Compliance & Legal
Up until recently, the legal profession experienced few if any dramatic changes in how they operate. However in the last few years, the rise of new technologies combined with the renewed drive to cut costs in the wake of an era of optimization has increasingly forced law firms and corporate legal departments alike to reevaluate how they operate and to consider outsourcing the more mundane tasks associated with the legal profession.
Legal Process Outsourcing (LPO) refers to a law firm or corporate legal department obtaining legal support services from an external law firm or legal support services firm. Typically, a lawyer will contract either directly or indirectly through an intermediary with an individual or a firm to perform various legal support related services. Following are the important services of Mosaico Technologies:
• Bookkeeping and billing
• Contract management
• Contract review
• Data analysis and management
• Document drafting
• Document production
• Due diligence
• General litigation support services
• Intellectual Property (IP) services
• Legal research
• Legal transcription
There are several key advantages gained by using our Legal and Compliance services and these advantages include the following:
Depending upon the type of legal service being outsourced, a law firm or a corporate legal department could achieve as much as 30% to 80% in cost savings by outsourcing legal support work to us.
Rather than hire full-time or even temporary in-house support staff to deal with the ups and downs in workflow, we can step-in on an a needs basis. Furthermore, you can tap into expertise that you may otherwise be lacking in-house.
High Quality Legal Support
We employ fully licensed attorneys rather than just paralegals or legal secretaries.
We use specially designed software that automates and streamlines repetitive tasks, especially tasks that involve significant amounts of paperwork and documents.
Leverage Time Zone Differences
North American or European based clients have the ability to have work completed on a 24 hour basis or during the night.
Optimize Costly Resources
For law firms, expensive resources in high cost markets are freed up in order to focus on high margin fee generating work rather than repetitive tasks while corporate legal departments are able to focus more attention to their core competencies rather than on handling legal paperwork.
“More and more companies are reaching out to their suppliers and contractors to work jointly on issues of sustainability, environmental responsibility, ethics, and compliance.”
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