Presentation on theme: "Insourcing and Outsourcing. 78% (67% in 2007) of in-house lawyers agree that reducing total legal expenditure is becoming increasingly important in their."— Presentation transcript:
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 doesnt get done Typical in-house workload Time Workload
A. Exceptional B. Experience C. Efficient Corporate legal work
A.Pointy end large law firms but can be unbundled B.In-house teams and insourcing C.LPOs Use alternatives to create efficiencies
Time spent on doing what matters Is this familiar? Time spent on everything else
Who? Advent Lawyers Balance 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? Pangea3 Gemtech CPA 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?
Quantifiable 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?
SydneyMelbourne Level 5, 66 Hunter StreetLevel 40, 140 William Street Sydney NSW 2000Melbourne VIC 3000 T +61 2 8014 5110T +61 3 9229 3855 F +61 2 9223 0511F +61 3 9229 3856 www.adventlawyers.com