It’s a reality that businesses are able to examine changing two streams of revenue that are expenses and income in order to boost profits. If the income is declining and it isn’t expected to rise substantially in the near future the clients of law firms are likely to take the opportunity to reduce costs to stay afloat. Legal fees will come subject to intense scrutiny. Legal outsourcing, though an infancy sector, is now gaining momentum and is being discussed in more corporate boardrooms. As pressures to outsource increase lawyers consider whether they should decide to outsource legal work offshore or rescind it. In the context of the global economic crisis and the deteriorating number of American jobs, why do an law firm want to consider outsourcing legal services? Are there any valid reasons as to that targeted legal outsourcing is a must for any bankruptcy firm? A few weeks ago, I got an email an attorney who was thinking of outsourcing certain legal tasks that his company. He was facing opposition and challenges from the law firm that were keen to preserve the status quo, he contacted me for my opinion on what he could tell his colleagues. What are the reasons why a firm should outsource legal […] read more