Firms Look To 'In-Sourcing' To Slash Costs
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Law360, New York (April 28, 2010) -- In an effort to cut expenses, WilmerHale has decided to "in-source" its business operations to Dayton, Ohio. But other law firms could also benefit from relocating support staff and even attorneys to less costly locales beyond the urban hubs, experts said.
The new facilities, which are slotted to open in September, will house the majority of the firm's finance, human resources, information technology, document review and practice management operations, which are currently spread out between its Boston, New York and Washington offices, the firm said Monday.
Those metropolitan areas come with higher price tags for rent, taxes and employee salaries. Given the economic beating the industry has taken in recent years, and the availability of sophisticated technology, it may finally be time for law firms to move their business operations — and even some legal work — to low-cost locales throughout the U.S.
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"Firms Look To 'In-Sourcing' To Slash Costs"
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