Do you know about - Top Ten Reasons Why Law Firms Should consider Selective Legal Outsourcing
Jobs In San Diego! Again, for I know. Ready to share new things that are useful. You and your friends.In the last quarter of 2008 America faces economic challenges never imagined even a few months ago. How will businesses conduct and survive the limitations on credit, demand and growth? How does the economic downturn impact lawyers and law firms which service the firm community?
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It is an definite fact that businesses can only look at modifying two income streams, income and expenses, in order to growth profitability. If income is down and not expected to growth markedly in the near term, clients of law firms will take the hatchet to expenses in order to survive. Legal fees will be under greatest scrutiny. Legal outsourcing, while still a nascent industry, is gaining momentum, being considered in more corporate boardrooms. As the pressures to outsource build, lawyers ponder either they should embrace outsourcing legal work offshore or resist it. In the face of global economic challenges coupled with the increasing loss of American jobs why would a U.S. Law firm want to even consider legal outsourcing? Are there valid reasons why targeted legal outsourcing should be considered by every U.S. Law firm?
Several weeks ago I received an email from a lawyer who was inspecting outsourcing some of the legal work of his law firm. Facing resistance and challenges from many in his law firm who wanted to pronounce the status quo, he asked for my guidance as to what he should tell his partners. Why should the firm outsource legal work offshore, a institution seen by some as adventuresome and risky, instead of staying the course, doing it "the way we have always done it." I answered him with the top ten reasons why every law firm should consider selective legal outsourcing:
1. Prudent, Targeted Outsourcing Will succeed In Reduced Law Firm Overhead
Outsourcing some legal work to grand providers in India will succeed in significantly lower overhead to the outsourcing law firm. In assessing the comparative costs the law firm will be wise to considered surmise the real costs of employing one lawyer or paralegal. Those costs include wages and bonus, condition insurance, vacation and holiday pay, sick time expense, Fica, office space and tool for the lawyer, paralegal and secretarial staff assigned to that lawyer, pension and behalf sharing, auto and parking expense, Cle conference costs, and other employment benefits such as disability and life insurance. The real annual cost of one lawyer earning a base annual wages of 0,000-5,000 is more likely in the range of 0,000 to 0,000 per year. None of these traditional expenses accrue to a law firm utilizing supplemental offshore legal providers.
2. Outsourcing Will enhance Law Firm Efficiencies
Selective outsourcing will enhance the efficiency of your law firm. Because Indian lawyers work while American lawyers sleep, it will be like your law firm has a full time, fully staffed night shift. Some work can be assigned by a partner at 6 p.m. In the evening and the completed task on his desk when he arrives at the office the next morning. Litigation cases will move more rapidly through the court ideas with less need for extensions of time.
3. Outsourcing Will succeed In Improved Lawyer Morale
As a child not many of the sermons I heard from my pastor stuck with me. But one, when I was fourteen years of age still rings a bell. He said: "Ninety percent of any worthwhile exertion is pack work, plugging, day in and day out. Only ten percent of our work tasks are necessarily fun and enjoyable." I have always remembered that statement. In more than two decades as a trial lawyer I enjoyed strategizing and trying cases to juries. But I did not necessarily enjoy all of the trial and deposition preparation, study and briefing, document review, and other mundane essentials of the institution of law. A law firm which incorporates outsourcing into its institution will inevitably raise more contented lawyers who devote their time and energies to the more challenging, fun and rewarding parts of the institution of law. Only the "chore" legal work is outsourced with the "core" work staying onshore. This allows more time for client interaction and amelioration by the firm's lawyers.
4. Outsourcing Will succeed In allinclusive Savings In Legal Fees To Clients
Clients of law firms, particularly firm clients, are searching far and wide for ways to cut their legal expenses. Many ask why they should pay, for example, 0 to 0 hourly for document review. Gone are the days when legal bills are plainly paid without scrutiny. Likewise, the annual increases in hourly rates will not be well received by clients seeing to cut costs. Wise law firms put the interests of their clients above their own. What is good for the client will finally be good for the law firm itself.
5. The Rules Of pro show the way require Outsourcing Consideration
The Rules of pro show the way of require that: a. "A lawyer should seek to accomplish the legal objectives of a client through reasonable proper means." (Rule 1.2) b. "A lawyer shall by comparison a matter to the extent reasonably principal to permit the client to make informed decisions about the representation." (Rule 1.4 b) c. "A lawyer shall make reasonable efforts to expedite litigation consistent with the interests of the client." (Rule 3.2)
A lawyer is required to seek and discuss with his client all reasonable means of accomplishing the client's objectives. A lawyer is not permitted to payment an unreasonable or excessive fee. It would seem that a lawyer is arguably required to discuss selective outsourcing as a way of reducing the client's greatest fee enforcement and furthering the interests of the client.
6. Outsourcing "Chore" Legal Work Promotes Client keeping And Development
Clients have long questioned ever-increasing legal fees for basic, "chore" legal work. However, they felt as if they had no alternative. They needed the legal representation and wanted good potential work. As there was not a principal degree of fee variance from law firm to law firm, clients tended to "stay put." This trend is starting to turn as clients learn that they have options. Lawyers who outsource selectively are reporting a more contented, loyal client base. Clients who comprehend that their lawyers are seeing out for the entirety of the their interests, together with fee costs, tend to remain committed to their existing law firms and even refer other clients (whose lawyers refuse to outsource).
7. The Competition Is Outsourcing
If your law firm is not outsourcing, be definite that your competition is. On August 21, 2007 Bloomberg. Com reported that even long-established Amlaw 100 law firms like Jones Day and Kirkland & Ellis are outsourcing under pressure from clients.
8. Outsourcing U.S. Law Firms May payment A reasonable Supervisory Fee
It is reasonable and suitable for U.S. Law firms outsourcing legal work offshore to payment a reasonable supervisory fee in conjunction with outsourced legal work. It is axiomatic that a lawyer who outsources legal work, either to an associate, ageement lawyer or offshore provider, finally remains responsible to his client for the potential and timeliness of delivery of the legal product. If a lawyer assigns the study and writing of a brief to a junior associate, the assigning lawyer will not customarily submit the final work stock to the court without retell and supervision. So it is with offshore legal outsourcing. Published ethics opinions of the San Diego, New York and American Bar Associations indicate that a lawyer who outsources offshore may payment a reasonable supervisory fee.
9. Clients Are Insisting On Selective Outsourcing To accomplish Cost Savings
Clients talk to one another. Executives of major associates golf and have lunch with one another. Corporate general Counsel attend meetings and Cle seminars, sharing facts and ways to growth efficiencies and cut costs. They know about offshore outsourcing and the dramatic cost savings that can be achieved. It is unacceptable, therefore, to ignore legal outsourcing and, as one managing law firm partner told me, have "no appetite" for it.
10. Outsourcing Will Happen.
Doing nothing is not an option. Some are outsourcing. Many more are inspecting it, either prompted by keen firm sense or financial realities. Outsourcing is like a large, ominous wave a few miles offshore. It is preferable to surf the wave than wait to be engulfed, overwhelmed by its power and left wondering what happened.
British economist Herbert Spencer is credited with originating the term "survival of the fittest" in the mid 19th century. Although also having application to biology, Spencer applied the thought of survival of the fittest to free shop economics. In a free market, associates and businesses will do what is principal to survive. If that means outsourcing some U.S. Legal jobs for the greater good of survival of the entity itself, then so be it. The model of ever increasing salaries and expenses for law firms followed by even higher legal fees charged clients cannot reserve itself any longer. Legal outsourcing is here to stay. The wise will take notice, survive and flourish.
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