Outsourcing helping to reshape Big Law
Outsourcing gaining standing in legal profession
Alternative suppliers of sophisticated legal services becoming more attractive as corporate legal departments look to cut costs
Two recent mergers in the legal industry speak volumes about the forces reshaping the business of law at its highest levels. What’s also notable is that neither deal involved large law firms.
Thomson Reuters, a media and information-services company, acquired Pangea3, a legal-process outsourcing firm with most of its lawyers in India, in November. A month earlier, Axiom Global Inc., which provides lawyers-for-hire to big corporations, bought another legal staffing company, Chicago-based LawyerLink LLC.