|Stated topics and speakers|
Session 1: Status of the Reform of the legal profession
Session 2: New Products, New Destinations, New Dimensions
We kindly asked several thought leaders to share the most innovative and promising elements of the law firm strategies in a format of very short structured presentations:
How Technology Can Influence Legal Practice?
Session 3: Who Will Be Our Next Generation of Partners?
How do law firms identify, develop, and promote their “next generation” of leaders? This challenge exists in every law firm; but it is especially critical for “first generation” law firms that want to remain as sustainable business institutions after their founders have retired. Our panelists will share their experiences and observations about managing this transition, as well as its implications for partnership structure, governance, professional development, and financial performance.
Session 4: Law Firm as an Employer: Managing Reputation in the Markets for Legal Talents
Do law firm leaders really care about what their actual and prospective associates think or feel as much as they care about their reputation within a clients' or potential clients’ community?
Session 5: Attorneys Under Attack: Managing the high risks of legal practice in the current legal environment
Federal Сhamber of lawyers of the Russian Federation has announced in the August 2018: “…practicing as an attorney in Russia is quite dangerous. It is difficult to call government policy benevolent when we speak about advocacy. It seems like the government does everything to make advocacy unpopular for practicing lawyers. Cases of illegal intervention into attorney’s activity or hindrance to it count by hundreds and reached thousands per year. On the agenda – taking measures to self-defense of attorneys’ professional rights and legitimate interests of their principals, including the realization of the legal right to strike.” The reasons of such unfavorable conclusions, among the others, are:
- lack of judicial independence and trial competitiveness, imitating nature of legal proceedings, accusatory bias, discrimination of the defense in courts, violation of the principle of publicity, lack of law enforcement predictability;
- violations and abuses against attorneys (murders, beatings, infringement of property) due to their professional activity, including by law enforcement officials, and lack of the right reaction on the violations and abuses;
- numerous violations of the attorney’s professional rights: infringements of attorney-client privilege, illegal searches and examinations with the main purpose to exclude an attorney from the process, illegal investigations against attorneys;
- lack of special standards of responsibility for hindrance of attorney activity.
Counteractions against advocacy and attacks on attorneys are improving in a wide scope of methods. What are the last tendencies? How attorneys may exist and practice in such difficult and unsafe environment? These questions will be the subject of our professional discussion on the session.
Session 6: New Concepts of Law Firm Financial Performance: How Lawyers Will be financially sucessful in the Future.
The transparency of the legal market coupled with a competitive environment threatens the traditional law firm model of selling time without limits on budgets. Lawyers have also become entrepreneurs: They need to budget their work, look for areas in which they are profitable, have a strategy, a brand and distinguish themselves from the competition. As a result, it has become more difficult to make good money as a lawyer.
In this session we want to discuss with you together with experts what lawyers and law firms should do (or avoid to do) in order to stay or become profitable. We will hear about different success stories allowing us to learn about what we could improve in our firms.
The session will be organized as a discussion round addressing topics of actual interest like what areas of law (or outside law) tend to be fertile ground for lawyers to become involved, how to optimize the use of technology, using ‘platforms’ as a lawyer (the ‘Amazon’ model) and how to avoid being trapped with falling fees and higher demands posed by clients. The panel will consist of a high-level group of experts on each of the afore-mentioned aspects. How to balance rising client expectations and falling fees.
How to balance rising client expectations and falling fees?
How to avoid wasting money on technology?
Investment needs in law firms - from cash cow to piggy bank?