Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Accounting and Financial Planning for Law FirmsKickerFeaturesSectionsNewsLJN Newsletters

Outsourcing: The Next Generation

By Lisa R. Smith

Outsourcing is top of the news in many industries, and the legal industry is no exception. Recent news reports and editorials comment exhaustively on many aspects of outsourcing, and for any of those aspects you can find someone who will opine convincingly at either end of the spectrum. Either it's good for the U.S. economy or it takes away jobs. The quality provided in places like India is superior, or companies like Dell are pulling back. The U.S. will lose its edge in software development, or it will focus only on the higher-end intellectual work. All that being said, employers need to consider that baby boomers are retiring and the size of the U.S. workforce is going to be increasingly below demand through 2020 ' at which point the gap is projected to be 24 million jobs, including 14 million white collar jobs. At some point, outsourcing may become a necessity.

Outsourcing is a term that is used fairly broadly to mean a number of things. We would define outsourcing as the provision of a firm's service by another service provider. This can be done in-house with dedicated staff (like most of the copy operations), it can be done offsite with dedicated staff, or it can be done offsite in a shared service center. Offsite can mean across the street, across the country or across the world. The word that is generally used to describe services provided outside the U.S., often in either India or the Philippines, is offshoring.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The Article 8 Opt In Image

The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.

Major Differences In UK, U.S. Copyright Laws Image

This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.

Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers Image

There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.

Strategy vs. Tactics: Two Sides of a Difficult Coin Image

With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.

Transfer Tax Implications on Real Property Leases Image

The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.