Linklaters calls on Integreon to back new low-cost service
Linklaters is to expand its use of paralegals and pilot moving volume legal work outside London as part of a bid to build a lower-cost alternative for clients. The move will see the City giant handle legal work in the Colchester office it currently uses for business support for the first time and will be backed with a deal with outsourcing firm Integreon to supply paralegals to support the venture. The plans form part of a new initiative dubbed Linklaters' Legal Services Centre (LSC), which will see the magic circle law firm ramp up its paralegal numbers to around 80 across the UK and Germany, up to 30 of which could be based in Colchester for additional cost savings. Linklaters will also continue to employ additional paralegal teams in New York and Brussels.
October 12, 2011 at 07:03 PM
3 minute read
Links expands paralegal team and pilots moving work out of City
Linklaters is to expand its use of paralegals and pilot moving volume legal work outside London as part of a bid to build a lower-cost alternative for clients.
The move will see the City giant handle legal work in the Colchester office it currently uses for business support for the first time, and will be backed with a deal with outsourcing firm Integreon to supply paralegals to support the venture.
The plans form part of a new initiative, dubbed Linklaters' Legal Services Centre (LSC), which will see the magic circle law firm ramp up its paralegal numbers to around 80 across the UK and Germany, up to 30 of which could be based in Colchester for additional cost savings. Linklaters will also continue to employ additional paralegal teams in New York and Brussels.
Around half of the paralegals involved in the LSC could come from Integreon, which is already providing Linklaters with seven paralegals in its London banking practice.
The firm is due to start a pilot in Colchester in the coming weeks that will see a team of around six paralegals working on document review, due diligence and other transactional support for major clients. They will be supervised by project managers based in the practices expected to make most use of the service in the early stages – litigation, antitrust and finance.
The venture is intended to cut costs both for Linklaters and its clients. In addition to the savings created by increasing the use of paralegals and basing legal work in Colchester rather than just in London, the deal with Integreon also offers Linklaters more flexibility than employing all of the paralegals on a permanent basis.
The LSC will also be able to procure contract lawyers both for the firm and clients in New York, London and Europe on specific deals and projects.
Linklaters global head of legal sourcing Brian Henderson commented: "The motivation for the move is not only to cut costs, but also to free up time for younger lawyers and to create more flexibility within the teams. The new arrangements allow us to offer clients a tailored and cost-efficient service."
Linklaters senior partner Robert Elliott added: "Linklaters has an excellent paralegal team and we see Colchester as a logical extension of our capabilities."
For more on Linklaters, see A looser grip? – a new style beckons at Linklaters.
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