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February 26, 2020

Online LPM Library of Tools and Templates: Frequently Asked Questions (Part 2 of 2)

In part 1 of this blog series, we explained how our online library of LPM tools helps law firms implement a robust internal LPM coaching program, and we also listed several benefits firms have experienced when using this resource.  In Part 2, we describe what your firm can expect if it licenses our online LPM library.

What specifically does the license include?

We will help you develop a well-defined program that fits your firm’s culture and resources. This will increase buy-in by helping to ensure that lawyers use the tools to increase efficiency, client satisfaction, and profitability at your firm.  Specifically, each license includes:

  • Unlimited, non-exclusive rights to reproduce and adapt all of the content within your firm and with your clients for one year (renewed annually)
  • Separate files for each tool (in both Word and PDF format) so you can easily deliver just the information a particular lawyer needs in your preferred format, and so you can customize existing templates to meet your firm’s needs
  • New tools and templates that are released to license holders every June and December
  • Consultation with the authors of these tools to maximize the value to your firm, ensure quick wins, and establish a foundation for future success
  • Sample emails for use by the managing partner or another senior partner announcing the availability of these tools and their benefits to the firm and to individual lawyers
  • Twelve “LPM tips of the month” each year, for publication on your intranet, internal newsletters, or email to remind lawyers of the value of this resource
  • A proven method for hosting and facilitating a lawyer panel discussion to help promote the use of the online LPM resource among firm lawyers
  • A suggested menu structure that can be adapted to your intranet

Tell me more about the consultation that’s included with the license.

Each license includes four hours of consulting support, plus materials to help build a stronger culture of LPM within your firm, including:

  • Specific tasks, objectives, and timelines for using these LPM tools and templates
  • Systems to provide exactly the information lawyers need, precisely when they need it
  • A list of the top ten tools that have proven most useful in implementing LPM, and the top ten tools that are most effective in introducing LPM concepts
  • Guidelines for prioritizing which lawyers to focus on first when introducing LPM tools
  • Suggestions for working with LPM champions, practice group leaders, and LPM Directors
  • Tips for designing an internal program to publicize successes, including sample “LPM Tips of the Month”
  • Guidance on how to save time developing firm-specific processes and procedures by customizing our templates
  • Suggestions on how to customize our tools for in-firm presentations and training

What are the contents of the online LPM library?

A complete list of the current LPM tools and templates can be found on our website

All files are delivered in both Word and PDF format so that they can be made available on your firm’s intranet, and, when necessary, customized to fit your firm’s or practice group’s needs. 

New tools and templates are added every June and December so that lawyers can easily keep up with developments in this rapidly changing field.

How much does it cost to license the resource?

The answer to this question depends upon the number of lawyers at your firm.  If you want a customized quote, please contact us at info@legalbizdev.com. 

What we can tell you is that this online LPM library can offer a rapid return on investment. As soon as one lawyer who is responsible for a large engagement adopts an LPM best practice, the return on investment can quickly exceed the license cost by, for example:

  • Increasing the accuracy of an initial fee estimate and the likelihood of payment in full by using the template “15 questions to ask clients to help define scope”
  • Renegotiating a fixed fee by using the template “Prepare and negotiate for approval of a scope change”
  • Using any of the more than 170 tools and templates in the online library to increase client satisfaction and/or firm profitability

What else can you tell me about this resource?

Four previous editions of these tools have been tested and refined in firms around the world that encompass over 100,000 lawyers.  Additional details can be found on our website, including:

  • The names of more than 35 contributing authors from both large and small firms, including Baker McKenzie, Morgan Lewis, WilmerHale, Pepper Hamilton, and Bilzin Sumberg
  • The names of 25 LPM experts who currently serve on our Board of Advisors, including representatives from Norton Rose Fulbright, Lathrop Gage, Baker Botts, Winston & Strawn, and K&L Gates
  • Testimonials from 22 additional LPM experts at firms such as Perkins Coie, Jackson Lewis, Ballard Spahr, Orrick, and Saul Ewing

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