Outsourcing Legal Support: Who Should Use These Services
Law firms and corporate legal departments that haven’t previously used outsourced legal support solutions often question whether they should explore Legal Process Outsourcing (“LPO”) options or expand their in-house capabilities. The idea of outsourcing legal services to off-site attorneys may cause hesitation because of the need to ensure high quality of the work, control projects, and have accessible communication times. With an increasingly global economy and ever-evolving technology solutions to facilitate large projects and communications, outsourcing makes sense for many firms and in-house counsel teams. The use of LPOs is growing and is expected to reach an astonishing $27.19 billion (USD) by the year 2024, according to a December 2016 report by Grand View Research.
There are several reasons for the increase in popularity of outsourced legal solutions. If any of the following describe your legal department or law firm, you may want to consider using LPO services:
- You need support for an evolving case. Sometimes legal matters don’t always unfold the way they are expected to at the start of a case. If you discover midway through a matter that there are additional support needs, outsourcing to an LPO can be an efficient and cost-effective choice because it “ensures continuous operations since they follow 24-hour work cycles, thus ensuring the completion of a time-consuming work with high efficiency.” (Grand View Research)
- Your firm is considering expanding to a new practice area or the needs of your in-house legal department expand. An LPO solution can provide experienced and knowledgeable personnel, as well as a proven process, to help you test additional practice areas. For example, a firm considering expanding into commercial real estate would do well to consider outsourcing time-consuming and labor-intensive tasks such as lease abstraction and real estate due diligence. Or a legal department adding a focus on procurement could bring on an experienced contract management team without taxing existing resources.
- Budgets are tight. One of the main reasons outsourced legal solutions are so popular is because of the cost savings potential they bring. Outsourcing repetitive, high-volume tasks to trained legal professionals at an LPO can save your firm or legal department significant money compared to hiring/training permanent staff and implementing systems and tools to handle such tasks effectively.
If your law firm or corporate legal department is considering outsourcing legal support services, Baer Reed can help. To learn more about our array of legal services you can contact us online or call (888) 433-1990 to speak with our expert team today.
- On January 9, 2018
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