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Eight More U.K. Top 30 Firms Size Up Legal Outsourcing Moves
Legal Week
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Some of London's leading law firms are considering outsourcing legal work as increasing numbers of firms look to cut costs by using external providers. Linklaters, SJ Berwin, Freshfields Bruckhaus Deringer and CMS Cameron McKenna are among the eight. Camerons and SJ Berwin have yet to identify which areas they would like to outsource, while Linklaters is considering sending some document review, due diligence, contract development and legal research functions to an outside provider.
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The 2009 Global 100
The American Lawyer's 2009 Global 100 rankings, compiled in conjunction with London's Legal Week, provide a glimpse of the far-reaching impact of the financial meltdown on the world's largest firms. In many cases the effect is profound: Clifford Chance's profits per partner, for example, fell by 41 percent, while Latham & Watkins' dropped by 20.5 percent. Such results are a far cry from the steep upward trajectory that global firms have long enjoyed.
