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Insourcing and Outsourcing

Insourcing and Outsourcing. 78% (67% in 2007) of in-house lawyers agree that reducing total legal expenditure is becoming increasingly important in their organisation 80% (71% in 2007) of in-house lawyers agree that the percentage of legal work they conduct in-house is increasing

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Insourcing and Outsourcing

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  1. Insourcing and Outsourcing

  2. 78% (67% in 2007) of in-house lawyers agree that reducing total legal expenditure is becoming increasingly important in their organisation 80% (71% in 2007) of in-house lawyers agree that the percentage of legal work they conduct in-house is increasing Source – Legal Beacon 2009 and ACLA in-house law report Some interesting statistics..

  3. Typical in-house workload Outsource to external firm at hourly rates Something doesn’t get done Do your day job at night Workload Time

  4. There are new alternatives …

  5. Corporate legal work A. Exceptional B. Experience C. Efficient

  6. Use alternatives to create efficiencies A. “Pointy end” large law firms but can be unbundled B. In-house teams and insourcing C. LPO’s

  7. Is this familiar? Time spent on doing what matters Time spent on everything else

  8. Who? Advent Lawyers Balance Legal How? Provide senior and experienced lawyers who work in-house More commercial focus and understanding 100% dedicated Flexible basis and at a reduced fixed cost Insourcing

  9. Executing or project managing transactions Managing large scale tenders or contracts Litigation or dispute resolution Implementing regulatory change Compliance projects Managing integration issues following a merger or acquisition Short and longer term “infill” – e.g. replacement for someone on holiday, maternity leave or assigned to a major project Insource what?

  10. Who? Pangea3 Gemtech CPA Global How? Often located in India and other lower cost environments Best of them have: US & UK trained lawyers working in India who are English speaking World class security & IT systems Confidentiality arrangements and non-disclosure agreements Legal professional privilege applies Conflicts policies Six Sigma methodologies for their processes Legal Process Outsourcing

  11. Corporate Due diligence Contract drafting and revision Corp governance and corp secretarial IP Patent preparation & prosecution support Patent research IP analytics, due diligence and competitive intelligence IP monetisation & litigation support Litigation & e-Discovery Document review Trial preparation & support Discovery solutions Risk management and Business Intelligence Outsource what?

  12. Why change? • Quantifiable ROI • Increased revenue/profitability • Substantial cost savings • Budget hero • Cost certainty • Intangible benefits • Reallocation of in-house lawyers to higher value activities • Access to subject matter and technical expertise • Flexibility

  13. SydneyMelbourne Level 5, 66 Hunter Street Level 40, 140 William Street Sydney NSW 2000 Melbourne VIC 3000 T +61 2 8014 5110 T +61 3 9229 3855 F +61 2 9223 0511 F +61 3 9229 3856 www.adventlawyers.com

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