If You Wanna Make Money, You Need to Outsource
Biglaw partners have always recognized the benefits of outsourcing. That's essentially the business model for large firms: bring in a large client, delegate (or "in source") the work to associates, take a cut of the billings that each associate generates and make your money. Outsourcing companies are now following this strategy, getting rich by providing outsourcing legal and patent services to law firms and other businesses, in one case, to the tune of four million dollars a year. Considering that outsourcing hasn't been viable for that long, that's not a bad profit. Maybe we'll see unhappy firm lawyers become legal outsourcers.
Posted by Carolyn Elefant on March 31, 2006 at 03:43 PM | Permalink
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