Law firms are aiming to save money through offshoring and flexi-working. Alex Aldridge tests client reaction
During the past few months, many law firms have announced a raft of cost-saving measures, with hardly a day going by without news of job cuts, pay freezes or trainee deferrals. But increasingly the focus is turning to the long term – and with it the challenge of adapting to a harsher new economic reality. Last month, Simmons & Simmons announced a proposal to use external lawyers in jurisdictions such as India and South Africa for certain litigation-related and corporate due diligence tasks – following similar moves by Clifford Chance, Lovells and Eversheds. It is a trend that some expect to continue.
