Thursday, April 26, 2018

Why Consider Legal Process Outsourcing for your Law Firm?

Today, many organizations are seeking effective ways to reduce their operating cost and focus more on core functions. And legal process outsourcing (LPO) is gaining popularity in this regards.

LPO is a basically a process where lawyer transfers their non-core tasks to external firms that have professional lawyers, paralegals, etc., that too at cost-effective prices. Recently a report cited by Novitex and ALA (Association of Legal Administrators) stated that 55% of law firms in the US entrust part of all their legal functions including document processing, litigation support, patent applications, contract drafting, brief writing, and e-discovery.

Overcoming Contract Management Challenges: Best Solutions for Businesses

For every organization to succeed, effective contract management is essential. However, managing contracts can be challenging, particularly ...