Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Connection Between Process Improvement, Project Management, and Pricing

By Catherine Alman MacDonagh and Frederick J. Esposito Jr.
June 01, 2022

The legal profession has experienced significant paradigm shifts in how it operates and practices. Law firms and legal departments are reshaping business models and reviewing workflows for more streamlined and cost-effective approaches for both legal and business processes. Overall, our view is that the legal profession is making progress, sometimes rapidly and dramatically, sometimes incrementally; regardless, we see fundamental and irreversible transformation — and this is both necessary and positive.

That said, we all know that legal often seems to require extraordinary forcing functions to produce reactions and do that which we ought to have already been doing, instead of proactively seizing opportunities. As was asked during and following the recession of 2008, the pandemic is producing a key question: "Will these changes be permanent?" We think it is safe bet that the pandemic of 2020 created many changes — and most of them are permanent.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It Image

Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?

Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

A Lawyer's System for Active Reading Image

Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.

Blockchain Domains: New Developments for Brand Owners Image

Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.