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Ticket to ride

Law firms should consider outsourcing some functions to streamline their business models or ABS will derail them, says James Holder

4 December 2011

The opportunities for law firms to outsource functions, both legal and support services, have been around for years. However, law firms did not feel the same pressures to increase profits and margins in the boom years (when the demand for legal services seemed to grow year on year and, with it, profits) as in more recent years, when most law firms will have seen a fall in profits per partner.

Bootleg beatles

As with a number of novel concepts, law firms will have found their own reasons to not do something, rather than recognise that the benefits of doing something may well outweigh the disadvantages of doing it and the advantages of not doing it. But coming up with reasons for not doing something does not justify not doing it if the right business decision is to do it. By deciding to not sign The Beatles in 1962, Decca had their reasons (they thought The Beatles had “no future in show business&rdq...

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