Using AI to Automatically Profile Prior Work to Support Pricing, Staffing and Business Development

Track: Technology & Tools

Session Number: 2116
Date: Thu, Jun 13th, 2019
Time: 2:30 PM - 3:30 PM

Description:

Law firms are challenged to find the best examples of prior work for pricing, staffing, and business development purposes. This session will focus on how natural language processing (NLP) tools can mine information from a variety of existing sources to classify and categorize matters and identify lawyers with the right expertise supporting pricing and growth initiatives and leading to improved client service.

Session Type: Expert Panel

Learning Objectives: Discuss the practical application of NLP to improve the profiling of matters and lawyer expertise necessary to support pricing, staffing and business development
Learning Objective 2: Describe how NLP tools can overcome the challenge of capturing data in disparate silos and reduce the burden on people entering information while improving data quality and reducing the risk of missing data
Learning Objective 3: Describe how information mined using NLP tools can be combined with financial and business development information to uncover fresh insights and improve client service
Body of Knowledge (BOK) Domain: Business Development, Business of Law, Technology Management
Content Level: Advanced
Session Type: Expert Panel

Learning Objectives: Discuss the practical application of NLP to improve the profiling of matters and lawyer expertise necessary to support pricing, staffing and business development
Learning Objective 2: Describe how NLP tools can overcome the challenge of capturing data in disparate silos and reduce the burden on people entering information while improving data quality and reducing the risk of missing data
Learning Objective 3: Describe how information mined using NLP tools can be combined with financial and business development information to uncover fresh insights and improve client service
Body of Knowledge (BOK) Domain: Business Development, Business of Law, Technology Management
Content Level: Advanced