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The John G. Kelly Editorial Comment:
Trends! That’s the central theme of this issue of the Litigation Management Report. The E-Billing Systems Intelligence Report in the Litigation Management Strategy section of this issue will probably surprise many litigation managers by indicating how far ahead of their corporate legal department colleagues they are in buying into e-billing systems. Although not surprising, litigation managers may well find it interesting to find out that they are not alone in fighting off the paternalism factor in selecting outside panel counsel. The emerging developments in strategic management applications for e-billing systems that litigation managers are now seeing is a response to the burgeoning interest in e-billing systems by the corporate legal department market. They have learned valuable lessons from the pioneering work of litigation managers, but litigation managers may well learn a thing or two from them – read for details.
The John G. Kelly Report contains two sections this month. The first is a short interview with Jim Copland of the Manhattan Institute, on some of the factors weighing in for John Roberts Supreme Court nomination. There’s nothing new about the nomination as such. However, I thought that litigation managers would appreciate a heads-up on some of the positive business/insurance implications associated with this appointment which might signal a new trend for the court.
The notice on the UTBMS Litigation Code Set Update is just that; notice that a core group of 25 senior managers from the insurance industry are taking a look at the code set ten years after its introduction to see if – and if so – how it can be improved to better respond to the insurance defense bar. The next issue of this publication will contain a detailed report on the findings of the survey.
Ideas can be controversial and potent indicators of emerging trends in society. Read what Richard Florida has to say about issues like gay marriage from a business perspective. Is this a trend or a dead end? You decide.
Enjoy the read.
John
| Litigation
Management Strategy |
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An E-Billing Systems Intelligence Report
Law firms pad their bills! That is the opinion of more than one third (35.3%) of General Counsel (GCs) who participated in a recent survey conducted by Corporate Legal Times. Moreover, approximately half of the same respondents (47.5%) identified billing disputes as the main cause of disputes between law firms and corporate legal departments. This is not news to insurance litigation managers. However, what is news is that despite these problems the same survey found that 90.8% of respondents were not requiring their law firms to submit bills through an e-billing system; the prerequisite platform for initiating a bill management program to address these problems. Why? This feature article will examine the reasons for their reticence and suggest trends to look out for in the foreseeable future... click here
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| John
G. Kelly Report |
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Insurers to Look into Updating UTBMS Litigation Code Set
There’s more to the UTBMS Litigation Code Set than the “task coding” of legal bills for e-transmission through electronic bill systems -- much more. UTBMS has been designed to be a full blown alternative to the billable hour method of budgeting, planning, and the measuring of performance in litigation case management. Insurers are now looking to exploit its full potential with the emerging generation of value adds to e-billing systems which have the capability to support business intelligence applications. A review committee has been set up by a core group of insurers to look into updating the code set to make it fully compatible with insurance defense applications and the current technology. Mark Puccio, V.P. Zurich Insurance and Bob Peahl, V.P. AIG, are co-chairing the review committee… click here
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| Ideas |
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The Flight of the Creative Class
The New Global Competition for Talent
By
Richard Florida
Harper Business- An imprint of Harper Collins Publishers
So how can creativity best be harnessed and sustained for economic growth? What powers economic growth? What do we need to do to ensure prosperity in the next century? The answer lies in a formula I call the 3 Ts of economic development: Technology, Talent and Tolerance. Economists have typically emphasized the first two Ts, but to truly prosper in the creative age, all 3 Ts, and especially the third one, tolerance, is essential... click
here to learn more
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