Cost-cutters who appreciated CFO magazine's October article "Lawyers for Less" might also take note of a related but largely unnoticed trend. In 2003, about 6,000 legal-service jobs were shipped offshore, according to a report by Forrester Research. This year that number should reach 20,000 according to Forrester, which predicts that offshore legal jobs will climb to 39,000 by the year 2010.
For years, many law firms outsourced word processing to India, says Sumeet Nath, vice president of operations at Lawwave.com, a unit of Openwave Computing LLC, which has offices in New York and Chennai. Sending litigation and contract-support work abroad was simply the next step, Nath explains. Perhaps a year ago, corporate legal departments discovered that they, too, could save money and take advantage of the overnight hours by offshoring legal tasks.
Marie Leone, CFO.com
October 07, 2005
http://www.cfo.com/article.cfm/5010177?f=home_featured
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment