This Article is About
economic slump
dollar industry
business building
valuable resources
perfect time
Five Reasons Why A Small To Medium Sized Law Firm Should Outsource
Join 1000's of Authors at StreetArticles Today!

Five Reasons Why A Small to Medium Sized Law Firm Should Outsource

Now more than ever before is the time for small to medium sized firms to begin outsourcing.

Outsourcing is the contracting out work to another company. In the 1990s, sending telemarketing, legal document review, and payroll jobs overseas exploded into a billion-dollar industry.

In the legal arena, many large law firms farm out a significant portion of their legal work across the sea to India and The Philippines. Unfortunately, most small or boutique law firms have not benefited from outsourcing.

While the U.S. economy shows signs of recovery, the recurring economic slump has spread across the globe. Corporations, including some of the largest and most prestigious law firms, have been forced to cut back services and layoff employees.

During this continued economic dip, it is the perfect time for small to medium and boutique law firms to join the others in outsourcing legal services abroad.

Following is a discussion of the many advantages for a small law firm to outsource.

1. Lowering Prices on Capital: Especially for small firms who are just starting, large bills can stagnate your growth. Outsourcing allows you reduce your capital expenditures and shift that capital to other areas, which will allow growing your business and attracting new clients.

2. Improve Quality: Outsourcing allows a small or boutique law firm to contract out simpler legal tasks and channel its legal prowess to more important processes that can only be done in-house such as hearings, trials, and conferences.

3. Cut Labor Costs: Salaried employees can be very costly – especially when you include healthcare, taxes, insurance and training. Outsourcing legal services enables a small to medium sized firm to focus your valuable resources where you want. Also, the money saved from taxes and healthcare can be shifted to other business building areas.

4. Initiate a New Project with a Bang: Your firm has a plan to offer a new service. Everything is in place except you need to hire two new attorneys. The advertising, interviewing and hiring of two attorneys for a small firm can be incredibly time consuming. As a result this exciting new service becomes a non-starter. Outsourcing various legal services enables you to launch your new projects on time with a bang.

5. Concentrate on Generating Growth and Minimizing Risks: Law firm partners need to focus their mental and physical energy on generating growth and minimizing risks. If not, the firm will whither away. Competition is heavy - especially during our current economic slump; therefore, it is crucial for a small to medium sized firm to outsource various legal tasks overseas and concentrate on successful growth.

To assist in your ability to begin outsourcing, here is a list of some of the legal services that are currently being outsourced:

  • Litigation document review
  • Due Diligence Review
  • Legal Research
  • Legal Writing
  • IP legal work both substantive and administrative
  • Paralegal Services
  • Administrative and Secretarial Services

These lists are not exhaustive of the types of legal services being outsourced and the advantages that are realized.

Before outsourcing, it is extremely important to choose the most appropriate outsourcing firm. For example, there are numerous advantages to outsourcing to Israel instead of India or The Philippines.

Street Talk

No comments present
You May Also Like
Could UK Building Societies Soon Be Offering Larger Mortgages?
Traditionally, if you were looking for a large mortgage in the UK – one in excess of £1million - then you would be unlikely to approach a building society because they have typically had relatively low lending limits and offered much smaller loans than this. But there are now plans…
By: michellesymonds in  Real Estate  >  Mortgage Refinance   Oct 20, 2012  
  Likes: 0

California Towns Declaring Bankruptcy
The latest casualty of the economic recession in America is the California city of Mammoth Lakes. This ski resort has been the destination for many enthusiasts, but unfortunately does not have the money to continue. This is the second California city that has filed for bankruptcy and it is a…
By: David Schmidt in  Finance  >  Debt Consolidation   Jul 06, 2012  
  Likes: 9

Always Be Prepared And Equipped With Knowledge Of Construction Law!
The construction industry in Dubai is one of the largest sectors that are contributing towards economic growth and development. The economy has received boost as the number of construction projects are increasing. Specifically, the government has sought to provide incentives for construction companies so that the sector can contribute towards…
By: Tania Jelinek in  Legal  >  Corporations LLC   Jun 01, 2016  
  Likes: 0

Application for Patent on Utility Inventions at the United States Patent And Trademark Office
If you have a good idea for an invention, a patent is still a very good and effective way to safeguard against intellectual property squatters, copy-catters and imitators. If you are planning on applying for a patent on your invention, you need to be aware of three essential phase in…
By: Janet Martin in  Legal  >  Corporations LLC   Jan 21, 2016  
  Likes: 0

