JordanFurlong + standards   7

SALI: Open legal industry standard formally launches | Legal IT Insider
As with any standard, SALI’s success or failure will depend upon adoption. “This new standard has the potential to bring forward many of legal procurement’s dreams about effectiveness and efficiency,” said Dr Silvia Hodges, CEO of Buying Legal Council, “Clients should quickly adopt the new standard and expect their firms to use it.”

The release follows the recent contribution by Bloomberg Law of several taxonomies to the SALI Alliance.  “Open legal standards like SALI are a critical component of providing transparency and accelerating innovation in the legal marketplace,” said Joe Breda, president of Bloomberg Law. “For this reason, Bloomberg Law is proud to not only serve as a member of SALI but to have contributed some of our proprietary taxonomy to the open standard.” Bloomberg Law has provided taxonomy codes for U.S. Governmental Bodies, U.S. federal statutes and international organizations.”

While much of the focus of SALI is currently in the US, the ambition is for the standard to be global.

“This draft of the standard is the collective work of many people and organizations. Notably, Bloomberg Law and the Free Law Foundation have made major contributions of codes for U.S. Governmental Bodies and U.S. Courts that are used in more than 5 million publicly available documents,” said Toby Brown, SALI Board president.

“The work SALI is doing to establish industry standards on matter types addresses two critical problems facing the legal industry: first our continuing quest for value-orientation and second, extreme inefficiency in the buying and selling of legal services,” said Jae Um, Director of Pricing Strategy at Baker McKenzie.
ops  standards  pricing 
10 weeks ago by JordanFurlong
SALI Alliance - SALI Alliance Announces Version 1 of Matter Standard
Unlike typical legal matter work type codes, the SALI matter category standard offers enhanced flexibility to slice and dice matter data, particularly when used to aggregate information from multiple organizations.

The SALI Alliance founding principle is industry inclusiveness for firms, clients, organizations and industry technology service providers. SALI was created to ensure all stakeholders in the industry have a voice to shape the most useful and relevant standards that will create a common language to drive efficiency and serve as a foundation for innovating.

The Legal Marketing Association (LMA) and the Association of Legal Administrators (ALA) are the two founding organizations of the SALI Alliance, and SALI’s board consists of Toby Brown, Chief Practice Management Officer at Perkins Coie LLP; Oliver P. Yandle, J.D., CAE, ALA’s executive director; and Kat Seiffert, LMA’s interim representative and head of marketing.

“It is exciting to see the standard come to life with our first release and reference implementation," said Toby Brown. "Our progress will accelerate now that it is being deployed in real-world settings both in law firm and client environments. We are now marching forward from the drawing board to actual practice."
standardization  standards 
february 2019 by JordanFurlong
Will a New 'Standard' to Describe Legal Work Help Innovation Thrive? | Legaltech News
The Standards Advancement for the Legal Industry (SALI) Alliance last week published an initial set of codes that it hopes will ultimately serve as a new language to describe legal matters. That standard language, the group says, will allow clients to compare how law firms performed on similar types of matters and, in turn, help foster more value-based competition and innovation in the legal market. It will also help law firms better understand the costs they’ve historically incurred for certain types of work.
standardization  standards 
february 2019 by JordanFurlong
Standardized Legal Security Assessment Should Be Reality, Says CLOC | Legaltech News
With this in mind, CLOC is looking to streamline the process through an ongoing initiative that will ultimately look to provide corporate legal departments with a common set of criteria and methods through which to scrutinize cybersecurity. Tully laid out seven criteria that, from his work both at Gilead and previously at Qualcomm, are necessary in any sort of standardized assessment:

Assessments of all vendors, not just a small subset;
An ongoing thorough assessment process, rather than one time at onboarding;
Auditing vendor responses, not just rely on vendor self-reporting;
A cost-effective solution, without affecting quality of assessment;
The ability to leverage security assessment information at the time of choosing a vendor, i.e., within a matter management or e-billing tool;
Remediation advice and assistance, to help our vendors improve their security posture; and
The ability to benchmark our vendors.
Sound like a lot? Perhaps. Tully noted that when coming up with an initial assessment at Qualcomm that instituted all of these factors, it took him over nine months. But without asking these questions up front, he said, corporate legal departments can’t truly travel the road to security.
cybersecurity  data  standards  ops  clients 
april 2018 by JordanFurlong
The Legal Industry Now Has a Standards Body: Announcing SALI | 3 Geeks and a Law Blog
The result is the SALI Alliance. SALI is short for Standards Advancement for the Legal Industry.

SALI was initially funded (graciously) by the LMA and the ALA. These two organizations saw the compelling need to establish a standards body and stepped up with seed money to get it started. These two organizations also present great opportunities to market standards via their existing membership outreach abilities. Going forward, SALI will be a member driven effort, involving those organizations that see the tremendous value in such an effort.

As noted above, the first standard will be on matter types (also known as area of law codes). From there, other standards can be proposed and driven through to published status. We already have a few ideas in the queue, and expect more to come as people think about various aspects of the profession that will benefit from standards.
standards  pricing 
april 2018 by JordanFurlong
It’s the Service Model, Stupid – rethinking.legal
If firms were really interested in service, then:
Lawyers would know how to price their work and make money, no matter the pricing mechanism. Most pricing done by even big firm lawyers is accomplished by tweaking standard rates and multiplying by actual or expected hours. Even working with something as simple as the billable hour, most lawyers have no idea where break-even points fall. Indeed, most really don’t understand the basics of how their firms make money.
But a firm committed to answering client requests for pricing flexibility and certainty would insure that all their lawyers had command over these most basic of business skills. People making day-to-day pricing decisions need to know how to price, and have the tools and support to do it well. It’s as simple as that.
Fixed pricing and other Alternative Fee Arrangements would be menu items for any client. When asked by clients to provide fixed fee alternatives to hourly billing, most firms protest that they cannot possibly project all of the variables that might affect the cost of doing a deal, or litigation, or other legal matter. But the lie is given to that by firms who already use fixed fee pricing for even complex matters — complex litigation, for example. Bartlit Beck is a leading litigation firm that uses only fixed fees and performance bonuses; no work is billed by the hour. And it does just fine.
service  standards  client  firms  pricing  process 
may 2017 by JordanFurlong

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