7 Things Lawyers Should Know About Project Management

About 25 years ago I was having drinks with the GC of a F10 company whose business would later send my daughters through school. Over a second drink, as we peered out at the skyscrapers soaring above us—we were on the 42nd floor—he said, “So Mark, do you really think that litigation can be done on a fixed-price basis?” “Bill”, I replied, “you see those buildings out there? They were all built on a fixed price in the middle of Chicago, so don’t you think a litigation matter—or portfolio—can be billed that way?”
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Finding Value In E-Billing

Hyperion's newest TrendView™ Report seeks to better understand a topic that has never previously been reported on: the costs - real and realized - to law firms of using third-party e-billing systems required by their clients.
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How Important is Collaboration for Lawyers?

“Collaboration” as applied to lawyers is like “student athlete” to big-time college football and basketball players: more feel-good myth than reality. Because lawyers—like elite athletes—have been taught that competition yields winners and losers; theirs is a zero sum game. Yes, there are teams/firms, and one is encouraged to be a good teammate/colleague, but star ballers become pros just as top lawyers are paid like them.
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The Reluctant Rise of Project Management in Law

Snapshot: Project Managers in the U.S. versus the UK According to the Altman Weil Flash Survey “Law Firms in Transition 2014,” 41.3% of the law firms surveyed (including 42% of the 350 largest US law firms) reported that training in Project Management (“PM”) is key to increased efficiency in legal service delivery. The surprise is that 58% of the surveyed firms do not recognize the key role PM plays. The numbers are markedly different across the pond where large law firms have routinely deployed project managers for several years. The countries’ different regulatory climates might account for the disparity; the UK’s green light to alternative business structures (“ABS”) has infused their law firms with a more business-like approach to legal service delivery.
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Mobility - The Next Frontier of Content Management

Smartphones and tablets are not merely the legal professional’s gadgets de rigueur, but have rapidly established themselves as critical productivity tools.  Legal operations managers are moving quickly to meet the needs and demands of a consistent wave of evolving and emerging mobile technologies.  Mobility has been added to the landscape of legal IT solutions.
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The Rising Prominence of Cloud DMS

The use of externally hosted systems is a hot topic in today’s legal technology world.  Once considered a non-starter, there is an emerging openness to the use of systems and data residing outside of the traditional “behind the firewall” infrastructure model.  The change in approach has followed the broader business technology trend towards more efficient and effective use of external infrastructure available through Cloud-based and SaaS systems.  Document management has followed a similar course with a keen interest in law firms and corporate law departments evaluating these new models.
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SNEAK PEEK: Value, Priority and Investment in Legal ECM

Hyperion Research is preparing to release our MarketViewTM Report: Document Management Systems for Legal, updated for 2015.  As a high priority solution area, DMS is critical to how legal professionals create, manage and use their work product. Our coverage focuses on core document management capabilities, with a view of the broader context that clients are seeking from solutions that address the array of specialized content management needs, including structured and unstructured content.
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Despite Broad Adoption of DMS, Challenges Persist

Document management systems (DMS) are well-recognized as one of the highest priority solution areas for law firms and corporate law departments.  DMS sits at the core of how legal professional create, manage and use their work product, and how they collaborate among colleagues, clients and outside partners.  Representative of its importance, our research has shown that DMS is relatively well-established in both law firms and law departments.  Almost 80% of legal organizations report that they are using some form of system-based DMS; of DMS-enabled organizations, 65% report that at least half of their professionals are using the system.
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Enterprise Information Management for Legal

The role of information management has taken center stage as a critical IT issue facing legal practice management.
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Global E-Billing: Global Access and Data Privacy

Every step of the e-billing process, regardless of region, must be controlled through a combination of transport-level technologies and process-level controls. E-Billing programs must provide security against data vulnerabilities, including between physical and logical processing process steps. Suitable security related measures must be employed to ensure that trusted processes cannot be compromised.
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