The global trend for legal project management is driven primarily by the move toward fixed price legal services, providing the systems and processes to deliver legal matters and still maintain profit.
In moving to any form of fixed price solution, the calculation of costs for the legal matter becomes critical, combined with the required systems and processes to deliver the legalservice whilst managing client expectations, and balancing the risks, issues and variations, whilst striving to retain profit.
Lawyers leading a legal matter are effectively legal project managers, however a shift to new financial models calls for a more robust approach to planning and estimating costs and then managing the delivery process.
Legal Project Management (LPM) is the application of project principles to law practice, and incorporates technology enablement, and process improvement to assist a legal practice in moving to a more competitive model.
In this session, adjunct Associate Professor Todd Hutchison will be sharing insights into:
- Why fixed price legal services are becoming a critical competitive positioning factor
- How fixed priced models drive productivity and backend efficiencies
- How to understand and overcome the resistance to change
- How the legal project management approach facilitates the transition
- Insight into the toolbox of legal project management, and
- How to approach the change whilst managing the risks