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In 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.

Too many lawyers have lost touch with what clients are really looking for and need to do more to create value for their clients, legal strategy expert Stephen Mayson has claimed. He also argued that major law firms need to rethink their cost base as “stripping out cost, based on the traditional ways of working, has gone about as far as it can”.

Smaller law firms are beginning to see real benefits and savings from outsourcing non-legal services, research has suggested. A survey by IRN Research of 36 firms with 10 partners or fewer found that just under half of them are outsourcing some non-legal activities.

This decade will see the emergence of a new wave of global law firms, driven by the accelerated worldwide legal needs of the largest companies, new research has predicted. It suggest an increasing role for outsourcing as clients become more sophisticated.

Private equity interest in legal process outsourcing (LPO) stepped up in late January after Intermediate Capital Group (ICG) acquired a significant minority stake CPA Global, investing alongside the company’s senior management team and the founding shareholders.