The growth of legal outsourcing over the last five years has beaten all expectations, achieving 30+ per cent year on year – and topping £725m in market size in 2012.
Legal outsourcing will not disappear. It will continue to take an increasing share of the lower value work that would automatically have gone to law firms.So, how will your firm respond?
Managing Partner’s report, Successful Outsourcing Strategies for Law Firms provides concrete advice for law firm leaders looking to develop and implement effective legal process outsourcing (LPO) strategies.
This practical guide highlights the key challenges and benefits for law firms, as well as the important factors that must be considered when implementing an LPO strategy. Topics covered include:
- Current LPO trends;
- How to build the business case for LPO;
- The financial, operational, and competitive benefits of LPO;
- Making the move from tactical to strategic LPO;
- The geography of outsourcing – offshoring, on shoring, and near shoring;
- Overcoming the economic, regulatory, ethical, political, and logistical challenges;
- The role of effective data capture and analysis in LPO;
- Determining the scope of service offerings; and
- Supplier selection processes and on-going management strategies.
Along with insightful ‘lessons learned’ from the industry, you’ll find a draft request for proposal (RFP) template for potential suppliers, as well as a project plan with timeline for use when setting up your own LPO engagement.
PLUS…In a unique case study interview, Robert Gogel, CEO of Integreon, presents the supplier perspective in relation to LPO work, and offers invaluable advice for law firms considering an engagement.
Chapter 1: The legal process outsourcing trend
Chapter 2: What is strategic legal process outsourcing?
Chapter 3: LPO in perspective – The challenge to law firms
Chapter 4: The geography of legal outsourcing
Chapter 5: The challenges of legal outsourcing
Chapter 6: The benefits of legal outsourcing
Chapter 7: The scope of services
Chapter 8: Data capture – Building the business case
Chapter 9: Ethical compliance
Chapter 10: Supplier selection – Part 1 – The methodology
Chapter 11: Supplier selection – Part 2 – The journey
Chapter 12: Managing strategic partnerships and measuring progress
Chapter 13: The strategic LPO project plan
Chapter 14: Lessons learned
Chapter 15: Learning from the corporate worldCheck our Executive Summary and full table of contents here