Politicians, economists and business leaders would all love to be able to predict the future but things rarely work out exactly as we think they will!
Predictions for the year ahead may be precarious but, at the start of a new year, law firms (and other businesses) are likely to be considering their strategy and making plans for the next 12 months.
Whilst the focus for different law firms will vary –expansion, consolidation, succession, profitability, turnover, cash-flow – there are some developments which will affect everyone.
Staff costs will rise
For example, we know it is going to get more expensive to employ people in April when the rise in employers’ national insurance contributions take effect. Looking a little further ahead, we also know that changes to employment law and regulation are coming down the tracks and that these are likely to impose additional burdens on employers.
Now might be the right time for your law firm to start planning for how it will deal with these and other business challenges?
The outsourcing answer
One creative solution is outsourcing certain business functions, removing direct staffing costs such as pension contributions and national insurance from your budget. Not employing staff directly doesn’t just save costs and management time, it also gives flexibility to scale services quickly up or down according to business need (without worrying about making redundancies).
At Global BPO we help our law firm clients by providing a highly professional, bespoke and integrated service. We have a wide range of specialists who can help with everything from document production to marketing. See our previous blog: how to pick your outsourcing partner.
How can we help you?
Talk to us to about how we could help your business find the cost-effective resources it needs to thrive and grow. For more information contact our Client Manager, Suzie Young, at: suzie@globalbpo.co.uk
