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19
Effective Legal
Portfolio Management
Services
B Y A P R I L H E I M E R L , H O L LY H A N N A H , A N D A N N E C H R I S T M A N
F
irms need a clear vision on what is
currently happening in their projects
and the ability to plan for the future.
Regardless of the methodolo used to complete
an individual project, there is high demand for
complete transparency into the overall project
portfolio as a whole. Firms need to see the
complete health of all projects within both its
practice and administrative groups.
Legal portfolio management services are
critical to aligning the firm's strategic initiatives
with technolo project requests to drive
innovation and delivery of value-add projects.
An effective portfolio management program
enables firm leadership a clear line of site into the
health of projects.
Legal Portfolio Management is a centralized
management process to manage and maintain a
firm's project portfolios. It serves to:
• Evaluate the demand of incoming project
requests
• Identify the high-value projects to the firm
• Select projects that will alignment with the
firm's business strate
• Prioritize projects