As Chief Value Partner at Honigman, Mr. Herstein is responsible for all Honigman value initiatives, including Legal Project Management, Process Improvement, and Pricing, as well as overseeing the firm’s billing and collection functions, including rate setting, alternative fees, and problem resolution. The Chief Value Partner role was created in 2011 as part of the Honigman strategic plan, and was derived from Mr. Herstein’s experience as chair of the firm’s Billing and Collection, Office Management, and Office Technology Committees. He has written or co‑authored a number of articles on the business of law and legal innovation. He has also lectured on these subjects at the law schools of Yale, Michigan, Wayne State, and Michigan State, and has participated in various presentations and webinars. Mr. Herstein has also served as an expert witness on law firm billing rates. His legal practice has included real estate (particularly public/private projects), real estate tax appeals, interest/usury and horse racing. He has also written extensively on Michigan real estate law and Michigan usury law. In addition, Mr. Herstein is currently the President of the Michigan Supreme Court Historical Society.