Overview

The legal sector is experiencing a period of rapid change, bringing both risk and opportunity to the market. In the past few years, a combination of factors has placed pressure on many law firms to look for ways to reduce costs whilst at the same time expand and broaden business horizons.
From new regulation, competition and business models which open up markets, to the subsequent pressure on fees, compounded by slow growth in the global economy, law firms are facing a broad range of strategic and operational issues. Outsourcing is growing in importance as a means of meeting many of these demands. Whether it is the use of near or off-shoring to enable a greater range of service levels for clients, shifting business units to external suppliers or centralising IT resources, new business models can support more cost-effective application of resources.