Market intelligence for law firms of the future
Outsourcing
LPOs set to take on high-value work and “compete directly with law firms”
The legal process outsourcing industry is currently worth $2.4bn worldwide and is set to expand into higher value, more complex work, according to research conducted by the London School of Economics.
In brief: latest ABS, Co-op wins contract, top firms “don’t want” external cash, SRA race probe
Our regular round-up of important news nuggets includes the newest SRA-licensed ABS, an advice contract for the Co-op, a survey of top firms on how they are changing, a probe of SRA files to identify any racial discrimination, heavy fine for spam texters and much more.
Majority of top firms eyeing growth through merger as ABSs appear on the radar
Nearly 60% of top 100 law firms view mergers and acquisitions as a leading growth opportunity in a challenging legal services market – with the prospect of alternative business structures starting to snap at their heels, according to a prestigious benchmarking survey.
PwC targets in-house counsel with “legal effectiveness” service
Big Four accountancy firm PwC has launched a new service aimed at helping in-house lawyers look at how they operate internally – and also manage their external legal advice. PwC has hired Stephen Allen, formerly director of innovation at City law firm Berwin Leighton Paisner, to head it.
Back-to-work lawyers “enable firms and GCs to outsource onshore”
Mahy: something that somebody should have thought of before
Using ex-City lawyer parents looking to return to practice is a way for in-house lawyers and law firms to onshore services that many people are saying should be offshored, a former FTSE 100 general counsel said this week.
LPO warning to law firms as general counsel freeze them out
The global legal process outsourcing market will double in value by 2015 to more than £2bn but general counsel are increasingly freezing out law firms and buying outsourced services direct, according to new research.
News in brief: online directory launch, Scottish LPO bid, cash-flow squeeze, and more
Our regular round-up of news you may have missed includes an international online directory, Scotland looking for a piece of the LPO market, worsening cash-flow at law firms, a free probate offer, and much more besides.
Revealed: new law firm launches ‘white label’ personal injury service for other solicitors
A groundbreaking new law firm that handles personal injury claims for other practices on a white-label basis has launched in the north-east of England. Questus says it is the first dedicated outsourcing law firm of its type.
Jordans eyes up ABS to expand beyond company services
Well-known business services provider Jordans Ltd is to set up an alternative business structure aimed at handling outsourced legal work for both companies and law firms, it has emerged.
Welsh government offers City law firms incentives to open back-office operations in Cardiff
Wales will today make its pitch as a new onshore venue where City law firms can cut their costs by locating back-office operations. Cardiff recently became the UK’s first and only dedicated financial and professional services enterprise zone.
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Associate News
A well earnt break for CILEx student as PSG announce Title and Legal Insurance competition winner
50 new jobs at Moneypenny
Legal Eye launches unique seminars on law firm compliance, risk management and marketing
Conveycentric conference for licensed conveyancers spotlights need to protect lender panel status
Hillyer McKeown adopts SOS Connect to boost client service delivery in six-figure deal
Material or non-material? That is the question
Conveycentric welcomes regulator’s statement on risk management tools
