Here's a story. In the depths of the early 1990s, as the country pulled itself out of recession, a group of thrusting regional practices hit on the idea of pushing into London. The model seemed simple: use lower cost-bases to take work off City rivals. The economics were clear and many clients at the time were handing regional firms property and employment work that once went to London firms. What could go wrong?
October 28, 2009 at 06:34 AM
1 minute read
The original version of this story was published on Legalweek
Why don’t regional law firms run LPOs?
Here’s a story. In the depths of the early 1990s, as the country pulled itself out of recession, a group of thrusting regional practices hit on the idea of pushing into London. The model seemed simple: use lower cost-bases to take work off City rivals. The economics were clear and many clients at the time were handing regional firms property and employment work that once went to London firms. What could go wrong?
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