Earlier this week I asked US lawyers to see if their firm was on the list below. The purpose was to show that there is a huge, untapped value base within each of these firms that can easily be turned into a profit centre (after so many years in the US, I should really know [...]
http://www.youtube.com/watch?v=cv8o3LM8gm4&feature=youtu.be See the video here The Bingham McCutcheon announcement has stuck in my head for the last week or so. I know that every client situation is different, but I also thought the legal world had changed. Here’s why I have issues with their strategy.
The lowest investment I’ve ever seen a Law Firm make to establish a centralised delivery centre, of any more than 50 people, is about $3m – and that is on the cheap side. I’d love to know how much Baker & McKenzie or Clifford Chance invested to establish their offshore delivery centres.
About 12 months ago I started to blog on LPO/Legal Outsourcing and my experience as a consultant in the space. What was lacking was a snappy title for the blog. While looking at pictures for the millionth revision of The LPO Program website, I chanced across the image above, and suddenly I had it!
Tomorrow I will give you the answer, but I’ve got 10 minutes before my next client meeting and I know I can fire out about 200 words in that timeframe. Every week I average 3-4 conference calls with prospective Law Firm clients who are further investigating Legal Outsourcing/LPO – in some shape or form. I [...]
I have to admit to divided and confused loyalties. As a Scot living in New York, but spending a good chunk of each month back in the UK, I can at least pretend to be impartial. With that perspective, it is surprising to see how far ahead the London law firms are when it comes [...]
I do make it a point of principle to share and promote all educational materials that come across my (online) desktop. With an active newsletter readership of 2000+ it gives a unique distribution channel for LPO content. I don’t endorse or vet it, nor do we get paid to do this, so it does come [...]
Having grown up in a world that has seen such seemingly permanent things collapse – the Soviet Union, the Berlin Wall, Arthur Andersen, Merrill Lynch and, yes I am/was a fan, Glasgow Rangers – nothing should surprise us. On a micro level other things change faster. A very good friend shares an office with a [...]
Is your firm on the list below? If so, read this article with an open mind. There are huge opportunities available – but it takes nerves and a belief that “if you don’t cannibalise your business, then a nimbler, lower cost solution will do it for you”. The core facts are as follows: