4 Reasons to Outsource Legal Work - PowerPoint PPT Presentation

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4 Reasons to Outsource Legal Work

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Many large firms have their own legal departments. This may actually only consist of one lawyer or maybe a whole team of them. This has often been seen as the best way to ensure that you... – PowerPoint PPT presentation

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Title: 4 Reasons to Outsource Legal Work


1
4 Reasons to Outsource Legal Work
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  • Many large firms have their own legal
    departments.  This may actually only consist of
    one lawyer or maybe a whole team of them.  This
    has often been seen as the best way to ensure
    that you have a lawyer which knows your business,
    is invested in its concerns and can provide
    instant advice whenever it is needed.
  • In return, a lawyer employed by a firm can feel
    more like part of a business which creates
    something.  They can see the benefit of their
    input and how the company grows year by year. 
    This should inspire them to give the best
    possible advice and service.

3
  • With all this in mind, why would you choose
    to outsource legal work?  There are actually four
    key reasons
  • Cost Saving
  • The most obvious reason to outsource legal work
    is that you can make a cost saving.  Instead of
    paying a lawyer or team of lawyers to be on hand
    to deal with queries you simply pay for them
    when you need the work completed.
  • This can represent a significant reduction in
    your costs although it is wise to consider the
    costs of being represented in a case if this was
    necessary.  After all, under your in-house system
    there would be no charge for representation.

4
  • Wider Talent Base
  • No matter how good or dedicated your in-house
    lawyer is, their expertise and experience will be
    limited.  When you outsource legal work you gain
    access to a much wider talent pool.  You will be
    able to deal with a lawyer specializing in your
    specific needs at that time.
  • The information and service available on
    specific subjects will be far superior to that
    which you can get from your in-house lawyer. 
    However, your in-house lawyer will have a better
    grasp of what is important to the business and
    how any particular course of action may affect
    it.

5
  • More Flexible
  • An in-house lawyer or even team of lawyers can
    only achieve so much work.  There is a finite
    limit on the time they have available and the
    only way to increase this is to hire more
    lawyers.  Unfortunately, this is not generally an
    option due to the cost and difficulty of hiring
    and firing for specific workloads.
  • If you outsource legal work then you can benefit
    from access to as many lawyers as you need and
    you can direct them to tailor their response to
    the specific situation in hand.  This allows you
    to deal with multiple issues promptly and
    effectively without incurring huge bills.  Of
    course, you will need to keep an eye on what
    costs are involved when you outsource legal work.

6
  • Faster Turnaround
  • Finally if you choose to use a non-domestic firm
    to outsource legal work then you are likely to
    find them capable of completing work while you
    sleep.  This is simply because of the time
    difference.  The benefit is that you can ask for
    something to be done at the end of the day and it
    will be ready for you in the morning.  This may
    not have been an option with an in-house legal
    team.
  • Source http//makingmoneypoint.com/4-reasons-out
    source-legal-work/
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