Legal Project Management strengthen’s a firm’s ability to serve its clients while building profitability. (That’s an “and” proposition, not an “either-or” deal.) Legal Project Management helps you buildÂ five sources of sustainable competitive advantage:
- Client service;
- Time management;
- People management, leadership, and supervision skills;
- Profitability/project management and process improvement;
- Client-based business thinking.
The principles and techniques of Legal Project Management will benefit your firm whether you’re billing hourly or using some form of alternative fee arrangement. (Don’t let people convince you that LPM is only useful for AFAs.) It provides tools, tips, techniques, and approaches that add value at all levels within a firm, from equity partners to partner-track associates to junior associates to paralegals and support staff.
Even senior attorneys who are already highly effective at managing projects can pick up some new ideas — and may find participating in a Lexician training session the ideal way to examine, codify, and pass on what they’ve learned the hard way to those on the way to becoming future firm leaders.Â Adding or enhancing Legal Project Management skills reduces write-offs, strengthens client retention, and builds profitability.
Project management, though, is more than “plans and schedules.” It’s two words, and the “management” piece is as important as the “project” aspects. Legal Project Management helps project managers step up to become project, team, and people leaders.
The fact is, if you have a major role in a project, you’re doing project management — well or not so well, consciously or unconsciously. The better you become at it, the less time it takes and the less frustrating the inevitable rough spots will be, leaving you more time to do the work you really love… or go home earlier at night!
The Four Management Imperatives
Legal Project Management, as described in Steven B. Levy’s book Legal Project Management and as taught by Lexician, goes beyond “project administration” to the four management imperatives that define a successful legal business:
- Legal Project Management, to improve client service and responsiveness;
- Fiscal management, budgeting for profitability via the right trade-offs;
- Time/schedule management, to increase efficiency;
- People/team management, to lower waste and build effectiveness.
Does It Matter How Large Your Firm Is?
No. Legal Project Management can make a difference for any size firm.
(Lexician onsite courses are designed for firms with half-a-dozen or more attorneys, but we offer occasional master classes open to attorneys from firms of any size.)
Consider how Legal Project Management can make a difference to your firm today. And please consider Lexician as a partner to help you make that difference.