There’s no doubt that the digital age that we live in has completely and radically changed the economy that we function in. Gone are the days when doing a multinational board meeting meant hopping on a plane and getting together in a room physically with a bunch of folks.
Now, with video conference calls, instant chat tools, and not to mention email, the world has shrunk. In just a few moments, you could be talking to someone located pretty much anywhere in the world.
One of the results of this extreme form of connectivity is legal process outsourcing. Because of the fact that companies in one country can now interact with other companies in different locations with extreme ease, outsourcing as an industry has exploded.
It’s transformed the legal industry in particular. In the United States, lawyers are expensive! That’s why more and more legal firms seek to use the services of lawyers from across the globe in countries where legal services don’t come at such a high premium.
In this article, we’ll help you decide whether or not outsourced legal services would be right for your business.
The most obvious benefit of legal process outsourcing (LPO) is the cost savings. Simply put, a lawyer in India or China will do the same work as a lawyer in the United States for a smaller sum of money.
Obviously, there are some caveats to this. For one, you can’t rely on lawyers across the world for everything. There are some parts of the legal process that require in-person interaction. Next, you don’t want to leave the work with the highest stakes to an outsourced company — you just don’t have enough control over the outcome like you do when you do the work in-house.
But when it comes to the time-consuming busywork that’s an inevitable part of law? Send it across the ocean and watch your margins rocket upward.
Accommodate More Clients
Another positive benefit of LPO is that you are now able to accommodate more clients with the same amount of in-house staff that you had previously. Now that the mundane stuff is getting taken care of by the subcontractors, your in-house employees can focus on what really matters; getting and retaining new clients.
If you’re looking to grow your law firm into something far bigger than it is already, then it’s time for you to consider hiring professional LPO help for consumer protection.
Is Legal Process Outsourcing Right for You?
Ultimately, we can’t answer the question as to whether or not legal process outsourcing is right for you. The fact of the matter is that it depends entirely on your business, your margins, and the type of legal work that you do.
However, it has proven to be a good option for many a successful law firm in the world today, so it’s high time that you consider the option fully.
For more business advice, be sure to check out the rest of the articles on the website!