A recent study shows that the average lawyer spends less than three hours a day on work they can bill. Lawyers looking to expand their practice and improve the client experience can rely on outsourcing to ease their burden. Here are some benefits of outsourcing legal processes: Lawyers work an average of more than 50 hours per week. Between juggling incoming calls, advising their existing clients, attending court hearings and trying to attract new clients, an extra pair of hands would work wonders in any practice. The pressure to do everything can be overwhelming, so law firms that are inundated with work can benefit greatly from outsourcing their routine tasks. To remain skinny and mean-spirited, many in-house legal teams have turned to LPO in order to reduce costs while maintaining the high quality of legal advice their in-house clients expect from them. Richer outsourced services include litigation support, offshore transaction support, high public interest issues, and regulatory affairs. For firms operating in multiple jurisdictions around the world, relying on the expertise of local lawyers may be the best way to ensure that an in-house legal team keeps abreast of local legal developments and does not conflict with local legal practices that could hinder effective resolution of legal issues. Breach of confidentiality is one of the main concerns of in-house legal teams when it comes to hiring legal outsourcing companies.
Some jurisdictions may have different requirements than your jurisdiction for the protection of privileged or confidential information. But given the nature, frequency, and scope of these tasks, and how their departments approach these tasks, each in-house legal department needs to determine which option (outsourcing or in-house management with technology) is best suited to them and these tasks. Clio, Legal Trends Report, Clio.com www.clio.com/resources/legal-trends/ In recent years, more than $650 billion has been spent on legal services. As the demand for legal services increases, businesses must turn to LPOs to verify costs and maintain profits. You can perform assigned tasks and process large amounts of legal data on fixed schedules and parameters. Here are some types of legal service providers: Other important outsourced legal work includes intellectual property (IP) and document review. This is where legal outsourcing services can help your law firm. In fact, you can hire a company to appear in court for you for a flat fee and save you travel time and downtime at the courthouse. When you hire third-party service providers to manage some of your in-house legal team`s to-do lists, you can expect the following benefits: There are only a limited number of hours in a day. No matter how hard you and your team work, the list of mandatory tasks when running a successful law firm is long.
However, you can approach this list faster, smarter, and more efficiently by using legal process outsourcing to scale your operations. We surveyed more than a thousand lawyers and clients and reviewed the caseload of tens of thousands of law firms for advice on how to adapt to COVID-19. Delegating non-core legal operations to external vendors frees up the time and internal resources needed to create an organization`s core processes. While more and more law firms are using legal process outsourcing to increase capacity and reduce costs, legal process outsourcing is on the rise worldwide. This is especially true given the emergence of virtual law firms and new types of law firms such as subscription-based law firms. For more information on the do`s and don`ts of outsourcing legal processes, register for our webinar on LAWCLERK. You will learn how to find research and writing assignments and delegate them effectively to outsourced professionals. The spectrum of process support has broadened. According to a report in The National Law Review, outsourced litigation firms now offer assistance with client onboarding, court appointments, staffing, IT and marketing automation. A recent law.com report confirms this trend, claiming that law firms are now outsourcing “high-value features,” including technology software and infrastructure.
Here are some organizations that specialize in litigation: Talitha Gray Kozlowski is the co-founder of LAWCLERK, which provides better and faster legal services through a fully secure and ethical platform that connects her general law firm and law firm users to a national network of independent lawyers. She is also a partner at Garman Turner Gordon LLP, which specializes in commercial and civil litigation, complex insolvency and restructuring, corporate, real estate, estate and trusts. This is one of the easiest ways to track your company`s productivity. If you spend more than 60 hours a week in the office and only a small portion of it is spent on work that you can bill, you can benefit from outsourcing. As law firms look for the most efficient ways to handle routine tasks, some are experimenting with a hybrid combination of outsourcing legal processes and offshoring. Companies can create efficiencies at any time of the day and night by leveraging onshore and offshore outsourcing. No matter what time zone you`re in, you can perform any task at any time of the day. In Clio`s application directory, you will find tools to outsource manual work for your business. Areas include e-discovery, legal research, document management, and more. Best of all, they`re already set up to increase productivity, as these integrations are tied to Clio. The concept of outsourcing legal processes is based on the division of labor principle that prevails in law firms, where various lengthy and time-consuming processes such as due diligence are delegated to paralegals, document reviewers or articling students.
 This allows the company to respond to the various legal issues that arise on a daily basis while optimizing productivity. Before we go any further, let`s be clear about what we mean by outsourcing the legal process. As with business process outsourcing, companies more often attempt to outsource certain legal tasks to service providers other than external consultants in order to optimize costs and better serve their internal customers. This makes sense for several reasons, including the fact that the hourly rates of external law firms continue to rise. Today, even some employees charge more than $1,000 for an hour of their time. Learn more about Legal Support World and marvel at your clients` experience and range of services. They are generally divided into legal research services, litigation support services, contract review and administration services, and paralegals. For any type of legal assistance, turn to Legal Support World for its unique and rewarding services. The legal technology industry is booming. Last year alone, legal technology companies received more than $1 billion in venture capital investments for the first time in their history.
Process-related tasks such as in-depth data entry, document discovery and management, and legal research are often outsourced. These may be handled by a third-party law firm or eDiscovery provider, but it won`t be cheap — and too often, it`s not fast or efficient either. With the right technology, some of these tasks can actually be automated for a fraction of what it would cost to outsource. A recent 2020 report showed that lawyers who use legal technologies such as CRM and client registration software generate 40% more revenue per lawyer than four law firms that do not use these technologies. Streamlining processes and creating more efficient workflows for high-volume phases, such as client onboarding, make a big difference to a law firm`s success. The use of artificial intelligence (AI) or automation software is especially useful for lawyers who want to break away from manual tasks. Legal Process Outsourcing (LPO) has become the new trend in the legal field today. Every law firm is looking for companies to outsource its endless legal work. While LPO was considered a very high risk because there was a high probability of fraud and even crime, today it is the best practice followed by all companies, large and small.