Demystifying Outsourcing for Corporate Counsel

Demystifying Outsourcing for Corporate Counsel

Corporate law departments face an unprecedented level of pressure to reduce costs, to do more with less, to deliver a quality legal product to internal corporate clients.  In days past, as the saying goes, the Chief Legal Officer would offer executive management a choice:  "We can do the work well, we can do it quickly or we can do it cheaply.  Pick two."  Today's CEO wants it all, and who can blame him or her?  Every business function faces a relentless drive to eliminate defects, improve production capacity and accelerate time to market.  Law departments have been somewhat sheltered from these pressures, in part due to the unpredictable nature of legal issues, much to the chagrin of executive management.   Adding to the tension is the trickle down effect of an unprecedented growth rate in law firm revenues over the past ten years, which, according to a recent study by the Corporate Executive Board, increased 75% while other supplier costs increased by an average of 25%.

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