Issue link: https://epubs.iltanet.org/i/7694
ILTA White Paper The Business of Law 6 T he rising tide of cost pressure is lapping at the shores of law firms and legal departments. Alternative fee arrangements (AFAs) represent uncharted waters in which many firms –– and clients –– fear potential reefs and shoals lurking just below the surface. Business-side clients with increasing demands steer the ship one way, while shrinking legal budgets pull it the other. How do legal practitioners navigate not just a safe course but one that speedily moves them in the right direction? Legal project management (LPM) provides a very practical route through potentially stormy seas. It features minimal process overhead; a low buzzword quotient; and most of all, a set of techniques, tips and tools that attorneys can apply to quickly take control of their legal projects. The goal is not to turn attorneys into full-time project managers. Indeed, LPM steven b. levy lexician Controlling Costs with Legal Project Management