Outsourcing is a business model that has shown its worth especially during the coronavirus pandemic, especially in conveyancing firms/departments where good quality work has been delivered by outsourced companies.
This article aims to dispel some of the myths surrounding outsourcing and why in today’s climate, where conveyancing is such an aggressive market to profit from, having an outsourced partner is very much an appreciated resource to have.
In the last decade there has been a significant shift in the formation and business structure of conveyancing firms as they quite rightly look at themselves as businesses first and foremost rather than just a law firm, which some may say was the mindset some decades ago. With this change a more aggressive legal industry has been created especially in the world of conveyancing. Needless to say, technology has played a massive role in this new formed vigour, but one should not overlook that a more subtle player comes in the form of the outsourced business model.
On the 29th November 2019, The Law Society published guidance on outsourcing, once thought uncommon in the legal field warped with all sorts of risks, is now described by The Law Society as an increasingly common aspect of legal service delivery. This article focuses on the challenges of outsourcing such as confidentiality, management, and risk. CLICK HERE TO READ MORE ABOUT OUTSOURCING.
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