Having a Hard Time Finding a Law Firm Job? Consider Legal Process Outsourcers (LPOs)
LPOs like Axiom Legal are coming into their own. They're moving more and more into the law firm territory -- even moving into mergers and acquisitions rather than "just" doing due diligence -- as corporate legal departments look to control their outside legal spend. The logic is simple: why pay Cravath-type legal fees for routine, small, and other low risk matters when an LPO can get the job done?
As the legal market continues to evolve and corporate clients continue to remain price sensitive, LPOs offer career opportunities for lawyers. Meanwhile, law firm attorneys will be pressured to demonstrate the additional value they bring that LPOs can't.