"Best-in-class" legal departments are exploring the feasibility of outsourcing and offshoring routine legal services - often know as LPO (Legal Process Outsourcing). Separating the hype from reality can be challenging.
LPO - LEGAL PROCESS OUTSOURCING ASSESSMENT
Many leading legal departments are exploring the feasibility and practicality of outsourcing and offshoring routine legal services. Some departments have moved towards LPO (Legal Process Outsourcing), only to pull business back into domestic firms, others have capitalized on an opportunity for significant cost savings on routine, repeatable legal tasks while better leveraging in-house expertise. LPO is still an emerging and dynamic area, and for some legal departments, worthy of consideration.
In order to capitalize on this efficiency and savings opportunity, some legal departments desire an outside validation of the initial assessment, including modelling "the business case", as well as assistance in the development and implementation (including effective vendor management) of the transition plan.
A primary goal of a successful legal process outsourcing initiative is to capture significant cost savings for the corporation. Typically, this involves evaluating leading providers, designing a transition plan, and developing and implementing vendor management tools. A dedicated focus on LPO (supported by dedicated consulting resources) can accelerate this process, rounding out the opportunity assessment and moving to a structured sourcing approach designed to achieve cost savings in the short and long term.
LPO - LEGAL PROCESS OUTSOURCING: SoLutions and Savings
Argopoint can provide significant implementation support and assistance in the following areas:
- Performing and validating initial LPO research (e.g., compare “make vs. buy” options, conducting due diligence on providers, exploring additional service areas)
- Providing project management/facilitation support for legal process outsourcing initiative(s)
- Developing (and customizing) vendor management tools and structured transition plan, including:
- Completed LPO opportunity assessment and recommendations
- Initial cost savings potential analysis
- Business requirements/provider selection criteria (e.g., legal research and e-discovery
- Formal quantitative and qualitative “scoring methodology” (e.g., how legal process outsourcing providers are evaluated using selection criteria
- Request for Proposals (RFPs) customized for legal process outsourcing
- Scorecards (summarizing evaluations)
- Robust “make vs. buy” financial analysis
- “Evaluation Workshops” design and facilitation, as desired
- Recommendation of preferred provider
- Transition plan
- Legal process outsourcing vendor management system