insourcing and outsourcing
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
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