A law firm has splashed out £583m on a 10-year agreement to outsource its middle office services.
CMS Cameron McKenna’s decision to outsource its middle office services is part of an ambitious strategy to establish a new business model for law firms. The firm argues that the unprecedented scale of the deal will make the legal industry stand up and take notice.
The law firm will outsource non-billable tasks, such as reports, letters, research and technology functions, to business solutions provider Integreon’s team in India.
It is outsourcing substantial portions of its IT, accounting and finance, human resources, marketing, research and development, library and information services, facilities and other services to Integreon.
This will leave CMS Cameron McKenna to focus on its core competency – providing high-end legal and tax services. However, the law firm confirmed that it will be making staff changes across the board, but detail regarding the number of staff cuts were not divulged.
Legal industry expert professor Richard Susskind regards the move as “a hugely significant development that sets the pace for the global legal market”.
“The scale and ambition of the arrangement is remarkable, and the business case is compellingly strong – by outsourcing many of its non-core activities to Integreon, CMS Cameron McKenna should achieve major cost savings and free itself to focus more strategically on its clients and services,” he said.
Have your say on this article
Newsletters
Latest stories from Services and Outsourcing
Latest videos
You may also like
Services and Outsourcing jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?