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GCs urged to take control of process and technology needs

More than three quarters of general counsel lack separate budgets for process and technology services, despite exactly the same percentage identifying a “compelling need” for them, a survey has found. “To have a compelling need, but have no budgetary control is potentially ‘creek, canoe, no paddle’ territory”, it said.

January 25th, 2016 | No Comments »

Big increase in demand for non-traditional legal services, City report predicts

Global demand for non-traditional legal services, such as contract lawyers and document-review services, will rise sharply over the next five years, research for Allen & Overy has found.

August 20th, 2014 | No Comments »

Optima Legal joins Capita empire after ABS award

Outsourcing giant Capita can complete its purchase of Optima Legal and Cost Advocates after the SRA today granted Optima an alternative business structure license.

May 2nd, 2014 | No Comments »

Getting to grips with outsourcing

With ever-increasing financial pressure being felt across the legal industry, never has it been more important for firms and providers to have a proper understanding and handle on their cost base and on all the options available to them. One of these options is outsourcing. It is possible to make significant cost savings through outsourcing some (even much) of the work that is currently done in-house. Wherever you look these days, solicitors and legal providers are bombarded with advertisements and promises about outsourcing. And the potential is huge with pretty much everything up for grabs.

April 16th, 2013 | No Comments »

Traditional firms “more innovative than ABSs”, says SRA, as it promises COLP/COFA reassurance

Innovations in legal practice are coming more from traditional law firms than from ABSs, the SRA said last week. Meanwhile, it will this week clarify the position of firms that have submitted COLP and COFA nominations but have not yet received approvals.

December 17th, 2012 | 1 Comment »

From cost centre to profit centre: FTSE 250 company eyes ABS as it offers paralegal service to others

The outsourcing arm of FTSE 250 construction company Carillion could become an alternative business structure (ABS) as it looks to grow its advice services team beyond in-house and legal aid work, it has emerged.

December 3rd, 2012 | No Comments »

All talk, no action? Most law firms in merger negotiations, but few end up in deals

Merger and acquisition talks are rife among law firms, although there is little evidence of many making it through to a deal, new research has suggested. According to the survey by NatWest, 62% of firms had received or made approaches in the past year.

November 26th, 2012 | Comments Off on All talk, no action? Most law firms in merger negotiations, but few end up in deals

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.

October 9th, 2012 | No Comments »

Susskind: firms starting to embrace new ways of working as ‘legal factories’ loom

Pressure from in-house lawyers has encouraged some law firms to come out of denial and realise that they need to find new ways to handle and price work, legal IT guru Professor Richard Susskind has claimed. However, there was still considerable resistance to alternative fee arrangements.

October 2nd, 2012 | 4 Comments »

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.

September 21st, 2012 | Comments Off on Back-to-work lawyers "enable firms and GCs to outsource onshore"