The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The West Coast firm has made huge savings by basing a global operations centre in West Virginia, which provides all accounting, finance, technology, payroll and benefit administration services to Orrick's offices around the globe.
Orrick chairman Ralph Baxter told The Lawyer: "We're going to go into the outsourcing business. We're going to start offering our services to other law firms. It's a gigantic untapped market."
Orrick is going to create a separate company and launch within a year. The firm is currently deciding on the organisation's structure and how to finance the operation. Possibilities are to go into partnership with a professional services company such as Capgemini or EDS, or to go into partnership with another law firm to establish some neutrality.
"The truth is that the global 100 are competing with each other, but most lawyers aren't in those firms. There's a whole universe of lawyers who are spending inordinate amounts of money doing their own finances and supporting their technology and we can do it for a fraction of the cost," said Baxter.
Baxter believes that Orrick's advantage over specialist service providers is the firm's market-specific knowledge and the fact that it has already proved the model by doing it for itself.