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While good business development and well-crafted fee quotes get clients in, it is good legal project management (LPM) that keeps them. However, without a solid foundation in data, your LPM team is likely to be nothing more than a showpiece. We explore the data you need, and the tools at your disposal to truly scale legal project management.

LPM needs data to scale

LPM is essential for firms as it keeps matters on track, it improves firm-wide profitability and it strengthens client relationships. However, LPM is often held back by the lack of data or oversight available in a firm. What follows is a short case study on the data law firms regularly use and the types of insights legal tech tools such as Clocktimizer can offer. It should act as a guide to the type of data and level of analysis essential in LPM. READ MORE

3Today legal consumers are calling the shots, demanding more choice, transparency, competition, price predictability, and direct access to providers. As things drastically change for law firms, Legal Project Management rises to meet the demands of modern legal practices.

Welcome to the second decade of Legal Project Management (LPM), a revolution to modern practices that is changing how we practice law forever.  The International Institute of Legal Project Management (IILPM) defines LPM as “the application of project management principles and practices to enhance the delivery of legal services.”[1]

Change has been slow in the legal profession that saw the billable hour dominating since the beginning of law itself. As the wheelchair athlete Art E. Berg used to say, “the impossible just takes a little longer,” and the impossible is now taking place with lawyers. They have been pushed out of their comfort zones to become incredibly creative, problem-solving, and interactive players in the field. READ MORE

 

2One of my friends is a construction project manager. He oversees large commercial building projects, making sure the right things happen at the right time, in the right order, in the right amount, and at the right cost. He’s deeply trained in the project management discipline, very good at what he does, and is well compensated.

Many lawyers would bristle at the idea that their litigation, transaction, and compliance work could benefit from a dose of rigorous project management. They are good at what they do and have their own “systems” for planning and keeping track of what they do. But using calendar and docket systems is not project management. Project management as a discipline focuses on developing the tools and skills to proactively scope, plan, budget, execute, evaluate, and communicate about a given undertaking, whether it be delivering a product or a service. Of course, most lawyers would like to think they do all that too, but a number of trends are demanding that they do so in a far more structured and skilled manner. In short, the demand for disciplined project management in the legal services industry is on the rise. READ MORE

1About 25 years ago I was having drinks with the GC of a F10 company whose business would later send my daughters through school. Over a second drink, as we peered out at the skyscrapers soaring above us–we were on the 42nd floor–he said, “So Mark, do you really think that litigation can be done on a fixed-price basis?” “Bill”, I replied, “you see those buildings out there? They were all built on a fixed price in the middle of Chicago, so don’t you think a litigation matter–or portfolio–can be billed that way?” READ MORE

435TTbannerDigital transformation seeps into every aspect of business nowadays, even in the field of telecom project management. This development is a reflection of the larger phenomenon of IT-telecom convergence that is happening today. Dan Zygmunt is at the forefront of this crucial development as the VP of Telecom for Sitetracker, a B2B SaaS project management platform. He joins Carrie Charles in this conversation to discuss what Sitetracker uniquely offers to the telecom industry and what sets it apart from its competitors. He also shares a bit about his own transition to the tech side of telecom, which very much mirrors the larger movement of talent towards that space. READ MORE

NEW YORK – April 29, 2021 – Forbes today is unveiling its inaugural CIO Next List, which spotlights 50 technology leaders who are reshaping and redefining their role in a fast-changing world. Chief Information Officers have been at the forefront of driving digital transformation initiatives during the pandemic and forging a path forward.

“The pandemic has dramatically accelerated the pace of digital change and underlined the strategic position that CIOs now occupy at the heart of groundbreaking companies,” said Martin Giles, Senior Editor, Forbes CIO Network. “By harnessing advanced technology to achieve their goals, these forward-thinking executives are profoundly transforming the ways in which business is done. READ MORE

 

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