Aileen Leventon and Jenny Anne Horst-Martz, long-standing contributors to legal industry initiatives, have written another practical book on how to get the most out of using UTBMS codes. Legal Value Track is for both law firms and their clients, to advance the goal of developing a shared understanding on the value of particular legal services.
Legal Value Track provides buyers of legal services insight on the challenges law firms face in billing and pricing. Timekeeping practices and data bases on the costs and pricing of comparable matters require practical guidance on implementation. Outside counsel guidelines often don’t go far enough to address the actions required by individual lawyers and other timekeepers. This book does.
Legal Value Track is available on amazon.com as a paperback and an e-book. It is a companion to the manual the authors published last year on best practices in using codes in M&A transactions.
