Law360, New York (April 12, 2010, 2:46 PM ET) -- With the rise of alternative billing arrangements and an increased demand for accountability, firms looking to gain a competitive edge should take a cue from their corporate clients and adopt project management techniques such as budget forecasting and risk assessment, according to industry insiders.
“Right now, clients are able to drive a pretty strong bargain,” said Frank D'Amore, founder of Attorney Career Catalysts, a legal consulting firm. “As a result, they are forcing law firms to be responsive to what they want — law firms must...