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London Boroughs Legal Alliance grows from cuts

@Steve 3:03 - ''...develop and promote innovative solutions to what essentially amount to commercial problems (outsourcing, asset backed vehicles etc.), using external advisers is actually very cost efficient, as they are able to straddle both worlds effectively.'' I am no public lawyer but what a load of dross. Lawyers do not 'promote innovative solutions' - that is PR window dressing to justify the price tag. I think you will find they give legal advice. Outsourcing and ABV's are not innovative solutions - any business A-level student with half a brain cell know what they are. That comment is exactly why firms should stay in-house as much as possible. Make up jargon to make up work why don’t you? External advisers are not cost efficient, they clock up by the hour giving the exact same 'innovative' advice that any firm would give you but in doing so get a trainee or an associate to do the work, then another associate to do the same work again and then get a partner to check it all......And maybe get another trainee to do some schedules, indexes and a bible. So by the hour and by time spent, in-house is always cheaper.

25-Oct-2010

10:01 pm