WITH THE countdown for 2010 on, it becomes more than necessary and desirable to look at the major events of the year going by and to assess our preparedness for the coming year.
This year 2009 is testimony to a phenomenal growth in the offshore outsourcing of legal processes wherein a majority of deals were with Indian vendors. Freshfields Bruckhaus Deringer, Linklaters, Slaughter and May, Osborne Clarke, Simmons and Simmons, Rio Tinto, Eversheds, Pinsent Masons are a few of the names in the news for outsourcing their legal processes to offshore destinations this year.
Infact as soon as they realized that offshore outsourcing is now the new level of globalization and the company’s, which earlier faced the question of whether or not to outsource were left with the only option to decide when to outsource, the situation moved from a may-be to a must-be. Offshore outsourcing today is neither a desire nor an option rather it is the support system of all globalizing companies, of all who wish to grow in this ever integrating competitive world. As one often tell friends in the industry, “One can't do today's job with yesterday's methods and be in business tomorrow”.
