About Bruce
Search this site:


Subscribe to E-Mail Updates
About the SiteAbout Adam Smith Adam Smith, Esq. Newsletter Adam Smith, Esq. Newsletter

June 5, 2004

Giving New Meaning to 24/7

I for one am surprised this hasn't happened sooner, but outsourcing administrative and staff functions—if not yet paralegal and even attorney functions—just got a high-visibility boost from the entry of Hildebrandt consulting into the sector.  They'll be partnering with OfficeTiger, a firm with 1,600 staffers primarily in Chennai, India, that has already signed up firms the likes of Allen & Overy and Milbank.  As I said, so far it's staff only, but Mindcrest, another India-based firm founded by a former McGuire-Woods partner, also is gaining traction in the outsourcing sector by providing U.S.-trained Indian lawyers at rates one-fifth to one-half that of their domestic U.S. counterparts.

But will lawyers really suffer the perceived loss of control?

Dennis D'Alessandro, executive director of Dewey-Ballantine, says it's premature as far as his firm is concerned.  So could it happen down the road?  Pithily, he admits that more and more firms might try it, and once that happens, "It's a herd mentality."

Personally, I think the high-end law firms will hold out longer than the outsourcing evangelists predict.  I say this with great fondness, but in candid recognition of the combination of pride, culture, control, and plain old experience—law firms have been late adopters of almost every technological, economic, and managerial innovation, so why should outsourcing be different?

Instead, I predict the steep adoption curve will be elsewhere:  In sophisticated in-house departments.

Published by Bruce at June 5, 2004 4:55 PM | TrackBack
Published to Cultural Considerations | Finance | Globalization | IT

Comments
Email this entry to:


Your email address:


Message (optional):


Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?


Law Firm Finance 101 Seminar

People Are Talking

"Adam Smith, Esq. is, and will remain, the definitive voice on law firm strategy."
David Jabbari, Global Head of Know-How, Allen & Overy

"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm

“Constantly stunning.’—Managing Partner

"I read three things:  The Wall Street Journal, The Economist, and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm

“You have a fascinating niche which you cover ever so much better than does the conventional legal press.”
—Walter Olson of Overlawyered

“Required reading: Amazing.”—Venture Capitalist

"You're the brand name in law firm economics. There is no one out there—repeat, no one—who covers this business better, or thinks about it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm

Links: law
Links: corporate law
10b-5 Daily
Business Pundit
CorporateCounsel.Net Blog
Conglomerate

links: economics
Atlantic Blog
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
Links: tech & culture

"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.

Creative Commons License
This weblog is licensed under a Creative Commons License.