12/26/2023 0 Comments Legal document no workdone on houseBy going freelance, you can find qualified legal help at any skill level for any kind of project or case. Enabling flexible staffing for your client cases.įreelance attorneys provide their services only when your law firm needs the help. By outsourcing specific law services to contract lawyers, you meet all the needs of your clients without having to hire a full-time employee. There are so many different types of law practice that your law firm can’t be an expert in all fields. The top five benefits to legal process outsourcing for law firms include: 1. In fact, 62.1% of law firms in the 2019 Altman Weil Survey report that shifting work to contract lawyers “resulted in significant improvement in firm performance.” 48% of law firms in the 2019 Altman Weil Survey say they use contract lawyers, 57% report using part-time lawyers, and 24.1% report outsourcing non-lawyer functions.ĥ benefits of legal process outsourcing for law firmsĪt its core, legal process outsourcing is a convenient way to increase capacity, focus on the strengths of your law firm, and increase profitability.The same study on alternative legal service providers also finds that $900 million is spent annually with contract lawyers, in-sourcing, and staffing services.$6.2 billion is spent annually with legal process outsourcing, e-discovery, and document review service providers, according to Thomson Reuters and the Georgetown Law Center for the Study of the Legal Profession.Here are some other factors that indicate the industry’s growth: The market is projected to reach $35.9 billion by 2025. In fact, the global legal process outsourcing market was estimated to expand at a compound annual growth rate of 31.8% from 2019 to 2025. More law firms are turning to legal outsourcing to stay competitive and profitable. Legal industry trends for 2020 show that clients expect law firms to go above and beyond the traditional offering of services and support. Industry trends for legal process outsourcing 15 Ways to Level up Your Solo Practice This Year.Offshoring is the process of employing cheap overseas labor to complete tasks remotely.Legal process outsourcing is using local lawyers and professionals to take on certain tasks like document review, scanning, and non-substantive court appearances.So, it’s important to recognize the distinction between legal process outsourcing and offshoring. The difference between legal process outsourcing and offshoringĪ common point of confusion arises from the word “outsourcing”. There are plenty of professional outsourced legal services available, as well as freelance lawyers, and lower-cost practitioners. This is where legal process outsourcing can be leveraged. Unfortunately, running a law firm, just like any business, involves plenty of tasks that compete for your attention. To make practicing law more profitable, it’s important to really understand and use your strengths. In other words, bringing in new business for your firm and offering top service to existing clients. This allows you to focus on what you do best. You can leverage the strength of other experts to save time, cut costs, and reduce your workload. Think about all the mundane routine tasks that can be done by outside help. Instead of dedicated internal resources, discrete legal services are transferred to external companies, local lawyers, or paraprofessionals. Legal process outsourcing can be a significant cost-saving measure. What is legal process outsourcing for law firms? With the information you learn here, you’ll be able to build a more profitable practice sooner than you think. We’ve also compiled a handy list of best practices for getting the most out of legal process outsourcing. In this guide, we’ll explore the foundations of legal process outsourcing, why more law firms are using it, and industry trends for 2020. You can, however, tackle that list in a faster, smarter, and more efficient way-by using legal process outsourcing to scale your operations. No matter how hard you and your team work, the list of must-do tasks when running a successful law firm is extensive.
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