What’s happening?
6 replies (most recent on top)
Most of LAW is being outsourced to billable hours. The internal cost of salary, health and life insurance and a retirement pension/matching 401K is too costly to maintain even for ExxonMobil.
They can work the background in GBC for fraction of cost and retain contracted regional law firms for dealing with specific cases on as needed basis. Reduce fixed cost and increase variable cost.
I remember a few years ago seeing shifts from US based lawyers to South America based lawyers. Assumed it was related to SWB costs.
The list of violations/lawsuits/cases was longer than their profit
@OP heard major cuts, replacing the fat old lawyers with AI and a BTC lawyer
@OP For those of us not in the know, what is happening that caused you to ask the question?