Outsourcing the Corporate Governance Officer (Potential Business Model)
Keywords:LPO (legal process outsourcing), LSO (legal service outsourcing), virtual law firms, Corporate Governance, Corporate Secretary
In the last decades, the legal industry has experienced a global paradigm shift in the delivery model for legal services. This new model, known as legal process outsourcing (LPO), transfers the work of attorneys, paralegals and other legal professionals to external vendors located domestically and overseas. Legal outsourcing (both onshore and offshore) is transforming law practice as law firms and corporate legal departments seek to minimize costs, increase flexibility and expand their in-house capabilities. In this new decade, we have to prepare, with the legal services outsourcing, that we will become more sophisticated, with higher value of legal work, at higher level of quality and speed, and dramatically lower cost. In the Article authors deal with the process of the transformation of legal service into a legal good and point on some dilemmas during that process. This paper argues that outsourcing ultimately will have a positive effect on the legal profession and development of the quality of legal services. In the second part of the paper authors also stress out some information about different possibilities, how to organize virtual law firms for low budget legal services in the Slovenian case and also include some information about the possibility how to organize corporate governance in companies through the corporate secretary as outsourcing, because the corporate secretary is the chief governance officer and provides leadership for the corporation to implement a high level of corporate governance.
Bratina, B. & Jovanovič, D., Podgorelec, P. & Primec, A. (2011) Pravo družb in gospodarsko pogodbeno pravo (Maribor: De Vesta).
Brooks, E. (2011) Legal services outsourcing: don't miss the boat, The Journal of the Law Society of Scotland, available at: http://www.journalonline.co.uk/Magazine/56-4/1009598.aspx (April 19, 2011).
Chamberlin, D. (2013) Sourcing Insight: LPO in Continental Europe (New Zork: Trestle Group).
Chambers, A., Lekahal, C., Nelson, K., Pyun, J. & Wolny, G. (2013) Transformative Change: Outsourcing the Practice of Law, available at: http://www.colorado.edu/law/sites/default/files/TransformativeChange-Outsourcing-2013.pdf (October 29, 2015).
Cooper, L. (2011) Legal Outsourcing – From Scepticism to Mainstream Acceptance, available at: http://www.sourcingfocus.com/site/featurescomments/legal_
outsourcing_from_scepticism_to_mainstream_acceptance (September 12, 2015).
CPA Global (2012) Legal Services Outsourcing: What it is & how it could help your legal practice, available at: http://www.statecapitalgroup.org/meetings/chicago/CPA%20SCG%20-%20Oct%2015%202012%20-%20Chicago.pdf (September 29, 2015).
Deloitte. (2011) The resurgence of corporate legal process outsourcing – Leveraging a new and improved legal support business model, available at: http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/IMOs/Shared%20Services/US_SDT_Resurgence%20of%20Corporate%20Legal%20Process%20Outsourcing_WEB_113011.pdf (August, 30, 2015).
Garicano, L. & Hubbard T. N. (2007) Specialization, Firms & Markets: The Division of Labor Within & Between Law Firms (Evanston, IL: Kellogg School of Management).
Henderson, B. (2012) Predictive Coding is a Disruptive Innovation that will Change How Law is Practiced, available at: http://www.krollontrack.com/publications/PredictiveCoding.pdf (September 11, 2015).
Hodges, J. (2010) Microsoft signs up to new outsourcing deal with Integreon. Legal Week, available at: http://www.legalweek.com/legal-week/news/1600014/microsoft-signs-outsourcing-deal-integreon (August 6, 2016).
Jovanovič, D. (2000) Vloga sekretarja korporacije po ameriškem pravu, Podjetje in delo, 26(3/4), pp. 563-573.
Kamping-Carder, L. (2010) Firms Look To 'In-Sourcing' To Slash Costs. LAW 360, available at: http://www.law360.com/legalindustry/articles/164915 (September 11, 2015).
Kane, S. (2010) 10 Trends Reshaping the Legal Industry, available at: http://legalcareers.about.com/od/careertrends/tp/10-trends-reshaping-the-legal-industry.htm (September 12, 2016).
Kane, S. (2009) Top Advantages of Outsourcing, available at: http://legalcareers.about.com/od/careertrends/tp/Outsourcingadvantages.htm (August 11, 2015).
LeHocky, M. (2009) A Generation of Left-Handed Spitball Throwers: A GC’s Take on the Changing Legal Scene. Argyle Journal, available at: http://www.argylejournal.com/general-counsel/session-transcript-mark-lehocky-senior-vice-president-general-counsel-and-corporate-secretary-ross-stores-inc (September 18, 2015).
Mendelson, J. (2009) Law Firm 2.0 – Re-architecting the Law Firm – Outsourcing. Mendelson’s Musings, available at: http://www.jasonmendelson.com/wp/archives/2009/03/law-firm-20-re-architecting-the-law-firm-outsourcing.php (September 19, 2015).
Naegle, H. (2014) Legal Outsourcing: The New Law Firm Model, available at: http://overflowlegalnetwork.com/legal-outsourcing-new-law-firm-model (September 13, 2015).
Nelson, M. (2013) New changes to Model Rules a wake-up call for technologically challenged lawyers. Inside Counsel, available at: http://www.insidecounsel.com/2013/03/28/new-changes-to-model-rules-a-wake-up-call-for-tech (September 11, 2015).
Passarella, G. (2010) Are Law Firms Morphing Into Managers of Legal Providers? The Legal Intelligencer, available at: http://www.thelegalintelligencer.com/id=1202474270432/Are-Law-Firms-Morphing-Into-Managers-of-Legal-Providers?slreturn=20140918153150 (July 20, 2015).
Purani, S. (2011) ‘LPO’ should stand for Legal ‘Partner’ Outsourcing. LPO Savvy, available at: http://lposavvy.info/index.php?option=com_content&view
=article&id=332:-lpo-should-really-stand-for-legal-partner-outsourcing&catid=1:public&Itemid=32 (July 20, 2015).
Rose, B. (2010) Law, the Investment: Entrepreneurs attract major cash to draw legal services away from law firms. ABA Journal, aavailable at: http://www.abajournal.com/magazine/article/law_the_investment.
Rubin, C. (2012) Big Money for Cheap Legal Services. Inc., available at: http://www.inc.com/courtney-rubin/rocket-lawyer-raises-$11-million.html (August 8, 2015).
Sachdev, A. (2011) Growth of legal outsourcing may herald era of cheaper lawyering, Los Angeles Times, available at: from http://articles.latimes.com/2011/jan/01/business/la-fi-legal-outsourcing-20110101 (August 24, 2015).
Smith, R. (2011) 12 Ways Offshore Legal Outsourcing Could Shake Up the Law World in the New Decade. Law Without Borders, available at: http://lawwithoutborders.typepad.com/legaloutsourcing/2011/01/12-ways-offshore-legal-outsourcing-could-shake-up-the-law-world-in-the-new-decade-.html (September 12, 2015).
Susskind, R. (2013) Tomorrow’s Lawyers: An Introduction to Your Future (Oxford: Oxford University Press).
Wood, L. (2012) Legal Process Outsourcing Market in India 2010-2014, TechNavio, available at: http://www.researchandmarkets.com/research/894dd9/legal_process_outs (September 8, 2015).</span></p>