The concept of outsourcing legal services is not a new phenomenon. It began in the 1950s with the patent process but established a solid footing when law firms around the world realized that this mere act of parceling out certain fixed activities resulted in manifold increases in efficiencies and profitability. This was hastened by the global financial meltdown that impacted law firms more than any other industry.
The flood of new cases in the recessionary period of the early 2000s caught law firms on the wrong foot. On one hand was the immediate need to cater to this growing segment, on the other, there was a call for keeping costs to manageable levels. A solution had to be found that could service this growing need yet keep expenses within limited proportions. That meant not hiring lawyers at high salaries to meet this incremental demand yet stabilizing the quantum of services. The only possibility then wast at rates that would not break the bank leading to the rise of Legal Process Outsourcing (LPO) as an industry to reckon with.
The answer to the question whether outsourcing litigation services impact the efficiency of law firms is a definite YES. There are a number of reasons as to how this happens.
Cost-effectiveness – This has been discussed in some detail but being one of the most important factors, further analysis is necessary. Any rise in business has to be matched with increased investment in infrastructure. For law firms, it is primarily taking on board highly qualified and trained lawyers to deal with growth in business. However, outsourced agencies deliver the same level of efficiency at much lower rates without compromising on the quality of output. Thus, as an owner of a law firm, you can save substantial sums by outsourcing. This savings can be better utilized for offering services at competitive rates to high-value clients and drawing in new business.
Focusing on core activities – Like all industries, the legal sector can also be bifurcated between activities that represent core competencies and back-office activities. By focusing on core tasks you can ensure better client service while leaving tedious research-based work to outsourcing agencies. In every form of a legal process, this holds true with drafting contracts, writing briefs, research and documentation being common to all. For example, transactional lawyers can depend on outsourcing for drafting contracts and research while keeping court appearances under their control.
Dedicated Services Offered by Outsourcing Agencies – Law firms have benefited greatly from specialized services offered by outsourcing agencies. Hence by spinning off different processes to specific agencies that are specialists in that line you stand to gain from the best of professional expertise. By multi-sourcing and not putting all the eggs in one basket you can take advantage of cutting-edge efficiencies. Most importantly, you get all these at vastly reduced costs when compared to the remuneration you would have had to pay for hiring skilled lawyers proficient in different fields.
Speed of Services – Quick preparation of briefs and documents and meeting deadlines set by courts are crucial components of the legal scenario. When you outsource litigation support services to offshore agencies, this is what you can achieve to increase business efficiencies. The time differential between countries is the reason for this. Upload the required work at the end of your day. Outsourced services will work on it during the time you are away. When they send it back it is ready for you first thing in the morning thereby avoiding any time lags. Speedy turnaround of back-office activities results in the quick disposal of cases and an increased level of client servicing.
Creating an optimized database – One of the aspects in any law firm that takes up time and man hours is sifting through mountains of data in the form of legal documents, contracts, presentations, and agreements. Further, you have to necessarily depend on past paperwork, research and judgments to plan out future work. Thus all data must be at your calling if you have to quickly formulate briefs and prepare cases. Top outsourced agencies will go through all papers processed in your office, distill the relevant portions from them and create an easily accessible and searchable database. Next time you want to base a case on certain previous points of law, all that you have to do is to cull portions from the well-structured database and get it ready. This will certainly enhance the efficiency of your law firm.
This write-up has taken into account situations where you outsource to offshore agencies. But if you contract agencies within the country, you can even outsource court appearances on your behalf. Many blue-chip companies have opted for this route instead of spending huge sums on engaging top of the line lawyers at exorbitant salaries.
If you are looking for an offshore company with impeccable credentials to outsource litigation services, Cogneesol would be the ideal choice. Our experienced lawyers are well conversant with aspects of law prevailing in different countries and offer guaranteed and speedy results. Visit www.legalsupportworld.com to know more.