Sometimes it takes a good newspaper article to confirm what we all know is going on. In the UK external investors have been lining up to …"/>

LPO Proof – Fresh From The London Times

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Sometimes it takes a good newspaper article to confirm what we all know is going on. In the UK external investors have been lining up to get involved with law firms. While not an option for US firms, it is actually a REAL OPTION for US law firms to take maximum advantage of LPO or Legal Outsourcing.

Over the last 18 months I’ve worked on 3 deals which have been broadly structured as follows:

  1. Law firm recognises the low value in some elements of its operations
  2. LPO sees great value in those operations
  3. Price is set to buy those operations

Of course, that is the ultra-ultra-simpleified version, but the facts are that law firms are starting to analyse what they want to do and what they do not want to do. Investing skills and financial resources in lower value activities is something that Corporates cut back on over the last 5 years. Law firms are following suit.

Firms have a small window of opportunity (probably 12-18 months) to release the value they are sitting on in their lower value activities. The LPOs are currently very open to buying capacity and deals that make sense to them from a long term perspective, but I believe their appetite will be sated by the end of 2013. Given the complexity of these projects, now is the time to start.

Here’s the article that sparked today’s blog: http://www.thetimes.co.uk/tto/law/article3465783.ece

Take action now and get started by contacting [email protected]

Baker McKenzie, Skadden, Arps, Slate, Meagher & Flom, Clifford Chance, Linklaters, Latham Watkins, Freshfields, Bruckhaus Deringer, Allen Overy, Jones Day, Kirkland Ellis, Sidley Austin, White Case, Weil Gotshal, Greenberg Traurig, Mayer Brown, Morgan, Lewis Bockius, K L Gates, DLA Piper, Gibson Dunn, Sullivan Cromwell, Cleary Gottlieb Steen Hamilton, McGrigors, Biggart Baillie, Maclay Murray and Spens, Dickson Minto, Dundas and Wilson, and Shepherd and Wedderburn

 

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One thought on “LPO Proof – Fresh From The London Times

  1. ram sharma susarla

    I am one of the associate director of a law firm ‘srs associaties ‘from India.We are interested in LPO .Please advice us in this regard.

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