Outsource Magazine Issue 34 - (Page 94)
LEGAL VIEW
HOW OUTSOURCING
CAN CHANGE THE
LEGAL PROFESSION
The UK legal sector is experiencing tumultuous times - and at present
many firms just aren't equipped to survive. So what's the solution?
Viv Williams, 360 Legal Group
Viv Williams is CEO of 360 Legal Group and an M&A specialist within the legal sector. He is a regular
speaker and columnist, and is also the chairman of OchreSoft Technologies
T
he perfect storm which has
turned into a tornado for many
law firms is leaving the 11,000
practices having to decide
what the future holds for them.
Can a traditional practice survive all these
pressures? The answer is most definitely
yes if a law firm can change their structure
and approach managing their practice with
more corporate governance. Outsourcing
will become an essential part of this
❛WHY WOULD YOU
EMPLOY ADDITIONAL
STAFF AND INCREASE
YOUR OVERHEADS
WHEN MAINTAINING
THE SERVICES
YOU OFFER? ...
THE CONSOLIDATORS
ARE HOVERING
❜
strategy with many firms adapting towards
a more flexible approach towards their
people and services.
We now have over 27 per cent of the
profession incorporated as limited liability
companies which has a dramatic impact
on taxation but more importantly creates a
succession and exit strategy for the existing
partners. It also creates a suitable vehicle
for potential external investment where
many firms will need to consider their best
"You must obey the law, always, not only when they grab you by your special place." - Vladimir Putin
94
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Table of Contents for the Digital Edition of Outsource Magazine Issue 34
Challenges and Champions
Outsourcing in a Troubled Economic Environment
Richard Jones
High Stakes
In Transition
The Bigger Picture
Numbers, Numbers Everywhere...
NOA Round-Up
Struggling To Get Through?
International Commercial Disputes In Outsourcing Agreements
Is Infrastructure Necessary?
Global Freelance Platforms Grow Up
Trumping Price – Only with Best value
Kerry Hallard
Technology Investment in 2014
Water Will Always Find A Way
The Right Time Is Now
You, Robot?
The Legal View
Top Ten
NelsonHall Round-Up
Online Round-Up
The Deal Doctor
Inside Source
The Last Word
Outsource Magazine Issue 34
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