Outsourcing Corporate Legal Departments
Introduction
Much of the discussion around legal process outsourcing (LPO) has tended to focus on its impact on law firms. However, corporate legal departments are the biggest consumers of LPO services, and a number of recent landmark deals involving well-known multinationals have served to underline the growing maturity of the industry.
Features and benefits
This report will look at the potential benefits to corporations of outsourcing legal services, as well as take a closer look at key developments affecting the way LPO work is delivered.
Your key questions answered
Much of the discussion around legal process outsourcing (LPO) has tended to focus on its impact on law firms. However, corporate legal departments are the biggest consumers of LPO services, and a number of recent landmark deals involving well-known multinationals have served to underline the growing maturity of the industry.
Features and benefits
- In-depth analysis of how LPO projects are structured, using examples from notable deals involving multinational companies.
- Discussion of the growing demands on corporate legal departments, including the impact of greater regulation.
This report will look at the potential benefits to corporations of outsourcing legal services, as well as take a closer look at key developments affecting the way LPO work is delivered.
Your key questions answered
- What are the key benefits available to corporate clients through the outsourcing of legal services?
- What are the issues driving corporate interest in LPO?
SUMMARY
Catalyst
Ovum view
Key messages
LPO work is gradually moving up the value chain
LPO vendors must be prepared to work with both corporate counsel and law firms
Demands on corporate legal departments are growing
The coming year will see consolidation in the LPO market
The LPO competitive landscape is changing
Technology will become an increasingly important issue in LPO
LPO: A RAPIDLY CHANGING MARKET
"Extinguishing the skepticism"
The shifting attitude of law firms
Corporate counsels remain the biggest consumers of LPO
A closer look at the Rio Tinto deal
The major benefits of outsourcing corporate legal services
Cost
Effective use of resources
Scalability
ISSUES DRIVING CORPORATE INTEREST IN LPO
The global downturn has increased focus on cost control
Growing demands on corporate legal departments
Volume of legal work is higher at large corporations
LPO crosses vertical markets
The impact of greater regulation
Companies with outsourcing experience are more likely to embrace LPO
DEVELOPMENTS IN LPO DELIVERY MODELS
Notable shifts
Shifts in the competitive landscape
The use of technology by LPO vendors
APPENDIX
Further reading
Methodology
Author
Ovum Consulting
Disclaimer
Catalyst
Ovum view
Key messages
LPO work is gradually moving up the value chain
LPO vendors must be prepared to work with both corporate counsel and law firms
Demands on corporate legal departments are growing
The coming year will see consolidation in the LPO market
The LPO competitive landscape is changing
Technology will become an increasingly important issue in LPO
LPO: A RAPIDLY CHANGING MARKET
"Extinguishing the skepticism"
The shifting attitude of law firms
Corporate counsels remain the biggest consumers of LPO
A closer look at the Rio Tinto deal
The major benefits of outsourcing corporate legal services
Cost
Effective use of resources
Scalability
ISSUES DRIVING CORPORATE INTEREST IN LPO
The global downturn has increased focus on cost control
Growing demands on corporate legal departments
Volume of legal work is higher at large corporations
LPO crosses vertical markets
The impact of greater regulation
Companies with outsourcing experience are more likely to embrace LPO
DEVELOPMENTS IN LPO DELIVERY MODELS
Notable shifts
Shifts in the competitive landscape
The use of technology by LPO vendors
APPENDIX
Further reading
Methodology
Author
Ovum Consulting
Disclaimer
