I had an idea to use sports statistics for a long time as a basis for preparing practice indicators for laws and I was more interested after reading Moneyball from Michael Lewis.
What do these indicators look like? To kick off things, we recommend that you consider three true results. This concept is used to evaluate pitchers in baseball. Typically, a baseball statistician's expert (often known as a "Sirkama"), when the batter hits the pitch and places it in play, the pitcher knows whether the pitch has been out or hit In order to be allowed to drop in. Therefore, in order to evaluate the actual performance of the pitcher more accurately, it is often to focus on what the pitcher can control instead of the fielder behind the pitcher.
(1) Homerun.
(2) blow.
(3) Walking.
While reading the Sabetmetrics blog the other day, I noticed that the transaction work spent on my entire career work was very similar to throwing. There are aspects to fully negotiate a contract within my control range, others are not so (for example, obtaining a response from a client, obtaining a response from a partner, obtaining a partner 's revision, etc).
What can I control? I think there are at least three real outcomes for transaction lawyers.
(1) The first client conference. Here we will submit the first draft of the agreement and gather all the important information from the client necessary to establish a negotiation strategy approved by the client.
(2) First draft to the other side. This is the place I will send the first draft to the other side for review.
(3) Turnaround for revision. This is because after receiving the revision proposal from the other side (or the first draft if I am not managing the paper), by turning the draft and providing my revised version for the review of the other party takes.
Legal 3 How is the true result formulated statistically? Well, you can create cycle time ("CT") statistics and check attorney's CT regularly. This will allow you to quickly grasp the attorneys that your organization's lawyers have posted drafts quickly and the lawyers that are not. One also disassembles it at each outlet,
(1) 1CT: Take a look at how long it will take to create the first draft and develop a negotiation strategy approved by the client.
(2) 2CT: Know how long it took to provide the 1st draft to the opponent (for the transaction I will do the 1st draft).
(3) 3CT: Knowing how long it took the draft after receiving the revised version from the other side (or the other side drafted the first draft).
Of course, as with any statistics, the attorney's efficiency may or may not be reflected. For example, a lawyer with a very fast CT may not comply with an effective negotiation strategy and may unnecessarily prolong negotiations with infinite revisions. However, this risk applies to all statistics.
What statistics are valid is to draw attention to problems that may otherwise be unnoticed. In the world that often calls the legal group "sales prevention department", it is necessary to determine who actually advances the ball and who is not, analyze what an efficient lawyer is doing, analyze all People's performance can be improved.
Without statistics, this can not be done effectively. Bat up.
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