A paper authored by Honigman Chief Value Partner Carl W. Herstein and Associate Chief Value Partner Joseph R. Sgroi is featured in the American Bar Association’s new publication The Power of Legal Project Management. The paper appears as a section, entitled “Increased Efficiency – A Key Goal of Project Planning.” It examines the meaning of efficiency in terms of Legal Project Management (LPM), with a focus on delivering clearly defined value to clients. The book also includes a case study of Honigman’s legal project management implementation efforts.
According to the authors in describing the firm’s implementation program:
“While many of our lawyers intuitively used informal LPM methodology, we felt that was insufficient and that a formal, firm-wide embrace of LPM was necessary. Our strategic plan recognized that it is not possible to provide top-end value to clients without first understanding how to internally improve processes to drive efficiency, consistency, and quality. We also believe clients need easily understandable options, both with respect to the terms of the proposed engagement and the strategy to achieve their goals. LPM is at the core of achieving both these goals.”
Honigman appointed the two value partners in 2012 and charged them with implementing specific value-oriented strategies, such as legal project management, process improvement and knowledge management, to help align legal services with the business goals of clients. Herstein and Sgroi lead the firm’s value initiatives, monitor and measure its progress, and conduct significant training for the firm’s attorneys. Through training with national leaders in these areas, ongoing benchmarking and sharing of experiences with other regional and national firms, Honigman is working to be a leader in the value-oriented legal initiatives at the center of the changing business of law.
Herstein, of Ann Arbor, is a partner in Honigman’s Real Estate Department. He earned a J.D. from Yale Law School and a B.A., with high distinction and highest honors, from the University of Michigan. Sgroi is a partner in the firm’s Corporate Department. He earned a J.D. from the University of Michigan Law School and a B.A. from the University of Michigan.
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