Analysis of the impact of COVID-19 has revealed a notable trend among companies with substantial in-house legal teams. These organisations are increasingly opting to retain legal work internally rather than outsourcing it to external law firms, thereby realising significant cost savings.
According to a report by the Law Gazette (Big Businesses Could Outsource Less Work to External Firms), this strategic shift has been driven by the economic challenges posed by the pandemic. Companies are prioritising efficiency and cost-effectiveness by leveraging their in-house capabilities to handle legal matters.
Several prominent businesses have embraced this approach to managing legal work internally. For instance, global corporations like Shell and Unilever have streamlined their legal operations by expanding their in-house teams and reducing reliance on external legal services. This strategy not only enhances operational control but also optimises budget allocations by minimising external legal expenditures.
In the UK legal landscape, firms such as Clifford Chance and Allen & Overy Shearman have reported adjustments to their service models in response to client preferences for in-house collaboration. These firms have adapted by offering specialised advisory services and legal technology solutions that complement the capabilities of corporate legal departments.
For law firms across the UK, adapting to the evolving preferences of corporate clients has become imperative. Firms are increasingly focusing on enhancing their value propositions through innovative service delivery models and strategic partnerships with in-house legal teams. This collaborative approach ensures that legal services are aligned with client objectives while maintaining cost efficiency and operational flexibility.
At Taborns, we recognise the shifting dynamics in corporate legal strategies and are committed to supporting clients through these transitions. Our comprehensive legal solutions are designed to complement in-house capabilities, providing strategic advice and specialised expertise when needed. By staying ahead of industry trends and fostering collaborative partnerships, we empower businesses to achieve their legal objectives effectively and efficiently.