Legal Business

Recent Posts

Can Lawyers Learn From Best Buy?
Posted on 17 Jan 2012 by Steven B. Levy

Larry Downes in Forbes has an article on the decline and (they presume) fall of Best Buy . Other than the hagiography of Amazon.com, 1 there are some very interesting points in the article. Before you read it, though, consider what you think intuitively... Read More

Big Waves and Black Swans: Project Management Lessons From TEPCO, Part 2
Posted on 8 Jun 2011 by Steven B. Levy

This article is part 2 of a four-part series on project management lessons from the tsunami that damaged the TEPCO Fukushima Dai-ichi nuclear complex. Yesterday, I noted three big project-management errors in their risk analysis . They missed a... Read More

Failure Is an Option: Project Management Lessons From TEPCO, Part 3
Posted on 8 Jun 2011 by Steven B. Levy

This article is part 3 of a four-part series on project management lessons from the tsunami that damaged the TEPCO Fukushima Dai-ichi nuclear complex. Tuesday, I noted three big project-management errors in their risk analysis . Yesterday I described... Read More

Project Management Lessons From the TEPCO Tsunami Mess
Posted on 1 Jun 2011 by Steven B. Levy

The Associated Press now has a copy of the tsunami plan for the TEPCO Fukushima Dai-ichi nuclear complex. It's two pages long and ten years old. (The AP calls it one page, but it's a double-size page.) There's some discussion of... Read More

Four ways lawyers should improve project management – A litigator’s view
Posted on 15 Jun 2011 by Jim Hassett

This guest post was written by Jonathan Cooper , a partner and trial lawyer at Tucker Ellis & West . It is an edited version of an essay he wrote as a participant in our Certified Legal Project Manager TM program, after completing readings from... Read More

When Stealing is Good
Posted on 4 May 2011 by Steven B. Levy

(Hang on, we'll get to the application of this principle to Legal Project Management in a while.) To paraphrase Gordon Gecko, stealing, for want of a better word, is good... in baseball. Or so I've been trying to teach my son. "But... Read More

Asking Questions to Which You Don’t Know the Answer: Project Management Lessons From TEPCO, Part 4
Posted on 8 Jun 2011 by Steven B. Levy

This article is part 4 of a four-part series on project management lessons from the tsunami that damaged the TEPCO Fukushima Dai-ichi nuclear complex. Tuesday, I noted three big project-management errors in their risk analysis. Wednesday, I described... Read More

Pricing (Part 2 of 6): The cost-plus approach
Posted on 30 Nov 2011 by Jim Hassett

A few weeks ago, when I gave a speech at the retreat of a 1,000 lawyer firm, a senior partner asked: "In your experience, how do large firms determine costs?" I replied: "Mostly, they don't. Until recently, most firms were making... Read More

Pricing (Part 1 of 6): What lawyers need to know and why
Posted on 30 Nov 2011 by Jim Hassett

Some law firms are going to large companies and offering to do all their legal work for one fixed price, but the firms don't know how it will work out in the long run. I suspect in some cases it will come out really ugly. This prediction was... Read More

Legal project management: Fundamental shift or flavor of the month?
Posted on 8 Jun 2011 by Jim Hassett

Last month, the Canadian magazine Lexpert ran an article about legal project management that began by describing two partners at Stewart McKelvey who participated in our Certified Legal Project Manager TM program . The article went on to discuss... Read More

How to manage budget risks – The example of enforcing a non-compete
Posted on 14 Sep 2011 by Jim Hassett

This guest post was written by Richard Rosenblatt , a partner in Morgan Lewis's Labor and Employment Practice. It is an edited version of an essay he wrote as a participant in our Certified Legal Project Manager TM program . When we represent... Read More

Engagement letters vs. statements of work
Posted on 4 May 2011 by Jim Hassett

This post was written by LegalBizDev Principals Mike Egnatchik , Tom Kane , and Jim Hassett . At the beginning of a new matter, lawyers often specify its scope and fees in an engagement letter. The engagement letter is designed to clarify exactly... Read More

Has the Hourly Billing Model Become An AFA?
Posted on 2 Nov 2011 by Tom Kane

In a telephone conference earlier today with a client talking about legal project management and alternative fee arrangements, I was struck by a statement by one of the partners on the call. Although he recognized clearly that AFAs, especially fixed... Read More

How to define legal project management
Posted on 29 Jun 2011 by Jim Hassett

When I give speeches, I usually include a slide that defines legal project management. But until recently, I had not been satisfied with my own slide. Legal project management is an emerging area, and no one can be sure what it will look like in a... Read More

Legal Project Management Can Help You Get the Fees You Deserve
Posted on 4 May 2011 by Tom Kane

Many lawyers are reluctant to discuss money with clients upfront. I know when I practiced, it was a topic I would shy away from as much as possible. But, in this day and age, that is less of an option. Clients are more demanding regarding what they... Read More