Here is the round-up of several of this week’s vendor announcements. These announcements reflect a number of the trends anticipated by Fronterion in the Ten for 2010 trending release in December 2009.
CPA
CPA Global announced a 47% equity management buy-out by the London-based Intermediate Capital Group. The deal was led by DLA Piper and was priced out at $709 million for the near majority stake.
It will be interesting how the buyout will affect the management and direction of CPA Global. Results are yet to be seen. At the very least, it does appear to be a good indicator in regard to the unfreezing of global capital markets.
As predicted in Ten for 2010, Fronterion noted that, “As capital markets improve in 2010, these larger players will access outside capital investment to drive further growth and acquisitions.”
Integreon
A joint announcement revealed Integreon will be one of the vendors involved in an innovative e-discovery initiative by International law firm Pillsbury Winthrop Shaw Pittman. The offering known as PEARL (Pillsbury’s E-Discovery Alliance of Resource Leaders) is an alliance of undetermined formality to link together an end-to-end e-discovery solution for Pillsbury clients.
In addition to Integreon, other vendors in the alliance include ACT Litigation Services, Discovery Services, Protiviti and TransPerfect Legal Solutions.
This is a major step forward to have an American Global 100 law firm publically announce they are outsourcing significant aspects of their legal services. We can be fairly certain that this will not be the last.
Another interesting component of the alliance is it’s pricing structure. It is one of the first formal offering of an e-discovery solution by a law firm with per gigabyte pricing.
This also reflects trending predicted by Fronterion, “As organizations continue to publicly broadcast their outsourcing initiatives and leverage their outsourcing engagements as a competitive differentiator, vendors who are part of high-profile deals will be in a position to build substantial brand awareness.”
Showing posts with label Ten For 2010 Trending. Show all posts
Showing posts with label Ten For 2010 Trending. Show all posts
Monday, February 1, 2010
Tuesday, January 19, 2010
Legal process outsourcing facing a ‘watershed’ year
Fronterion’s trending release Ten For 2010 gained further recognition this week in a piece in the Law Society Gazette, Legal process outsourcing facing a ‘watershed’ year. While India remains the unequivocal leader in outsourced legal services industry, the article notes the growing interest in South Africa, particularly by firms in the UK.
Monday, December 14, 2009
Ten For 2010: Trending Projections Recognition by the American Bar Association
The Ten For 2010: Top Ten Trends in Legal Outsourcing released last week was recently picked up by the ABA Journal and was one of the top 10 most read articles for the week.
What seems to have caught the interest of many US legal professionals is the idea of the increasingly attractive career path for outsourced legal services. Global-minded and entrepreneurial legal professionals are finding the legal outsourcing sector an attractive alternative to the big law lifestyle. This is not a major portion of the legal workforce, but it is an emerging demographic that we see growing further in the coming year.
An interesting dialogue was also started on the message board below the article. While we do not find that all issues raised in the discussion are of merit, they are still issues and opinions that need to be addressed when engaging in outsourced legal solutions. Some posts to check out include: 21, 22, 27, 36 and 37.
What seems to have caught the interest of many US legal professionals is the idea of the increasingly attractive career path for outsourced legal services. Global-minded and entrepreneurial legal professionals are finding the legal outsourcing sector an attractive alternative to the big law lifestyle. This is not a major portion of the legal workforce, but it is an emerging demographic that we see growing further in the coming year.
An interesting dialogue was also started on the message board below the article. While we do not find that all issues raised in the discussion are of merit, they are still issues and opinions that need to be addressed when engaging in outsourced legal solutions. Some posts to check out include: 21, 22, 27, 36 and 37.
Thursday, December 10, 2009
New Year, New Trends: Fronterion Ten for 2010
Since the new year is nearly upon us, we are proud to announce the release of Ten For 2010: Top Ten Trends in Legal Outsourcing – an insider’s perspective of changing industry dynamics for the coming year.
The Ten For 2010 trends report highlights a number of changes set to occur in the industry this year. The most notable of these include:
+ India will remain the dominant destination for outsourced legal services, but increasing interest in South Africa will make it India’s leading competitor for legal outsourcing in 2010.
+ The rise of LPO as an attractive alternative career path for legal professionals as pay and prestige increase.
+ Increased transparency around the LPO industry including the possibility of additional ethical guidance from industry bodies such as the American Bar Association.
+ A shift in the role of the lawyer from providing pure legal advice to managing the procuring of a number of different legal functions both within and outside the traditional law firm structure.
As noted in the release, we feel, “The year 2010 will be an exciting and watershed year for outsourced legal services. The economic volatility over the past year has caused legal professionals to step back and genuinely assess how they are providing and procuring legal services for their organizations. In 2010, legal outsourcing will be an increasingly important factor in these decisions.”
More information is available on our website and at www.fronterion.com/TenFor2010
The Ten For 2010 trends report highlights a number of changes set to occur in the industry this year. The most notable of these include:
+ India will remain the dominant destination for outsourced legal services, but increasing interest in South Africa will make it India’s leading competitor for legal outsourcing in 2010.
+ The rise of LPO as an attractive alternative career path for legal professionals as pay and prestige increase.
+ Increased transparency around the LPO industry including the possibility of additional ethical guidance from industry bodies such as the American Bar Association.
+ A shift in the role of the lawyer from providing pure legal advice to managing the procuring of a number of different legal functions both within and outside the traditional law firm structure.
As noted in the release, we feel, “The year 2010 will be an exciting and watershed year for outsourced legal services. The economic volatility over the past year has caused legal professionals to step back and genuinely assess how they are providing and procuring legal services for their organizations. In 2010, legal outsourcing will be an increasingly important factor in these decisions.”
More information is available on our website and at www.fronterion.com/TenFor2010
Subscribe to:
Posts (Atom)
Posts
