Practice Innovation | Case Study: Business Licensing Project
The Opportunity
A recently acquired company is now under the control of a firm private equity client. The client was facing pressure to ensure the recent acquisition held the appropriate licenses to continue to conduct business under their new ownership and structure without any unexpected legal issues. Thus, they requested Honigman’s assistance to research and apply for over 100 new business licenses required by local jurisdictions at a cost that wouldn’t unduly burden the business.
The Solution
Lead attorney Matt VanWasshnova collaborated with the Legal Project Management (LPM) team as well as the client to scope the workflow and specific steps for researching, drafting, and submitting applications. With the help of the LPM team and Tailored Staffing Resources – Honigman Review Attorneys (HRS), Honigman was able to complete the project within the expected time frame and with the efficiency and accuracy required by the client. Prepare the application documents Prepare
Submit documents to the client for signature Collaborate
The Solution
Submit
Send the completed application packet with payment to each jurisdiction Collaborate with client to answer
Send
Matt VanWasshnova Partner
application specific questions + ensure project is done on schedule
“By integrating Legal Project Management and Tailored Staffing Solutions, we streamlined the licensing process, ensuring efficient task delegation and clear communication. This approach enabled us to complete the project on time and under budget, exceeding the client’s expectations.”
1
3
29%
Legal Project Management
Tailored Staffing
Cost Savings Result
We utilize LPM resources and
We right-source our work to the
By using Honigman’s Tailored Staffing
methodologies to bring structure,
appropriate individuals to ensure cost
Resources – Honigman Review Attorneys
clarity, and efficiency to ensure
efficiencies through the use of our
(HRS), we were able to generate a 24%
a high level of client service.
Tailored Staffing resources, including our
reduction in costs for the client versus
Billable Legal Project Manager
Honigman Review Solutions Attorneys
Cost and hours reduction
industry-leading due diligence center,
utilizing corporate associates. Client
Led by the Legal Project Manager,
Honigman Review Solutions (HRS). HRS
costs were further reduced by utilizing
the LPM team worked with the lead
is a team of dedicated review attorneys
LPM in place of a partner to manage the
attorney and the client to define the
who specialize in corporate due diligence.
project and liaison with the client, leading
workflow and determine necessary steps for completing the project. The LPM
For this project, HRS attorneys were well
team ensured all tasks were assigned
positioned to execute the repeatable
and completed by utilizing a workflow
task of researching requirements and
and process map while also tracking
completing business license applications
fees throughout the duration of the
at an attractive cost for the client.
to a combined cost savings of 29%.
project. The Legal Project Manager was responsible for leading client communications during the delivery
At Honigman, we don’t just provide expert legal services—we create
phase of the project (including twice-
an exceptional client experience through our dedicated practice
weekly status meetings), managing
innovation team. Our adaptable approach ensures that each client’s unique
the assignment of work among the
legal, business, and budgetary needs are met seamlessly. By integrating
attorneys, tracking questions and
advanced technologies, project management principles, design thinking,
answers from the client, providing
knowledge management, innovative pricing, and custom staffing solutions,
internal fees and progress reporting and
we deliver optimal value and impactful results for every engagement.
updating the shared license tracker.