insourcing and outsourcing

Insourcing and Outsourcing

• 78% (67% in 2007) of in-house lawyers agree that reducing total legal expenditure is becoming increasingly important in their organisation

• 80% (71% in 2007) of in-house lawyers agree that the percentage of legal work they conduct in-house is increasing

Source – Legal Beacon 2009 and ACLA in-house law report

Some interesting statistics..

Outsource to external firm

at hourly rates

Do your day job at night

Something doesn’t

get done

Typical in-house workload

Time

Wor

kloa

d

New models for insourcing and

outsourcing work

New opportunities for efficiency on particular

projects or kinds of work

Improved workload management and

reduced costs

There are new alternatives …

A. Exceptional

B. Experience

C. Efficient

Corporate legal work

A

B

C

A. “Pointy end” large law firms but can be unbundled

B. In-house teams and insourcing

C. LPO’s

Use alternatives to create efficiencies

A

B

C

Time spent on doing what matters

Is this familiar?

Time spent on everything else

Who?Advent LawyersBalance Legal

How?• Provide senior and experienced lawyers who work in-house• More commercial focus and understanding• 100% dedicated• Flexible basis and at a reduced fixed cost

Insourcing

• Executing or project managing transactions• Managing large scale tenders or contracts • Litigation or dispute resolution• Implementing regulatory change• Compliance projects • Managing integration issues following a merger or acquisition• Short and longer term “infill” – e.g. replacement for someone on holiday,

maternity leave or assigned to a major project

Insource what?

Who?Pangea3GemtechCPA Global

How? • Often located in India and other lower cost environments• Best of them have:

– US & UK trained lawyers working in India who are English speaking– World class security & IT systems– Confidentiality arrangements and non-disclosure agreements– Legal professional privilege applies– Conflicts policies– Six Sigma methodologies for their processes

Legal Process Outsourcing

• Corporate– Due diligence– Contract drafting and revision– Corp governance and corp secretarial

• IP– Patent preparation & prosecution support– Patent research– IP analytics, due diligence and competitive intelligence– IP monetisation & litigation support

• Litigation & e-Discovery– Document review– Trial preparation & support– Discovery solutions

• Risk management and Business Intelligence

Outsource what?

Law Firm Pricing In-house counsel internal cost

LPO pricing$0

$100

$200

$300

$400

Significant cost savingsQuantifiable ROI• Increased revenue/profitability• Substantial cost savings• Budget hero• Cost certainty

Intangible benefits• Reallocation of in-house lawyers

to higher value activities• Access to subject matter and technical expertise• Flexibility

Why change?

Sydney MelbourneLevel 5, 66 Hunter Street Level 40, 140 William StreetSydney NSW 2000 Melbourne VIC 3000T +61 2 8014 5110 T +61 3 9229 3855F +61 2 9223 0511 F +61 3 9229 3856

www.adventlawyers.com