6. Horizon Scanning: How Can Law Firms Improve their Horizon Scanning Skills?
There are clear guidelines law firms could follow in order to improve the output of Horizon Scanning activity undertaken for a client.
May 11, 2021 at 02:14 AM
3 minute read
The original version of this story was published on Lean Adviser
Based on the research ALM conducted with global general counsel, there are clear guidelines law firms could follow in order to improve the output of Horizon Scanning activity undertaken for a client.
|- Make horizon scanning a regular update for clients as part of a communication plan — don't wait until asked and don't do as an ad hoc activity.
- Don't use horizon scanning to get more billable hours or more work — use it to strengthen the relationship. That will pay off again and again.
- Don't just use horizon scanning to discuss risks, also use it to discuss opportunities.
- Make sure horizon scanning insights are tailored very carefully to the client's industry and specific business.
- Don't just send via a client alert — as you know, your clients are inundated with advisory alerts from law firms. Make it part of the meeting cadence and indicate when you will provide this update in the project plan.
"Horizon scanning tends to come in the form of newsletters — which get lost in the inbox (generally amongst all the other newsletters). In an ideal world a firm would know what matters to us and would pick up the phone or at least drop a tailored communication. It's a question of better targeting through more obvious and direct communications."
One of the most insightful comments from the research is a simple question a general counsel asks him/herself. This is our key takeaway and will be guidance we will return to throughout our discussions about Horizon Scanning.
The most critical step in the law firm's development of insights from horizon scanning:
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllWill Trump Be a Boost to Quinn Emanuel's Fortunes in China?
Pa. Judicial Nominee Advances While Trump Demands GOP Unity Against Biden Picks
4 minute readContract Software Unicorn Ironclad Hires Former Pinterest Lawyer as GC
2 minute readTrending Stories
- 1Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 2Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 3Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
- 4'It Refreshes Me': King & Spalding Privacy Leader Doubles as Equestrian Champ
- 5Class Action Filed Against Houston Health Savings Account Firm for Allegedly Confiscating Client Funds
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250