Captive LPOs: The Right Type of Subsidiary for Your Law Firm?
A wholly owned Captive LPO will be more closely tied to the strategy and culture of the parent law firm, but it's not the only model that can address the goals and provide the benefits of a having a law firm subsidiary.
September 23, 2020 at 07:00 AM
6 minute read
Law firms, in response to the more-for-less value challenge posed by buyers of legal services, are exploring different organization models. The win-win goal is to provide services of equal or better quality to clients at a lower cost while at least defending, if not improving, law firm revenue and profit. Models range from network affiliations and combinations with law and other professional service firms to unbundling and re-bundling of services through multidisciplinary platforms, and everything in between.
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