Stockholm Legal Business Summit - SCC News, 15 November 2013

2013-11-15T00:00:00

The Stockholm Legal Business Summit held on 13-14 November 2013 brought together more than 200 in-house counsels, legal advisers, law firm managers and other professionals from the legal community from around the world to discuss strategy and key developments in the legal market.

The first day of the Summit was hosted by Virtual Intelligence VQ, becoming the fourth VQ Knowledge and Strategy Forum. This year innovation in practice and how to go from strategy to a practical reality in the changing legal landscape were the focus of discussion.

Key note speaker D. Casey Flaherty, corporate counsel at Kia Motors America, provided his insights on how buyers of legal services support and drive change in the legal market. With a background from BigLaw, he has knowledge of how big law firms work and how the lack of proficiency with the common software tools at their disposal (Word, Excel, Acrobat, etc.) result in an inordinate amount of time wasted that is still billed to clients. To drive change, he has therefore developed a basic technology competency audit to help buyers of legal service examine outside counsel's technology skills to avoid inefficiencies in low value added work.

Cecilia Sternius and Carl Östring from the Board of the Swedish Company Lawyers' Association (Sw. Bolagsjuristernas Förening) provided insights from a Swedish perspective on the evolution of the role for in-house counsel and explained how the association is taking the lead to drive innovation in Sweden by supporting its members deliver services to their corporate clients efficiently.

Law firm representatives Janet Day, IT Director at Berwin Leighton Paisner, Stuart Kay, Global Business Systems Director at Baker & McKenzie, Stefan Erhag, Executive Partner at Delphi, and Lisa Göransson, Head of the Nordic Desk at Allen & Overy, presented different views on ongoing innovation projects and new management approaches to meet the new client demands.

In the changing legal marketplace, the war for talent is a strategic business challenge for many law firms. At VQ Forum, Anna Lensmar-Friedman, CEO of Poolia Legal, also presented the results from a conducted profiling study, identifying the common traits driving the individual behaviour of highly successful lawyers.

A final case study on a collaboration project provided an inspiring way to the future for clients and outside counsels to drive change jointly and in a collaborative way to benefit all. Inger Brattne, Director of Legal Affairs at Pfizer Sweden, and Ingrid Eliasson, Partner at DLA Nordic, shared their experience from the Pfizer Legal Alliance and how this innovative approach has advanced the value of legal counselling to the partners, their clients and the legal profession.

Following moderator Patricia Shaughnessy's closing summary of the day, a cocktail reception was held for the participants at Grand Hotel.

Read the SCC article here: Stockholm Legal Business Summit

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