Ivan Rasic, CEO of LegalTrek, presented on agile legal project management. He discussed how more law firms are using alternative fee arrangements and finding them more profitable than hourly billing models. Rasic introduced legal project management as a framework to control risks, know costs, and scale up or down using any fee structure. He advocated adopting agile methodologies like Kanban when facing project uncertainties. Kanban uses a visual board system to focus on priorities, adapt processes, and keep management and clients informed. LegalTrek helps law firms deliver services efficiently and transparently with predictable pricing.

1. Business of Law:
Agile Legal Project Management
March 2017 Ivan Rasic

2. Presenter
Ivan Rasic, CEO
ivan@legaltrek.com

3. https://legaltrek.com
Ivan Rasic, CEO
ivan@legaltrek.com

5. Agenda
Introduction ✓
Some charts on AFA usage
LPM as a framework (and why should Firms use it)
What is Agile and why is Kanban the way to go
Q/A

6. Some Charts on AFA Usage
Source: Altman Weil - Law Firms in Transition 2016
Do Law Firms use AFAs
Do they find them more profitable than Hr model
Behavior of Law Firms matches LegalTrek ‘s
findings

7. Intro

8. Intro
Altman Weil - Law Firms in Transition 2016

12. Trend towards AFAs
Meeting Clients’ demands for more price certainty
Realization that AFAs have a potential to earn
bigger margin (if done right):
● Re-shaping internal practices
● Knowing your cost and controlling it
● Basing price on the value

13. What is LPM?
“A discipline that makes sure your clients
get their services on time, in line with the
agreed budget.”
(read more)

14. Why should Law firms use LPM?
In a way, you already do (so why not do it right)
If you do it right (structured) you will:
Control risks (no or late delivery; breaching budget);
Know (and lower) costs of delivery
Use any AFA; Be more profitable; Scale up or down

15. Go Agile when you face uncertainty
(Litigation; M&A; Change of orders…)

16. Kanban: Agile LPM Framework
Highly visual (board / column / card based system)
It focuses you on the right priorities
Promote leadership in your organization
It adapts to your processes (not other way around)
Management and clients always up to date

17. Kanban: Agile LPM Framework
Highly visual (board / column / card based system)
It focuses you on the right priorities
Promote leadership in your organization
It adapts to your processes (not other way around)
Management and clients always up to date

18. Company info
LegalTrek is legal solutions company
helping law firms be more efficient,
deliver their services transparently
and have predictable pricing.

19. Questions?
Thank you
March 2017 Ivan Rasic