With Alternative Fee Arrangements becoming a becoming more and more prevalent, if not soon the most commonly used billing arrangement used by law firms and demanded by clients, the key to success and profitability of such arrangements are trained legal project managers. Accordingly, evry law student, young associate and certainly every lawyer within a firm needs to be trained in the application of LPM techniques. LPM must be taught begining at the law school level. In addition, law fims must be staffed with non-lawyers LPM professionals.
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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.
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