A law firm gets serious about knowledge management

July 16th, 2013 by Altman Weil

Latham & Watkins is rewarding time spent on knowledege management (KM) in its bonus structure, according to The Lawyer, counting an hour spent on KM as equivalent to a billable hour. 

“Since its launch in April 2012, more than 860 KM and thought-leadership projects have started within the firm,” said [Latham’s Global Director of KM, David] Fitch. “That equates to around 50,000 hours contributed of attorney time.”

The range of KM projects Latham’s lawyers are involved in that generates credited hours includes drafting and updating of forms, organisation of precedent and know-how resources, the drafting of client alerts and other thought leadership pieces.”

Read it at The Lawyer

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