It’s Time For Your Outside Counsel to Embrace Legal Project Management.

Alex E Proimos

LPM – Where the Rubber Meets the Road – Part 1 of 5
Scott Preston and Ryan McClead, 3 Geeks and a Law Blog
Unfortunately, the hourly billing model actively rewards inefficiency. If it takes fifteen hours to complete a task that should have taken five, then the inefficient lawyer has just tripled revenues. In such an environment even those attorneys that are inclined to actively manage their projects have no incentive to improve their management techniques and the profession as a whole has no impetus to evolve.

We may have continued indefinitely down this path with attorneys managing projects “by ear” and raising their rates ten percent annually, but the economic downturn in 2008 provided a much needed wake up call to the industry. (read the post)