Peak Outsourcing
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Legal services are built on efficiency, accuracy, and strict legal deadlines. Law firms and attorneys rely on paralegal support to help them maintain efficiency, stay on task, and serve their client’s best interests. Paralegals are the backbone of any successful law firm, so why are more and more firms turning to outsourced paralegal support to help them manage their caseloads?
While in-house paralegals have been the industry standard, more firms are open to exploring the benefits of outsourcing specific legal work and tasks to qualified third parties. Many practices find that outsourced paralegal support provides more than cost-saving benefits. It is turning them into more productive firms that can better serve clients.
In a law firm, paralegals perform valuable legal services and support under the supervision of an attorney. From organizing and maintaining case files to managing deadlines and preparing for hearings and trials, at some point, an individual’s case will be in the hands of a paralegal. Paralegals also manage client communication, conduct legal research, and file vital documents.
Some of the most common duties that paralegals perform for a law firm include:
These legal professionals ensure a case stays on track and tasks are completed accurately and efficiently. Although they have significant legal knowledge, they are not attorneys. There are no specific or strict educational requirements to enter the paralegal field. However, most firms look for individuals with a college education, legal experience, or completion of a paralegal-specific program, which means they can complete tasks under the supervision of a lawyer without overextending a law firm’s overall budget. That doesn’t mean that paralegals come cheap. An experienced paralegal comes with a price, so more law firms are open to outsourcing paralegal support.
Outsourced paralegal services are also called legal process outsourcing (LPO) in the industry. They involve hiring a freelancer or third-party provider to manage various legal tasks supporting a law firm. Generally, an attorney would assign these tasks to an in-house paralegal. However, outsourcing some of these tasks can provide a law firm with specific benefits that can enhance a firm’s legal services and better support client outcomes.
The best part about outsourcing paralegal services is that these virtual professionals can provide the same level of support and complete the same general tasks as an in-house paralegal. From legal research to fact-gathering and preparing legal documents, an outsourced paralegal specialist can perform all the necessary duties while saving you time and money.
How do outsourced paralegal services save law firms money? One of the most practical benefits of outsourcing paralegal services is the cost savings. Outsourcing this work can offer a law firm cost reduction benefits, reducing legal operational costs. Full-time paralegals can be expensive when salary, benefits, and office space are factored in. Outsourcing work saves firms money while still leveraging the experience and value paralegal services provide. It can also boost operational efficiency because delegating tasks to a third party allows an experienced attorney to focus on high-value responsibilities such as legal strategy and negotiations.
The secondary benefit to improving operation efficiency through outsourcing paralegal services is that it helps an attorney improve productivity. By delegating smaller legal tasks to a competent outsourcing service, the lawyer can prioritize their core mission and leverage their extensive legal experience to benefit their clients.
Another benefit of outsourcing paralegal services is increasing your firm’s flexibility and reducing costs. A firm can experience ebbs and flows in its caseload. Outsourcing means you have more control and flexibility over the services you need and when you need them. You can ramp up your outsourcing when caseloads are high and scale back services when you don’t need them. A law firm can more efficiently handle fluctuations in workload, which, again, saves money.
Outsourcing paralegal services can also give a law firm access to paralegals with unique industry experience or insight. The law is complex and nuanced. A car accident case is very different from a medical malpractice case. Outsourcing can help you find paralegals with specific expertise in certain areas of law. Not only are you getting specialized help in the area you need most, but you are also reducing your costs because you don’t have to hire an in-house paralegal with specific experience that you may not be able to utilize year-round.
The cost compression of in-house paralegals versus outsourced paralegals shows that, depending on experience and education, in-house paralegals can cost a law firm $36,000 to $85,000 USD. Outsourcing is much more cost-effective and less expensive and still delivers exceptional results.
At PEAK Outsourcing, we understand that precision, accuracy, and dependability are essential to you and your law firm. We specialize in legal process outsourcing by strategically building paralegal teams with extensive experience that aligns with your needs and goals. Our team understands that you are looking for top talent, and we deliver by recruiting individuals with the qualifications and skills you are looking for.
Unlike other agencies, we never take a cookie-cutter approach to delegating paralegal support services. We understand that different industries and legal situations require specific expertise, so we tailor our teams to match your industry-specific needs, giving you support personalized to the intricacies of your field. You can rely on a knowledgeable and capable paralegal to help your firm achieve your goals and move your business forward.
At PEAK Outsourcing, we understand the sensitive nature of the legal industry, client privacy, and confidentiality. We aim to deliver reliable, efficient, and professional specialists who can transform your firm and contribute to its success.
For paralegal outsourcing pricing, contact PEAK Outsourcing today. Let’s discuss your specific needs and find outsourcing strategies that work for your law firm and can help support your success.
Your company may benefit from outsourcing certain functionality that you currently perform in-house. The resulting benefits can transform the way you do business and provide a greater focus on your core business functions.
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