Analysis of Baker Botts' Knowledge Management System Report

This report provides a comprehensive analysis of Baker Botts' knowledge management system, focusing on the implementation of the iManage cloud solution. It begins with an overview of Baker Botts, a renowned law firm, detailing its structure, services, financial performance, and competitive landscape. The report then delves into the IT KM solution, specifically the iManage cloud system, discussing its adoption, implementation process, and knowledge management strategies. It highlights the new capabilities of the system, its impact on the firm's operations, and the major benefits realized, including increased efficiency, improved data management, and enhanced agility. The report also examines the business goals associated with the IT project, success metrics, and the significance of the system for future business growth, concluding that the iManage cloud system has significantly contributed to Baker Botts' effectiveness and efficiency in data tracking and overall business performance. The report also discusses the importance of IT in knowledge management, and the benefits of the iManage cloud system for Baker Botts.

KNOWLEDGE MANAGEMENT
SYSTEM

Introduction
• Knowledge management system actually defines any or every kind
of system related to IT that uses to retrieve and store knowledge,
improves communication and collaboration, locates the sources of
knowledge and uses to capture and utilize knowledge. On a
precise note it enhances the effectiveness of the knowledge
management process. The knowledge management system uses
to be made up of various software modules permitted by the user
interface. Most of the features of this system supports data mining
regarding customer histories with the scope for sharing electronic
documents. This system can actually serve the purpose of better
sales, helping decision making and business growth. This report
has presented a view of how the company Baker Botts has
improved its business effectiveness and growth by implying the
system.

PART A

Overview and ownership of the organization
• Baker Botts is one of the famous and renowned law firms based on
United States that is consisted of 725 lawyers and holds a well reputed
background of important political connection and a large number of
client database.
• The company has its headquarters at Downtown Houston in Texas
along with 15 branches all over the world.

Company ownership
• Andrew M. Baker is the current managing director of the
company. They are associated with a prestigious group named
Lex Mundi which is comprised of 160 different and renowned
law firms internationally. The association with the group has
helped them to serve their clients better and more profoundly
by giving them the immediate and required access to several of
the law firms globally. Baker botts actually serves the Lex Mundi
group for Texas. It has been associated with a council as well
namely “The Pacific Rim advisory” which is also an association
of global law firm having exclusive strategic alliance in the
international legal community that provides the exchange
related to professional information within its top 30 tier
members of law firm.

Service provided
• As a law firm Baker Botts commits their
talents and energies to be the most
trusted and valued advisors to their
clients by presenting them effectively in
the market all over the world.
• They define a continuous effective and
unremitting effort of the lofty professional
standards for the service provided to the
clients.
• They mainly deal in the industrial area of
finance and banking, Natural resources
and energy, technology and
manufacturing.

Financial Performance
• As one of the leading global law firms Baker botts has been able to generate an
exceptional revenue by every year end.
• In the year 2016 the gross revenue of the firm had been increased with a 20%
profit that is exactly of 846.5 million dollars. The net income has been risen to
434.8 million dollars that counts the increase of approximately 44.5%.
• The profits regarding the sphere of the partners has been increased by almost
37% as 2.465 million dollar per head. The revenue has been risen up to 18% in
the year of 2016 which has made it topped the million mark of $1.0.

Mission, Vision and strategies and Main
Competitors
• The main motto of the company Baker Botts is
to serve their clients with the best advices.
• The firm holds a vision of treating its client with
utmost care in advising proper solution to them.

Mission and Vision
• Nowadays in such a competitive world
everyone has competitors. In this case Baker
Botts has some parallel and similar companies
that challenge them a good competition.
“Sullivan & Cromwell”, “Davis Polk Wardwell”,
“Simpson Thacher Barlette” are some of such
companies that use to promise a gruesome
threats to the company with their services.

Major market trends and Stakeholder
requirements
• The market trend is said to be a tendency in financial market to grow in a
specific direction.
• These kind of trends have been classified into two categories such as frame of
long time and frame of short time.
• By using the every tool Baker Botts has also strategies their plan and market
trend which signifies a definite growth for them.
• As Baker Botts has been considered one of the best law firms therefore, it
definitely establishes an obvious market position in the business market of
law firms.
• The needs of stakeholders and the requirements actually demonstrates the
picture of the people of business operations level.
• It includes users, customers and some other stakeholders in the regard of
relating to the same opportunity or the problems well.
• For the proposed solution a bunch of requirements get set that can promise
the service that is needed by the stakeholders in a told situation or
environment.

Market Trends
• A guidance of analyzing tools and other
cycles stakeholders use to frame a
structured procedure to eradicate the
problem. In some of the casers chances
are high that these actions needed by
the stakeholders can be transformed
into another redefined structure of
documented requirements that are used
to be called as a model on the specific
zone or sphere. In the section of
stakeholders’ requirement it focuses on
the matter of addictive manufacturer of
diesel fuel with Texas commission about
the environmental quality as the
treatment of the fuel should meet
requirements of low emission program
of Texas. The stakeholders in this matter
should meet the needed achievements
and desired goals.

PART B