Offshore Outsourcing in Legal Services: DuPont Leads all the Way
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Code :BSM0041
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Region : US
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Outsourcing - The Trends The onset of globalisation has given many opportunities for companies to improve productivity and compete better with others in the industry. One such opportunity is in the form of outsourcing. Outsourcing (or contracting out) is often defined as "the delegation of non-core operations or jobs from internal production within a business to an external entity (such as a subcontractor) that specializes in that operation"... Legal Process Outsourcing (LPO) - DuPont Leads the Way DuPont, the leading chemical and chemical-related products manufacturing company, was launched as an explosives manufacturing unit in the year 1802. Later, the focus of the organisation shifted to chemicals, materials and energy. With a presence inmore than 70 countries, revenues worth $26.6 billion (end of financial year 2005), and an employee base of 60,000, DuPont offers a wide range of innovative products and services in the field of agriculture, nutrition, electronics, communications, safety and protection, home and construction, and transportation and apparel. DuPont pioneered the importance of legal outsourcing and took initiatives that benefited the company aswell as gave a new dimension to the legal outsourcing business... LPO - The Future Today's law firms and in-house legal departments face the challenge of resource constraints that impact their day-to-day activities. Firms and in-house legal departments are increasingly searching for ways to simultaneously decrease costs and increase resource availability. It is in this scenario that Legal Process Outsourcing (LPO) is gaining momentum at locations across the world where there are qualified resources to handle and take the business model further. This scalable and cost-effective support platform could be utilised on a global scale 24/7, leveraging on the experience and best practices of the respective LPO firms... |
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