The material below is an excerpt
from the second edition of my Legal Project Management Quick Reference Guide , which is now available.
Copies have already been shipped to purchasers from firms with a total of
over 16,000 lawyers, who pre-ordered...
Buy this book. (Right after you buy mine .)
Project Management for Lawyers was written by two experts in this emerging field: Barbara
Boake , a senior partner at McCarthy Tetrault , and Rick
Kathuria, a certified Project Management Professional at...
This two-part series was written by LegalBizDev Principal Steve Barrett , former CMO at Drinker Biddle. It is based on an article that will appear in Of Counsel: The Legal Practice and Management Report.
Approaching the second anniversary of the September...
There's been some controversy lately about who was the first to offer
certification in legal project management.
There does not seem to be any dispute about the facts. Last November,
when we announced the start of our demanding Certified Legal...
The failure of the billable hour to die is back in the news.
In a recent AmLaw Daily post entitled The Billable Hour Endures , former Kirkland & Ellis partner Steven Harper argued that, "Regularly over the past 20 years, optimists have declared...
This three-part series is reproduced from the LegalBizDev Survey of Alternative Fees , a research report based on in-depth interviews with chairmen, senior partners and C-level executives at 37 of the largest law firms in the US.
This series of posts is a slightly
extended version of an article that appeared in the July 2011 issue of Managing Partner magazine .
download a PDF of the published version of my article, click here.
Firms that are looking for more
In recent months, a substantial part of our firm's practice has involved working with law firm partners to improve their compensation systems. (I am currently working on four such projects with firms in Latin America and Africa.)
In my opinion, any lawyer who wants to understand the nitty gritty details of how non-hourly fees really work, from pricing to project management, should buy Pat Lamb's new book Alternative Fee Arrangements: Value Fees and the Changing Legal Market...
A few weeks ago, Three Geeks and a Law Blog ran
a post entitled "Is it 'legal' project management or just project management? ,"
which included very interesting comments by a who's who of thought leaders in
the field, including...
If you still don't like the idea of offering clients alternative fees or value pricing options, then how about just letting the client decide how much they want to pay for legal services? WHAT!!!, you say. A pretty far fetched (or ludicrous) idea...
Adam Smith, Esq. has an excellent piece this morning , based on a Legal OnRamp thread, questioning whether corporate clients are actually demanding the changes so many of us are talking about, from alternative fees/value-based billing to legal project...
In 2010, 60% of Tucker Ellis & West's revenues came from non-hourly fees. In the seven years since the firm was founded, alternative fee arrangements (AFAs) have been growing in importance year by year. The firm currently has 160 lawyers in Ohio...
This week's post comes from the preface to my new book . The preface starts by explaining how to use the book's tools and templates to improve profitability and client service, then transitions to the material below, explaining why project management...
Nobel Prize laureate Paul Krugman has a very important column in today's New York Times . His title "The Third Depression," along with the thoughtful analysis that he presents, communicate a clear warning to law firms that depend heavily...