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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
