Legal Procurement: Are your Search, Source & Procure Days Over?
OutSec the UK’s online leading transcription company looks at an innovating way that one firm, Taborns, is looking to address the future of procuring legal services. So has legal service procurement changed? Has your days of search, source and procure over – and how do you ensure you get value?
Business Leading Change
It was the global financial crisis of 2008 that saw businesses demand change to the legal services sector, especially in terms of legal procurement. Businesses wanted to see the sector adopt new strategies to:
- Reduce cost;
- Implement and use technology to improve efficiencies;
- Improve customer service and to receive faster response times; and
- Regulatory changes to open up the legal services market to competition.
The uptake of technology was one which took place with almost immediate effect. However, in time businesses in all sectors wanted a more nuanced approach, and this response to client needs from the legal sector plateaued somewhat in the proceeding years.
As the Covid pandemic has changed businesses’ working practices, with companies being thrown into the deep end, in terms of home working and virtual meetings, firms have also been forced to look at different ways of working in a “new normality”. Therefore businesses are looking at:
- Evaluating outsourcing options, and how those can be used to aid business continuity planning;
- Looking at efficiency and cost savings of internal processes versus outsourcing;
- The role of the traditional office and the need for such space in the “new normality”.
As the second wave of the Covid pandemic hits countries across the globe and the likely financial impact this creates, we look at an innovative way that one firm, Taborns, is looking to address the future of legal services procurement.
Taborns is a legal services firm which recognises that businesses and professional service providers (such as law firms and accountants) require a more affordable way of accessing legal services. We give you access to the best and brightest legal talent and expertise in the UK legal services sector that is right for your business. Taborns will give you access to access to all legally related services that are required in business and professional life.
We know that there needed to be a change to the way legal services are designed and tailored and delivered to you and your firm, whether you are a business or another service provider.
Taborns are dedicated to modernising and reshaping the conventional legal services practice to boost efficiency, productivity, effectiveness and to ensure a joined-up approach across services. Successful businesses in any industry outsource services to other companies who have core service offerings; this is what we seek to do to help businesses grow and operate more efficiently.
For SMEs to Corporate client we will:
- Augment your business by being a bridge between your business and the legal world;
- Seek to reduce your legal spend and;
- Act as an extension and trusted adviser of your business, allowing you the time and resource to do what you do best – grow it.
For the professional service provider-client (such as law firms, accountants, corporate finance and procurement firms) we will:
- Seek to reduce the time to complete legal processes;
- Increase the quality and scope of client services you provide;
- Decrease the time, and so the related spend, taken by your in house professionals to search, source, procure and deliver services.
We do this by leveraging access to best in class legal and legally based business resource. A non-exclusive list of the UK Bar (barristers), risk management/investigatory services, eDiscovery, litigation funding, paralegals/PQE, reviewer resource and expert witnesses. We also have access to the UK’s leading online transcription company, OutSec as a transcription resource.
Firms, whatever their business or sector, that adapt and innovate will be in the best place to thrive. Leveraging Taborns’ available resource and expertise – which includes OutSec’s class-leading transcription service – ensures you have a robust, high performing unit, to help ensure that you and your firm are therefore not left in the shadows.
What are you doing to ensure you do not just survive this period, but use it as a period of growth?
To find out more about Taborns’ and the services they offer please contact:
Telephone: 020 3745 1050
About OutSec the UK’s Leading Online Transcription Company
OutSec is the UK’s leading online transcription company whose business has grown substantially since 2002. We are one of the most successful transcription companies in the United Kingdom. OutSec provides secure outsourced transcription services to the medical, legal, property and surveying, universities, media and interviews, advisory boards, conferences & seminars, inventories, financial, commercial, HR, recruitment and Executive Search sectors. We are also ISO 27001 and Cyber Essentials certified.
Why is Dictation More Efficient than Typing?
Well, the simple fact is that we can all speak considerably faster than we can physically type:
In other words, dictation is up to four times faster than we can type. Therefore, simply dictating a document is more cost-efficient, giving you more time to dedicate your efforts elsewhere in your business.
Therefore why not add OutSec as a business continuity option for your business? Accounts are free, you pay on a per minute basis (rounded to the nearest minute) on a pay as you go basis, with no contracts or minimum spend. What do you have to lose? Why not open an account today!
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