I heard the following story from a friend this week, and it struck me as representative of a common frustration with lawyers (in this case outside counsel).

1. The 7 Wastes of Lawyers. Waste #6: Pre-Processing, a true story in 10 tweets. http://t.co/vzC3MEvWB0 #DoLessLaw #Lean #LegalValue

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Since my post on legal project management, I’ve heard a lot of stories about LPM initiatives that didn’t deliver as promised. Because I argue that Agile project management is superior to traditional (or waterfall) project management for legal work, much of the discussion has...

Legal Project Management is quite the buzzword these days. Of course the concept has been around for years, but the recent publication of the ABA's The Power of Legal Project Management has renewed the push for lawyers to adopt the project management techniques that have been used in the business...

My thesis so far: You have a greater opportunity to increase customer Value by delivering more Benefit than by lowering customer Investment. If customer Value = Benefit – Investment (my original theory), then it is easy to see that lowering Investment (cost control) can have a...

The basic premise of my search for the Grand Unified Theory of Legal Value has been that Value is the gap between what you Invest and the Benefit you receive in a particular transaction. Otherwise stated:

Value = Benefit – Investment

My discussion so far has focused on Value from the...