The Aspects That the Corporate Lawyers Look for While Assessing the Contracts
Most of the corporate lawyers are often asked to evaluate various contracts that their clients give them for accessing. The lawyers then scrutinizes the entire contract to bring out the flaws, issues and ensures that it covers everything. The business clients generally want to know that whether the contract is…
By: Robin Joe in  Legal  >  Corporations LLC   Sep 23, 2015  
  Likes: 0

What Makes the Law Firms Highly Successful And Popular? - Part 1
There are several aspects related to acquisitions, internal development and external marketing which is successfully put together in the making of a prosperous law firm. Now the question remains as to how to effectively grow your firm in a successful manner and earn recognition. Most of the law firms that…
By: Robin Joe in  Legal  >  Corporations LLC   Sep 29, 2015  
  Likes: 0

The Best Ways Of Finding A First - rate Solicitor - Part 2
Finding a decent solicitor for your business, organization or personal legal requirement is extremely critical. But if you can hire one, he or she would efficiently help you to handle all your intricate legal issues and problems in an effective way. In the last part (Part 1), of this article…
By: Robin Joe in  Legal  >  Corporations LLC   Sep 26, 2015  
  Likes: 0

The Different Types Of Eviction Notices
Whether you’re planning to rent out a condo, apartment, basement, office space, or a house, it is extremely important to have a contract signed by the tenant and yourself (the landlord) for any commercial or residential lease. If you suffer from tenant nonsense and often have to continuously ask for…
By: fasteviction in  Legal  >  Corporations LLC   Dec 22, 2014  
  Likes: 0

Complex Technology Of Potato Starch Production Line
Potato starch production line can affect all process stages, from the delivery and unloading of the raw product, to the potato cleaning and rasping, to juice separation; then to starch extraction, starch milk refining and dewatering and up to starch drying. The pulp’s next stage is the washing starch station…
By: paomo in  Legal  >  Corporations LLC   Oct 28, 2014  
  Likes: 0

Legal Services In Des Moines, Ia: How A Good Lawyer Can Help You Win Your Legal Battles
Managing assets can be very difficult without the help of an expert. An estate planning attorney helps to manage your assets so as to avoid family disputes and ensure that the family operates peacefully without many concerns in case of early retirement. An estate planning attorney Des Moines IA is…
By: kyrie curry in  Legal  >  Corporations LLC   Jul 02, 2015  
  Likes: 0

Why You Need A Wills Lawyer
If you have decided to make a will, but you are not sure how you are going to create it, you have just two options: you can do it by yourself (this is a risky option) or you can hire an experienced wills lawyer to help you make a will.…
By: Janet Martin in  Legal  >  Corporations LLC   Jan 05, 2016  
  Likes: 0

Myths And Facts: Private Investigators
The human mind loves to form preconceived notions about anything it comes across. Almost everything you search on Google nowadays has myths attached to them. Popular beliefs related to things, professions, and processes that are not always true, get considerable limelight when people start learning about them – yes, even…
By: Shawn Deny in  Legal  >  Corporations LLC   Dec 24, 2015  
  Likes: 0

Due Diligence Review Part Iv: Position In the Marketplace & Adminstrative Records
When most lawyers think of document review, they think of a pack of attorneys sitting at desks with a PC tagging electronic documents for responsiveness (or not) as part of the litigation discovery process. This is what occurs daily all over every major U.S. city, the Philippines and India. However,…
By:  in  Legal  >  Corporations LLC   May 15, 2012  
  Likes: 0

Eeoc Moves to Stop Discrimination Against Job Applicants With A Criminal Record
As is known, every state and the federal government have laws to prohibit employers from discriminating based on race, national origin, creed, religion, gender and disability. We all know illegal discrimination is still a major blemish on our society. However, many employers are aware of the laws and attempt to…
By:  in  Legal  >  Corporations LLC   Jun 26, 2012  
  Likes: 0

The Ten Commandments Of Business Acquisition
THE TEN COMMANDMENTS OF BUSINESS ACQUISITIONS The acquisition of an operating business is a significant transaction involving many complex legal, tax, accounting, and logistical issues. Like many other skills, expertise in business acquisitions is typically obtained only through repetition and breadth and depth of experience. During the past 25 years,…
By: Ben Calkins in  Legal  >  Corporations LLC   Jan 06, 2015  
  Likes: 0

Article Views: 1857    Report this Article