A collection of real world case studies highlighting some of the most important achievements and ideas in matter management today.
Peter Secor, director of strategic pricing and project management at Pepper Hamilton, authored a chapter in the Ark Group publication Redefining Matter Management: A Best Practice Guide to Improving Processes and Profitability, titled "Componentized Budgets for Cost-Benefit Analysis."
Mr. Secor gives an overview of componentized pricing. After a practical and succinct summary of componentized data, Mr. Secor discusses how to go about collecting it with reference to matter management and data collection systems in order to create a cost-benefit analysis, and how to implement that as a communication tool between firms and their clients. As clients start to scrutinize their legal spend more, Mr. Secor stresses, the importance of having a living document that details the exact cost and value of each activity and resource increases in line.
For more information and to purchase the publication, visit https://www.ark-group.com/product/redefining-matter-management-best-practice-guide-improving-processes-and-profitability#.WxAjQk2Ww5t.
The material in this publication was created as of the date set forth above and is based on laws, court decisions, administrative rulings and congressional materials that existed at that time, and should not be construed as legal advice or legal opinions on specific facts. The information in this publication is not intended to create, and the transmission and receipt of it does not constitute, a lawyer-client relationship.