In recent years, the legal profession has noted a marked move towards outsourcing. This often occurs between firms, but it’s also a trend which is developing with businesses. Many are now doing away with in-house teams and relying completely on outsourcing. Here are just a few reasons why.
You’ll Enjoy Noticeable Savings.
The most immediate advantage of outsourcing legal functions is also the most significant – you’ll dramatically reduce your costs. Labour arbitrage – the difference between the wages of in-house personnel and outside teams – represents an extremely effective way of streamlining a business model and saving money each month.
Just make sure that you’re still receiving experienced legal assistance. Check credentials and ask for references before you select a team – particularly if you’re tempted to base the decision on cost alone.
You’ll be Able to Utilise Outside Talent
Outsourcing might be cheaper, but that doesn’t mean that the quality of legal assistance which you enjoy will suffer. In fact, outsourcing allows you to work with high-level talent which you may not be able to attract to a permanent post within your firm.
This can be particularly beneficial when you require a law team with experience and knowledge concerning a niche area. Small boutique firms often rely upon external assistance to fill these competency gaps, and your business can do so too.
You’ll Experience a Faster Turn-Around
Employing additional legal personnel via outsourcing means that you’ll be able to have projects completed faster. Instead of having to depend on the same small team, you’ll be able to source new talent as and when you need it, and their external perspective can help streamline your operations.
This has become even more of a benefit in the modern age. Technological innovations have created a world in which teams can work together just as easily whether they’re in a different room or a different hemisphere. This means you can leverage time differences – a team in England will be able to work during periods when American teams will be off the clock.
Outsourcing legal always brought advantages, but those advantages have been intensified in recent years. If you haven’t’ considered making the change, there’s never been a better time to do so.