The UK legal sector continues to grow and is worth almost £26 billion, according to research commissioned by the Law Society.
This headline masks the changing face of legal services and the demand for more efficient ways of working. New market entrants, demands from project management savvy clients and the shift to alternative fee arrangements, particularly fixed fees, all necessitate a change in the industry. Those who embrace this change will succeed, whereas firms that fail to equip themselves for the challenge will undoubtedly suffer.
Leading firms and corporate clients both recognise the benefits of project management and how this should be applied to legal matters. After all, a legal matter is a type of project, so it should benefit from project management best practice just like any other industry. Agree on scope & tasks, assign work & deadlines, track budget & actual spend, monitor & respond to risks, issues and changes. A legal matter can be a very dynamic, fluid environment. Adopting a hybrid Agile & structured Waterfall approach ensures the legal team retains flexibility where needed, but not at the expense of accurate cost & task control.
Talk to us about how we can enable your practice or in-house legal team to embrace best practice legal project management.