Tag Results
Keeping control – managing the regulatory risks of outsourcing
Monday, 17 January 2011In the first of a two-part article, Duncan Finlyson of Legal Futures Lawyers Defence Group investigates the reasons for law firms to outsource certain functions and the regulatory issues that they throw up.
Tags: ABS, Alternative business structures, legal process outsourcing, outsourcing, Solicitors Regulation Authority
Posted in News, Outsourcing
Legal process outsourcing to stay increasingly onshore in the UK
Thursday, 16 December 2010Legal process outsourcing (LPO) will increasingly become a strategic priority for law firms in the coming year and a growth in the number of UK-based LPO providers is likely, it was predicted this week.
Tags: legal process outsourcing, LPO
Posted in News, Outsourcing
Revealed: SRA set to review whether rules address risks of legal process outsourcing
Monday, 29 November 2010The Solicitors Regulation Authority (SRA) is set to launch a “thematic review” of legal process outsourcing next year, Legal Futures can reveal. The review would seek to identify whether there are any particular issues or risks that require changes to the current regulatory requirements or whether certain outsourcing arrangements need particular attention in the supervision process.
Tags: legal process outsourcing, LPO, Solicitors Regulation Authority
Posted in News, Outsourcing, Solicitors
Herbert Smith eschews offshore to open document review operation in Belfast
Wednesday, 24 November 2010City law firm Herbert Smith has eschewed offshore outsourcing to set up a document review operation in Belfast. The first firm to establish a UK base for this kind of work, Herbert Smith said it was seeking to take advantage of the “significantly lower case base” in Northern Ireland and the high-quality pool of legal talent there.
Tags: legal process outsourcing, LPO, outsourcing
Posted in News, Outsourcing
Thomson Reuters moves into LPO as Susskind’s prediction starts to come true
Friday, 19 November 2010Professor Richard Susskind’s prediction that law firms could find themselves competing with legal publishers moved a step closer to reality today after Thomson Reuters moved into legal process outsourcing by acquiring ambitious provider Pangea3.
Tags: legal process outsourcing
Posted in News, Outsourcing
“Anything that doesn’t need a physical presence can be done offshore”
Thursday, 4 November 2010The second in a series of extracts from Climate Change, a report on the impact of the Legal Services Act published by accountants Baker Tilly, looks at the growing role of outsourcing both front and back-office work, and how far it could go.
Tags: ABS, Alternative business structures, legal process outsourcing, LPO
Posted in News, Outsourcing
India outsourcer sets up in Manchester as LPO focus shifts to PI and conveyancing
Monday, 25 October 2010Indian outsourcing company Mangalam Information Technologies has set up an office in Manchester as it explores the opportunities for legal process outsourcing (LPO) in the UK, including “low hanging fruits” such as personal injury (PI) and conveyancing work. It comes as UK-based LPO providers estimated that they could reduce transactional costs in PI by up to 30%.
Tags: ABS, Alternative business structures, conveyancing, legal process outsourcing, LPO, personal injury
Posted in News, Outsourcing
Kinsella: no “big bang” but ABSs can be a strategic tool for good – and bad
Tuesday, 19 October 2010There will be no ‘big bang’ in legal services in the near future and if solicitors are waiting for it before deciding on their firm’s survival strategy, they risk being overtaken by events, a leading solicitor has warned. Neil Kinsella, managing partner of national law firm Russell Jones & Walker, also said that firms could be “dancing with the devil” by accepting private equity investment.
Tags: ABS, Alternative business structures, external investment, legal process outsourcing, private equity
Posted in Alternative business structures, Market monitor, News
The final countdown
Wednesday, 6 October 2010Journalists love a good landmark and 6 October is a corker for those of us who get overly excited by legal services reform – the Legal Ombudsman opens today and in a year’s time, the first alternative business structure should open its doors. But is anyone keeping an eye on all the other reform agendas around litigation costs and funding to ensure that access to justice does not fall through the cracks?
Tags: ABS, Alternative business structures, external investment, Legal Ombudsman, legal process outsourcing, Legal Services Board, LeO, LPO
Posted in Blog
Indian LPOs want a piece of the “fat, complacent and profitable” UK market
Monday, 4 October 2010Indian legal process outsourcers see “a fat, complacent and profitable market place” in England and Wales “and they want a piece of it”, solicitors were warned last week. Mark Jones, former managing partner of Addleshaw Goddard, described legal process outsourcing as “a game changer for all of us” – 25% of Slaughter and May’s work is outsourceable, as is 50% of his own firm’s and maybe 100% for firms outside the top 50.
Tags: ABS, Alternative business structures, legal process outsourcing, LPO
Posted in Alternative business structures, News, Outsourcing