What do law firms look for while outsourcing legal processes?
The
prosperity of law firms is largely dependent on the camaraderie they build by
providing quality of service, consistency, timeliness; and in defining and
defending their client’s legal/contractual rights. The relationship between a
law firm and a client develops on trust and transcends generations. To maintain
and sustain relationship with clients, law firms avoid emphasizing on the
attractiveness of reduction in cost of legal services by using global
resources. But, it does not elude the significant pressure that this industry
faces in minimizing the cost of legal work. Indeed, it necessitates outsourcing
of legal work to legal
process outsourcing service providers who perform the work
at significantly decreased costs.
Legal
Process Outsourcing is a high-end industry that has been growing rapidly in the
recent years. It is the process of assigning law-related tasks to external firms,
globally, which are capable in handling those tasks efficiently. There is a
plethora of small and large-scale law firms who outsource legal work to
external firms nowadays. Legal Process Outsourcing accords law firms with
opportunities to access high-level talent and niche expertise that may not be existing
within the firm. Access to external talent is predominantly useful for small
firms to fill gaps in internal competencies. It also allows domestic firms to
tap into global expertise.
The
outsourcing of legal work also aids in enhancing the overall development of law
firms. This is conceivable since law firms can focus more on specialized areas
and their precious resources can be freed up in furtherance of the outsourced
tasks. The overall development can improve if they focus on developing their core
businesses.
Out
of the many determinants that endorse the services of legal process outsourcing
firms, a few are globalization, increasing price of legal services, development
of the internet, automation, improved security, and legal software. The purpose
of outsourcing legal servicesis to cater to the needs of the law firms and provide
them with every single solution. While many of the outsourcing activities
involve working upon standardized tasks, there are firms which require legal
research and litigation related documents in a manner that requires professional
expertise.
Some
of the key concerns that law firms have in outsourcing legal work is the
quality of work, costs, security and confidentiality. The law firms, therefore,
look for legal
process outsourcing service providers that are competent to
take up the challenges and deliver class apart services to its clients. The legal
process outsourcing service providers need to recognize the emerging
expectations and criteria of the law firms and in-house counsels to be able to
create better value for its clients. It requires the service providers to be
process oriented, technology enabled and be able to offer the right mix of
resources at competitive prices. Law firms, therefore, outsource their legal services
to have access to a breadth of skills, technology and service offerings, at a
reduced cost!
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