Legal Week reports Travers Smith is planning to shortlist organizations to outsource its legal work. The firm is restructuring based on growing demands of the clients..Legal Week reports Travers Smith is planning to shortlist organizations to outsource its legal work. The firm is restructuring based on growing demands of the clients..Travers will assess its options and will finalise list of three organizations it will use for outsourcing work. The list could comprise three legal process outsourcers (LPOs), three regional firms, or a combination of the two..This is the right opportunity for Indian LPOs to approach Travers and send their profile and proposals for consideration..Senior partner Chris Carroll said, “In anticipation of potential client demand, it is sensible to get to the position where we have a vetted list of people to whom we can outsource, if required. To date we have experienced very little client demand, but we need to be prepared if the market points us down that road”..The organisations selected will be used primarily for due diligence work on corporate transactional matters..The firm had previously considered outsourcing legal work in late 2009, and visited India with a view to setting up a relationship with an LPO, although this was later abandoned..The Lawyer reported in 2010, Travers Smith had taken a step towards outsourcing some commoditised elements of its M&A work. The move came after Travers concluded a deal with Bupa that saw another firm take on data room and disclosure work at the client’s request. In an effort to cut costs, due diligence and disclosure work was undertaken by Staffordshire firm Ansons, with corporate partner Jasbinder Singh leading.
Legal Week reports Travers Smith is planning to shortlist organizations to outsource its legal work. The firm is restructuring based on growing demands of the clients..Legal Week reports Travers Smith is planning to shortlist organizations to outsource its legal work. The firm is restructuring based on growing demands of the clients..Travers will assess its options and will finalise list of three organizations it will use for outsourcing work. The list could comprise three legal process outsourcers (LPOs), three regional firms, or a combination of the two..This is the right opportunity for Indian LPOs to approach Travers and send their profile and proposals for consideration..Senior partner Chris Carroll said, “In anticipation of potential client demand, it is sensible to get to the position where we have a vetted list of people to whom we can outsource, if required. To date we have experienced very little client demand, but we need to be prepared if the market points us down that road”..The organisations selected will be used primarily for due diligence work on corporate transactional matters..The firm had previously considered outsourcing legal work in late 2009, and visited India with a view to setting up a relationship with an LPO, although this was later abandoned..The Lawyer reported in 2010, Travers Smith had taken a step towards outsourcing some commoditised elements of its M&A work. The move came after Travers concluded a deal with Bupa that saw another firm take on data room and disclosure work at the client’s request. In an effort to cut costs, due diligence and disclosure work was undertaken by Staffordshire firm Ansons, with corporate partner Jasbinder Singh leading.