There’s often a negative connotation related to the word “outsourcing.” As attorneys, we pride ourselves on “seeing things through” to the bitter end. Although it’s an admirable quality to be relentlessly devoted to your clients and to your practice, we must ask ourselves, “is it truly in our client’s best interests?” In this two-part article series, we will discuss many of the reasons why law firms should outsource certain legal services.
Remember, for your settlement service needs, Synergy Settlements is the settlement solution provider that specializes in an assortment of legal services including settlement planning, management services, lien resolution, tailored and pooled trusts, liability MSA, among other services.
What is Outsourcing?
Just to be clear, the outsourcing of legal services entails that a law firm is contracting a third-party professional that specializes in a certain legal practice to perform a portion of the work for them. This process is in opposition of the traditional budget of a law firm which is centered around a collective group of full-time attorneys and staff members that each earn an hourly rate. So why would a law firm elect to outsource legal services? We will explain.
What Size Law Firm Should Outsource?
Although many attorneys think that outsourcing legal services is for the mega law firms that are allocating more money into their marketing budget to get bigger billboards, more bus signs, and extended airplay for their radio commercials, outsourcing is arguably even more effective for smaller companies. For example, if a small firm is dealing with a time-consuming lien resolution, they may not have the resources to tackle this legal task and continue their daily operations. Instead of committing an entire staff to one case, the firm can outsource their needs for this legal service and continue focusing on other important daily affairs.
What Legal Services Can Law Firms Outsource?
There are a variety of essential legal services that a law firm can outsource to a reliable partner that specializes in that specific legal task. Here are some examples of the types of third-party legal specialists that help law firms through the outsourcing process:
- Settlement Services: Settlement planners can assist law firms by negotiating the settlement on a case and developing a settlement plan. This allows the attorney to focus strictly on litigation.
- Litigation: Whether it’s drafting, reviewing, or organizing legal documents, there are many important aspects of a case that can be outsourced.
- Paralegal and Office Administration: From performing research tasks to notary services and filing legal documents, law firms can employ a variety of professionals to assist them with their daily tasks.
If you are interested in learning more about why law firms outsource legal services, please read part two.
For more information, or to schedule a consultation, please submit our contact request form.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.