Month: November 2019

According to the newly published survey, “Future of Legal Process Outsourcing (LPO), 87% of in-house counsel noted that it is more difficult to manage legal risks related to company data than compared to five years ago. Additionally, 69% of those surveyed say they have seen an increase in spending on managing legal risk and compliance over the last five years. The survey was conducted by UK legal journal Legal Business in partnership with Clutch Group in December 2013 and received responses from over 200 senior in-house lawyers in the UK, Asia, and the US.

The Legal Business survey also revealed that LPOs have a large role to play in helping companies tackle large data and help companies mitigate risk. Highlights of the survey include:

*80% of respondents say they expect to see the Legal Process Outsourcing industry expand and improve its services over the next five years.
*58% of respondents say that LPOs and law firms need to work together on compliance and risk matters.
*37% of in-house lawyers say that LPOs are better equipped than law firms to use advanced technology and to use data and risk analytics.
*In-house counsel are using LPOs primarily for investigations and due diligence exercises; general litigation support and eDiscovery are close seconds.
*The UK LPO market is less developed than the US: 38% of UK-based respondents say they have used LPOs for legal work, compared to 50% in the US.
*An increase in the level of civil litigation is seen as the biggest driver behind rising legal costs. Greater scrutiny from regulators is close behind.

According to Alex Novarese, Legal Business’ Editor-in-Chief, “Our survey demonstrates the tremendous challenges and pressure facing today’s in-house counsel. From rising costs to exponential growths in data, in-house counsel are looking for efficient and cost-effective strategies to manage these new realities. If alternative providers can satisfy blue-chip clients – and a sizeable group of clients report that they do – they will keep moving up the value chain.”

These survey results and comments are in line with a number of expert predications that the next five years will see new market disrupters that begin to change the fundamental nature of legal service delivery. These new LPOs will not just focus on lowering the cost of legal services, but will try to reinvent the model altogether. There will be continued experimentation in developing new platforms for delivering legal services that will allow in-house counsel to focus on high level advisory work rather than routine assignments work. In all, the future looks bright for the LPO industry.

Check more info about: Legal Conferences in New York And Twitter – Global Outsourcing Association of Laywers

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There are diverse cases when it comes to real estate transactions. This is an area that involves many complications. Real estate cases are required to be dealt properly. A common man would not know the twists and complexities of such cases. It is always recommended to consult with a real estate lawyer while dealing with anything related to real estates.

It is difficult for a layman to understand the complications of home-buying and home-selling without proper legal assistance. A specialized real estate attorney can help you to go through such complexities smoothly. People who are planning to sell or buy a home are required to satisfy a set of paper-works that include legal reports and other related disclosures. Real estate agents can be misleading and commit fraudulent attempts. You should be careful of such felonies and traps. It is always advisable to have an attorney by your side while you deal with such complicated matters. .

Let us take a look at the key responsibilities and duties of a real estate lawyer.

1. Providing counsel to a client on property affairs.

2. Creating documents and preparing drafts related to real estates.

3. Checking the ownership to a property and any implied liabilities (liens).

4. Carrying out negotiations on sales and purchase agreements.

5. Preparing drafts of construction agreements and ground leases.

6. Managing real estate closings.

7. Negotiating official and retail leases.

8. Taking care of rental agreements and leases.

9. Keeping a detailed track of client documents.

10. Ensuring compliance of state and federal laws and regulations related to the real estate property dealings.

It is very important to choose a specialized attorney when you are dealing with property affairs. A general lawyer might not be aware of the specific details of property-related issues. A real estate lawyer is the one who has specialized in the field of residential and commercial property matters. As you select an attorney for your dealings, you should familiarize yourself with the involved processes.

In a nutshell, you should never proceed with any legal work on your own. Always consult with an eminent real estate lawyer. Carlisle has some of the best real estate lawyers. You can rely on the professional team of lawyers at Stoneduncan. You can get expert real estate advices from them and can proceed safely with your home-buying or home-selling ventures.

Real estate lawyer Carlisle – Duane P. Stone is a managing attorney providing legal service in cases involved with intellectual property, estate or probate administration, business and corporate law in Pennsylvania including Harrisburg, Gettysburg & Carlisle, PA.

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