”• “Where deals get killed off”• “Don’t understand the business”• “Slow to adopt new technology eg knowledge management tools”• “Lack innovation and radical thinking”• “Resistant to outsourcing”
  55. 55. Managing Risks• 61% significant attempt to hack their networks – twice 2008 fig –15% were penetrated• 25% suffered denial of service attack in 2010 – twice 2008 figure• Only 17% encrypt data at 3rd party sites• PriceWaterhouseCoopers ISBS 2010
  56. 56. • Individuals• Family• Staff• Community• Whole earth
  57. 57. If you started with a blanksheet of paper to create a third millennial law department for amultinational bank, would it look like yours? What annual savings?
  58. 58. Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most influential business thinkers alive today (Thinkers 50) Future of corporate law, Legal. Compliance, Regulations, Conveyance, Cloud computing, Crowdsourcing, Risk Management for RBS Bank Legal (2011) 500 videos of keynotes www.youtube.com/user/pjvdixon Over 4 million views Dixon’s Futurist Website www.globalchange.com/ 14 million unique visitors.

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