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The LOPSided Podcast

The LOPSided Podcast

Business

Episode 6: Getting ahead of the game - Changing how law firms and clients consider commercial risk.

Episode 6: Getting ahead of the game - Changing how law firms and clients consider commercial risk.

2024-08-26
Download

In episode six, LOPSided Podcast host John O'Donoghue is joined by Steve Jones (Managing Director of M&A, Litigation and Tax at AJ Gallagher) to discuss which insurance backed solutions are available in the market, how they are helping law firms and clients to consider risk in a different way, and the vital role that Legal Operations professionals play in getting these solutions from theory to application.

The podcast covers key topics including:

1. What are the main insurance backed products in the market and what do they do?
2. Satisfying the lawyers professional obligation to offer ATE insurance to their clients.
3. How these risk transfer solutions can also be used on defendant/respondent cases.
4. What are Law Firms or clients actually buying?
5. The insurance backed solutions that are experiencing the most growth.
6. Law firms missing the opportunity to get ahead?
7. How many firms are joining the dots on pricing, AFAs and commercial risk transfer options?
8. Understanding more about Judgment Preservation Insurance (JPI) a product we're hearing lots about.
9. Understanding how litigation funder "multiples" work.
10. Leveraging LegalOps professional to identify the commercial drives and manager client expectations.
11. How the early adopters are reaping the benefits of this as a USP.
12. Is legal expense insurance a disruptor or facilitator for Litigation Funding?
13. The benefits of having an LPM acting as the conduit to all parties involved.
14. The process for pricing professional bolting insurance backed solutions onto risk based AFAs.

IMPORTANT NOTE: The views and furthermore all views shared by the presenters and guests of this podcast in no way reflect the views of current nor previous companies that employ them.

All views and expressions reflect personal views and not those of any affiliated businesses. Listeners should consider these discussions as personal perspectives and not official stances endorsed by any organisation. Always seek professional advice and verify information independently.

view more

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Episode 15: The Talent Equation - Skills, Strategy and Self Identity
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Episode 14: Growing Key Clients - Why Law Firms need to stop pitching for everything.
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Episode 13: Legal Project Management - Winning hearts, minds, and mandates.
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Episode 12: GenAI - Practical application in legal service delivery.
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Episode 10: Recruiting, retaining, and developing the best LegalOps talent.
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Episode 9: Law firm pricing - a 360 view
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Episode 8: Clients don't like that - The business of relationships.
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Episode 7 - How Legal Operations capabilities can enhance a law firms value proposition.
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Episode 5: Navigating AI & Digital and successfully implementing strategy in law firms
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Episode 4: Are innovative insurance backed solutions a cheat code for law firm pricing?
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Episode 3: Leveraging Law Firm data - Using your data to improve business performance.
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Episode 1: Mastering Legal Efficiency - The role of Legal Project Management in Law Firms.
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Episode 2: Moving from cost of service to value of service - What Clients really want and value.
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