Here’s a report that might shock some – legal outsourcing is looking a better option than starting up your own firm..
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Times Online (UK) reports
Legal outsourcing group CPA Global set to be gobbled up for ?400m
CPA Global, the legal outsourcing group, is in talks with Lloyds’ private equity arm about a ?400 million acquisition, the Financial Times reports.
CPA was founded 40 years ago by a group of Jersey law firms and initially specialised in patent renewals. It now employs 1,600 people with revenue of ?150 million.
It caused a stir in June with the announcement of an outsourcing deal with Rio Tinto that could save the Anglo-Australian mining giant $20 million a year in legal fees.
