Law firm partners are learning as they go this year, especially on how to dramatically cut costs. One method: layoffs tied to outsourcing and streamlining jobs. The move — shifting jobs to a central location or to a third party — has sharply accelerated in 2020, as law firm leaders are taking advantage of pandemic circumstances to dramatically reduce overhead and keep profit margins steady.
For instance, Thompson & Knight, partnering with outsourcing company Williams Lea, has opened an administrative center in Columbus, Ohio. Winston & Strawn has created a new center for professional support services.
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