The UK Magic Circle - Innovators, Disruptors or Just Different?

Preview:

DESCRIPTION

Presentation by Stuart Barr from HighQ Solutions at the Janders Dean Law Firm Knowledge Management Conference in Sydney, Australia on 12th August 2010.

Citation preview

Janders Dean KM Conference

12th August 2010

Stuart Barr

Stuart Barr

Director, HighQ Solutions

‣ Freshfields 2004 - 2007

‣ Headshift 2007 - 2009

Introduction

www.highqsolutions.com

Fully-managed solutions

Class-leading enterprise dealrooms

Collaboration and knowledge sharing

Publishing and marketing platform

Banking Legal Technology Portal

Consulting and strategy

HighQ Solutions

www.highqsolutions.com

Some of our clients

www.highqsolutions.com

Introduction

www.highqsolutions.com

The UK Magic Circle - Innovators,

Disruptors or Just Different?

How are firms innovating?

Dealrooms

Relationships

Collaboration

Know-how

Online services

Innovation

www.highqsolutions.com

www.highqsolutions.com

REWIND

Late 90s, early 2000s

www.highqsolutions.com

Dot-com rush

‣ Land grab

‣ Linklaters

‣ Simmons & Simmons

‣ Innovative legal services

2004

‣ The first time firms collaborated

‣ Shared know-how repository

‣ Added value for key clients

‣ Unique proposition in the legal sector

‣ Group collaboration

‣ Client relationships

‣ Social tools

‣ Wikis

‣ Blogs

2005

www.highqsolutions.com

‣ New extranet platform

‣ Hosted application

‣ Fully outsourced, managed solution

‣ First of its kind in the legal space

2006

‣ New intranet

‣ Collaboration

‣ Wiki platform

‣ Lightweight solution

2007

Clifford Chance

‣ New publications platform

‣ Alerters

‣ Cross border guides

‣ Fully outsourced solution

2008

‣ Navigator

‣ Premium online product

‣ Highly profitable

‣ Disruptive

2009

Parallel paths

www.highqsolutions.com

Dealrooms

Relationships

Collaboration

Know-how

Online services

www.highqsolutions.com

PAUSE

2010

‣ Cloud computing

‣ Social computing

‣ Managed solutions

‣ Outsourcing

Industry trends

www.highqsolutions.com

Convergence

www.highqsolutions.com

Dealrooms Relationships Collaboration

PublishingKnow-how Products

‣ Integrated online services

‣ Extranets

‣ Publishing and marketing

‣ Premium products

‣ Customised client portals

Next generation solutions

HighQ Publisher

Client portal pages

Video channels

Microsites

‣ Deeper client relationships

‣ Collaboration and interaction

‣ Networking and connections

‣ Personalisation and customisation

‣ Content discovery and sharing

Next generation solutions

HighQ SitePoint

www.highqsolutions.com

Document management

www.highqsolutions.com

Wikis

www.highqsolutions.com

Blogs

www.highqsolutions.com

Group task management

www.highqsolutions.com

Events calendar

www.highqsolutions.com

Personal profiles

www.highqsolutions.com

Next generation solutions

‣ Hosted services

‣ Rapid deployment and scalability

‣ Security and disaster recovery

‣ Economies of scale

‣ Predictable annual fees

‣ Low maintenance

‣ No up front costs

www.highqsolutions.com

Disruptive?

Difficult times

Economic uncertainty

Pressure to reduce costs

Increased outsourcing

Productisation and commoditisation

Challenges in the legal sector

www.highqsolutions.com

Client demands

Value for money

Content aggregation

Personalised content

Pressure to reduce fees

Challenges in the legal sector

www.highqsolutions.com

Familiar problems

Costly internal systems

Budget and resource pressures

Lack of innovation and development

Inefficiencies and duplication

Legacy, disparate technology

Challenges in the legal sector

www.highqsolutions.com

If you get it right...

Gain an advantage

Differentiate your firm’s services

Respond to your clients’ needs

Develop innovative services

Disrupt the market

Dare to be different

www.highqsolutions.com

Improve a product or service in ways

that the market does not expect

Disruptive innovation

www.highqsolutions.com

“ ”

Recommended