Dealing with high volumes of business-as-usual litigation while providing strategic oversight, is a challenge for busy in-house legal teams in the financial services sector.
The task is also not getting any easier. Caseloads are growing triggered by increased regulatory scrutiny and greater public awareness of financial issues following well-publicised issues such as Libor and Forex. Claims management companies also continue to expand their range of claims-handling activities.
To help manage workflows, some businesses outsource this type of work, or elements of it, to private practice. There are clear advantages. It can free in-house teams to focus on strategic matters. A focused external legal support with a structured and consistent approach can also bring critical additional benefits, including:
We've put together a short paper looking at outsourcing litigation work, or elements of it, to private practice. If you'd like a copy, please contact Helen Woodhouse on +44 (0)333 006 0808 or helen.woodhouse@TLTsolicitors.com
This publication is intended for general guidance and represents our understanding of the relevant law and practice as at October 2015. Specific advice should be sought for specific cases. For more information see our terms & conditions on www.TLTsolicitors.com