"Outsourcing, Law & Technology - Concerns & Solutions"

1
Can Outsourcing & Technology Strengthen Law Practice? Globalization has and is transforming each sector of the world’s economy and the legal profession too is going through this transformation. There has been a tremendous increase in consumerism in this industry which has forced law firms to do process re-engineering and look for innovative options to create value for their clients. It will not be wrong to say that Outsourcing, Law and Technology have today become the key pillars for the growth of an entity in the legal industry. Legal Outsourcing is more than a billion dollar industry today and has been prevailing for more than a decade now. This clearly indicates that a number of law firms and in-house legal departments of companies see it as a viable business model. Not only is it working towards increasing work productivity but it has also been instrumental in controlling the operational expenses. Legal Outsourcing is growing at more than 30% a year but there is still a thick layer of concerns that exists. Unlawful, management, quality, confidentiality and billing are just few of these. Technology today is changing by the hour and things which were once considered impossible or difficult can now be done easily. The key thing here is to accept the change and go with it. Keeping in mind the changing dynamics of the legal industry, Draft n Craft is organizing a knowledge sharing event, “Outsourcing, Law & Technology – Concerns & Solutions” in New York on February 07, 2013. The aim of the event is to assemble different professionals and experts at one place to share knowledge and best practices in the field of Outsourcing, Law & Technology. The event will be addressing the concerns that legal professionals have in relation to outsourcing by examining current trends and its implementation through panel discussions, presentations, case studies and live exhibitions etc. For more information, please visit www.draftncraft.com

Transcript of "Outsourcing, Law & Technology - Concerns & Solutions"

Page 1: "Outsourcing, Law & Technology - Concerns & Solutions"

Can Outsourcing & Technology Strengthen Law Practice?

Globalization has and is transforming each sector of the world’s economy and the legal profession too is going

through this transformation. There has been a tremendous increase in consumerism in this industry which has

forced law firms to do process re-engineering and look for innovative options to create value for their clients.

It will not be wrong to say that Outsourcing, Law and Technology have today become the key pillars for the

growth of an entity in the legal industry.

Legal Outsourcing is more than a billion dollar industry today and has been prevailing for more than a decade

now. This clearly indicates that a number of law firms and in-house legal departments of companies see it as a

viable business model. Not only is it working towards increasing work productivity but it has also been

instrumental in controlling the operational expenses.

Legal Outsourcing is growing at more than 30% a year but there is still a thick layer of concerns that exists.

Unlawful, management, quality, confidentiality and billing are just few of these. Technology today is changing

by the hour and things which were once considered impossible or difficult can now be done easily. The key

thing here is to accept the change and go with it.

Keeping in mind the changing dynamics of the legal industry, Draft n Craft is organizing a knowledge sharing

event, “Outsourcing, Law & Technology – Concerns & Solutions” in New York on February 07, 2013. The

aim of the event is to assemble different professionals and experts at one place to share knowledge and best

practices in the field of Outsourcing, Law & Technology. The event will be addressing the concerns that legal

professionals have in relation to outsourcing by examining current trends and its implementation through panel

discussions, presentations, case studies and live exhibitions etc.

For more information, please visit www.draftncraft.com