The difference between a trend and a fad, as one futurist put it, is that trends matter. The entire legal profession is now trying to figure out whether legal project management (LPM) is a trend or a fad.

LPM is the hot topic right now, sweeping through the collective consciousness of both law firm lawyers and in-house counsel like wildfire. This viral vogue is the result of law’s “new normal:” dramatic changes in legal service delivery that place an unprecedented premium on improving the efficiency, predictability and cost management of legal services.