A General Counsel's Take On LPM & Foreseeability

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In this article, one Chief Legal Officer describes how he uses LPM to assure that he obtains both predictable pricing as well as efficient services from outside law firms.

Here's a sample: "LPM makes a difference in helping firms work within agreed budgets, increase budgeting proficiency, improving communications and – a pressing priority for us these days – structuring value-based billing arrangements. Yes, LPM requires an upfront investment of time, but it can be adjusted to fit the circumstances. Not every engagement requires an elaborate project charter, yet every engagement requires that the parties agree upon their assumptions and look to the future."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pamela Woldow, Edge International | Attorney Advertising

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