Legal Process Outsourcing for Law Firms
Venue: Holborn Bars
|Event Date/Time: Mar 24, 2010||End Date/Time: Mar 24, 2010|
Understand why law firms are using legal process outsourcing and the broader client pressures and operational efficiency drivers
Understand what type of firms are using LPO and which legal processes have been looked at
Understand how firms should approach an LPO initiative both in terms of scoping, operating model selection (build-your-own vs outsource; nearshore vs farshore), knowledge transfer & risk management
The recession has accelerated changes in the way that corporate clients are buying legal services from their external counsel. As well as a general context of downward pricing pressure as corporates are forced to respond to falling levels of economic activity, there are also more sophisticated purchasing habits emerging. Increasingly there is differentiation between advisory and routine services (or at a more granular level, processes that make up a legal service) and clients are demanding appropriate pricing in response.
Legal Process Outsourcing is one tool that law firms have adopted to address these challenges but increasingly is part of a broader programme of operational efficiency improvement. Those firms who are tactically using LPO in response for a given client pressure are not reaping the benefits that more strategic and fundamental approaches are bringing.
This masterclass will help navigate you through the LPO maze and de-mystify the hype.
Who should attend: Anyone with leadership responsibilities for the LPO agenda within their firm, this could be:
Heads of legal departments
Law firm management (COO/CFO)
David Ellis, a partner with OMC Partners, brings a great breadth and depth of experience as both a provider and a consultant - a classic â€˜poacher turned gamekeeperâ€™. David, who has a law degree, is a qualified accountant (FCMA), and holds an MBA from ESC-EAP, Parisâ€™ leading Grande Ecole, is a former associate Partner at PwC and IBM.
David has broad-ranging experience of all typical sourcing structures (in-house, outsource, JVâ€™s and hybrids). He has also worked across a number of functions, including Finance, HR, Procurement and Knowledge Management spanning the full lifecycle of sourcing projects. He has strong relationships with many of the major outsourcing players, as well as several niche companies, and has a deep understanding of the different qualities of many delivery locations in Europe, the US, Asia and the Far East.
Jack Diggle, a partner with OMC Partners, works with law firms managing operational efficiency programmes across legal service lines and practice support. His most recent work has focussed on helping law firms build efficiencies in delivering legal services to improve quality whilst enhancing profitability.
Prior to OMC Partners, he worked for 10 years in the investment banking sector, specialising in outsourcing and offshoring. He worked for Goldman Sachs and with ABN AMRO where he was instrumental in the development of their middle and front office offshoring programmes.
Jack has worked across Europe and Asia. He has developed both captive and third party offshoring solutions for clients. His particular strength lies in delivering pragmatic offshoring solutions in complex operating environments. A key focus is on building strong working relationships between on and offshore entities.
OMC Partners are focussed on the UK legal market.They have worked with over 30% of the top 20 UK law firms by revenue.