Legal process outsourcing, or “LPOs,” is a hot term in the legal industry and has been for years. It’s only getting hotter as companies offer more individualized services. LPO is a concept that makes sense in today’s gig economy. Legal services are broken down and handed off to specialists who do that work all day, every day as their bread and butter. This leaves lawyers to focus on lawyering.
Nobody went to law school to run their own business, in the most obvious sense. One does not graduate with the innate ability to handle every administrative aspect of a law firm. They might have wanted their name on the door, but they certainly don’t want to spend their time reviewing financial documents or performing tasks like typing up memos. The same kind of thinking applies to services like Blue Apron or FreshBox; you don’t want to make dinner or go grocery shopping, so you pay someone else to do it for you. This lets you spend time on what you need and want to accomplish.
Here are some examples showing how LPOs benefit law firms:
- Project management: This type of process improvement allows professionals to hand off matters to specialists at less of a cost to the firm.
- Metrics: Statistics are the backbone of any organization, and unless you know what your numbers mean then you have no idea how to improve. This can determine whether investing in a human being for document review costs more than computer-assisted discovery, for example.
- Low-Cost Labor: Legal professionals working for a fixed duration on discrete projects is less of a cost than hiring a full-time, salaried professional.
- Budget Management: Legal project management providers often group tasks and matters by fixed prices, which leads to more effective financial reporting. Knowing ahead of time what certain projects will cost allows management to plan more for the future.
A staffing firm (like SuitsOn Staffing) can provide any of these LPO specialists. Need an attorney for a short-term project? Need someone to handle the financial end of your office? Don’t try to do everything yourself, because that will only lead to frustration.
Time is a finite resource, and by outsourcing routine tasks to a legal service provider, lawyers can find more availability.