Legal Procurement: Are your Search, Source & Procure Days Over?

Legal Procurement: Are your Search, Source & Procure Days Over OutSec transcription blog post image shows Business People Communicating Online Having Agreement, Shaking hands

OutSec the UK’s online leading transcription company looks at an innovative 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? How do you ensure you get value? We ask Will Taborn to help us answer those burning questions.

Business Leading Change

The global financial crisis of 2008 saw businesses’ demand change, especially in legal procurement.  Businesses wanted the sector to adopt new strategies. Namely, to:

  1. Reduce cost;
  2. Implement and use technology to improve efficiencies;
  3. Improve customer service and receive faster response times; and
  4. Regulatory changes to open up the legal services market to competition.

The uptake of technology was one which therefore 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. With a possible global financial crisis looming into 2022, adopting new strategies will therefore be as critical for businesses going forward, especially after the pandemic.

The Pandemic

As the Covid pandemic changed businesses’ working practices, with companies being thrown into the deep end, in terms of home working and virtual meetings, firms had been forced to look at different ways of working in a “new normality”.  Therefore businesses started to look 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”.

We look at an innovative way that one firm, Taborns, is looking to address the future of legal services procurement in a post-Covid world.

Taborns

Taborns Legal BusinessTaborns 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, and effectiveness 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.

Services Offered:

For SMEs to Corporate clients 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 resources 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 resources. 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 resources 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?

Contact Details

To find out more about Taborns’ and the services they offer please contact:

Email: will@taborns.com

Telephone: 020 3745 1050

Website: www.taborns.com

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 medicallegalproperty and surveyinguniversitiesmedia and interviewsadvisory boards, conferences & seminarsinventoriesfinancialcommercialHR, 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:

“The average person types between 38 and 40 words per minute”.

A “good rate of speech ranges between 140 -160 words per minute.

In other words, dictation is 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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