Using LPM To Keep AFAs Profitable
Join us for this Webinar on Friday, January 25, 2013 at
5:00 p.m. GMT / 12:00 p.m. EST / 11:00 a.m. CST/
10:00 a.m. MST / 9:00 a.m. PST.
Description:
Now that it is clear that new billing arrangements and competitive pricing are here to stay, firms are working to find ways to maintain their bottom lines. One promising method for meeting this challenge is legal project management (LPM).
LPM offers a systematic method to evaluate and price matters, and provides cost control mechanisms throughout the management of the engagement to promote a decent level of profitability. What is most challenging about LPM is the “L.” Project management has been around for some time now and is an established and effective method. But adding “legal” to the front of it can be like mixing water and oil. Getting lawyers to adapt their practice habits is no easy task.
Join a panel of experts to get some real-world insights from firms who are facing this challenge head-on. The panel will share lessons learned and practical ideas for implementing value-based fee arrangements and LPM in your firm successfully.
Speakers:
Mike Burks is the Pricing Manager in the finance department of Baker Donelson. He is a CPA with over 11 years of experience in law firm management and administration. Mike is responsible for the evaluation and implementation of value-based billing arrangements for the firm and provides practice group financial management to improve financial performance for eight of the firm’s practice groups.
Monte C. Malone is the Chief of Practice Management for Fulbright & Jaworski L.L.P. He has an MBA in finance and over 22 years of experience in law firm management and administration. Monte is responsible for all areas of pricing and legal project management for the firm. This includes working with all firm practice groups in the development of alternative fee arrangements for clients, the management of these arrangements and monitoring their profitability.
David A. Rueff, Jr. is a shareholder with Baker Donelson and is the firm's Legal Project Management Officer. He is a practicing attorney with over 20 years of experience implementing project management systems. David is responsible for the design and implementation of the firm's patent-pending legal project management system, BakerManage.
REGISTER online here
We are pleased to offer this programming to ILTA members at no cost. If you'd like to Tweet during this session the hashtag for the Professional Services Peer Group is #ILTAPS and the hashtag the Financial Management Peer Group is #ILTAFM.
Questions? Contact Kristy Costello at kristina@iltanet.org or (512) 795-4674