Wednesday, 19 October 2016

What do Legal Support Services do?

Law firms are facing intense competition from their rivals and are looking for innovative solutions to maintain their profitability. In the last few years, third party legal support services have become extremely popular. These services not only ease the burden of the attorneys working in law firms but also help them in concentrating on the core activities and enhancing profitability.

The legal process outsourcing companies help the legal firms in handling the external matters like regulatory compliance concerns, industrial disputes, corporate structuring etc., and enable them to concentrate on the strategic business issues. These organizations also study the working methodology of the law firms and find out measures which can help in cost cutting and optimization of revenue.


The various services offered by legal process outsourcing companies are:

Legal research services- These services include litigation and non-litigation research, statutory research, multi-jurisdictional surveys, case law research, foreign law research, regulatory law research, jury verdict and settlement research, second opinions etc.

Legal writing services- It involves preparing motions, appellate briefs, trial briefs, legal memoranda, complaints, pleadings, discovery requests, and responses, reviewing legal documents, preparing arbitration letters etc.

Contract management and review- These involve assisting with drafting standard contracts, creating and managing databases and repositories, contract reviewing as per standard position and map deviations, analyzing contracts for specific compliance or other requirements etc. 

E-discovery and document review- These services are meant for reviewing documents and identifying their usefulness for the case.  

Document coding- Identification of privileged documents which can be held up for production, deposition preparation and their maintenance in folders.

Litigation support services- It involves document management, document review, e-discovery, deposition summaries and analysis, case summaries, drafting motions, proofreading etc.

Paralegal services- E-discovery and document review, legal coding, title search, legal data entry, deposition summary, medical summary, legal billing, contract abstraction or extraction, settlement demand letters, legal editorial, and publishing etc.

Accounting services- Law firms accounting involves bookkeeping services, accounts payable, accounts receivable, bank account reconciliation, financial reporting, tax preparation, payroll processing etc.

RelatedWhy Legal Process Outsourcing An Emerging Need Of Law Firms?

The various benefits of hiring legal outsourcing services are:

Better management of time- By outsourcing the less significant tasks, a law firm can concentrate completely on the more important tasks and optimize their efficiency.  
  
Helpful in situations of overload- Well established law firms are mostly overloaded with work. In order to avoid mistakes being made due to haste, outsourcing is a good option.  
   
Helps in cost cutting- As the outsourcing firms are generally based in developing nations like India, the costs of hiring them are much less than hiring junior attorneys. Moreover, outsourcing firms have also gained a reputation for offering excellent services, so the quality will also not be compromised.

The above-mentioned information can make a law firm consider legal outsourcing services.   

RelatedLaw Firm Management Services Key to Boost Profitability

Cogneesol has emerged as a successful provider of law firm outsourcing services to law firms from all over the world. These services can help the law firms in maximizing their potential and sustaining their profitability. To get more information, contact us at info@cogneesol.com or call us at +16466882821.                         

No comments:

Post a Comment