In the face of rising workloads driven by increasingly complex business and regulatory environments, corporate legal departments need to think carefully about when to outsource. It’s no longer cost savings that is primarily driving the need to outsource corporate legal work. Instead, an increasingly tangled patchwork of business, privacy and data-centric regulations are dominating corporate law departments’ effort, with many organizations managing as many as 13 entities in North America alone.
Legal process outsourcing offers a flexible way to address many of those concerns without having to make expensive investments in employee training or new in-house hires. Based on the results of a recent outsourcing survey commissioned and published by Wolters Kluwer CT Corp. and Wolters Kluwer ELM Solutions and conducted by ALM Media—which collected responses from executives responsible for corporate legal outsourcing decisions at U.S. companies with more than $500 million in revenue—that likely won’t come as news to many general counsel.