Announced on April 21, P3® – The Practice Innovation Conference will transform into P3® – The Virtual Experience, a series of online, interactive content taking place in June. The in-person experience was previously cancelled due to the COVID-19 pandemic. View the P3 home page for more information.

Leveraging Matter Metadata to Determine Scope and Pricing Strategy

Track: Digital Solutions & Data Analytics

Session Number: 252
Date: Thu, Jun 11th, 2020
Time: 3:30 PM - 4:15 PM

Description:

In this session, the Pepper Hamilton KM, Practice Solutions, Pricing, and LPM Teams will share how they use matter metadata. Including how they decided what data to collect, how they collected it, how they keep it current, and their internally developed visualization tool.  Matter metadata otherwise known as experience data is readily available, as general knowledge, in archaic databases, or individual attorney’s personal tracking systems.

The knowledge can be harnessed to:

  • Helping with case strategies, who has worked in a particular jurisdiction
  • Understanding staffing
  • Correlating amounts at risk with level of effort and fees and deal types and amounts with level of effort
  • Sanity checking pricing proposals and more!
Session Type: Expert Panel

Learning Objective 1: Identify how to determine what data to collect and how to collect it.
Learning Objective 2: Describe how can you utilize the data; KM sharing, staffing, and pricing.
Learning Objective 3: Summarize how might you visualize the data to get the best benefit from it.
Body of Knowledge (BoK) Domain: Business of Law
Content Level: Advanced
Session Type: Expert Panel

Learning Objective 1: Identify how to determine what data to collect and how to collect it.
Learning Objective 2: Describe how can you utilize the data; KM sharing, staffing, and pricing.
Learning Objective 3: Summarize how might you visualize the data to get the best benefit from it.
Body of Knowledge (BoK) Domain: Business of Law
Content Level: Advanced