A Special Opportunity to Join Your Peer Firms ​

This year’s conference features top-of-mind issues for COOs, CFOs, and C-Level business leaders. ​

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Growth Is the #1 Priority

​Growth plans are more important than ever.  Growing faster with top notch growth and talent officers overseeing strategy and implementation is one way firms are emphasizing growth initiatives.  Prioritizing to expand profits with higher billing rates are being developed by all firms today.  This is a time of uncertainty with clients’ pushing back on rate increases, demanding discounts and engaging more firms’ to perform different types of work at different and lower price points. ​

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Competition Ramps up; Lateral talent, M+A

The competitive war for lateral partner talent is only going to increase pressure on firms to grow and increase compensation. 

How AI Can Maximize Firm Efficiency and Profitability
We live in a period of persistent economic volatility affecting clients and firms. Uncertainty affects clients and firm priorities and appetite for change.  On the other hand, firms are using AI to understand drivers of profitability, which tools to use, and how to use AI to maximize profitability.  
As firms raise rates, how are working relationships with clients affected? AI is central to profitability discussions with clients.  Firms are working to understand where AI efficiencies are most effective. 
What clients want from their law firms is lower prices.  AI is used by partners and associates for client work so clients want savings to be reflected in bills.  The conference will address these timely issues.​

Topics for Discussion

9:00 a.m. – 1:30 p.m. ET including networking lunch
1.    Uncertainty in the Economy, Changing Priorities and Change Management

• Understanding change management

• Growth plans when demand for legal services is down

• Profitability and pricing

• Reacting to uncertain signals in the economy as clients prioritize cost control and move more functions inside the law department

• Macro environment and tariffs

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2.    AI and Profitability

• Data governance; structuring data to use

• Structuring data to use in large language models

• Collaborating with clients on AI; conflicting views between law departments interests and law firm practices

• Using AI in record keeping and tracking profitability and pricing

• Budgeting

  • Rolling out applications

  • Predictive analysis and the budget process

  • Firm attorney and matter budgets

• New ways for firms to take advantage of AI.  

• Using AI to improve forecasting and increase efficiency. 

• Training partners, associates and business C-levels and staff

• Use Cases

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3.    Focus on Business and Financial Management

• Controlling expenses

• Fees and Rates: opportunities for firms to raise rates, competitive advantage of lower rates

• Inventory management

  • Financial discipline

  • Billing and collections

• Outside counsel guidelines; changes to allow flexibility, AI 

• Cybersecurity risks, threats and guardrails

• Interaction with client teams; Who on the firm business side is client facing?

• Real Estate

  • State of the NY real estate market

  • Return to work in office, hybrid incentives, enforcement 

  • Rethinking real estate commitments

  • Space redesign; latest trends

  • Right sizing offices

• Talent

  • Mergers, Groups, and Laterals

  • State of the market for mergers, groups and laterals including cross-border tie-ups

  • How to blend two or more cultures

  • Integration of laterals; integration of associates

  • Role of business services professionals

    • Decision making authority

  • Short term and long term planning