London's Legal Week reported on October 2 that Clifford Chance expects to transfer 300 support staff jobs to India - at a savings of close to US$60 million. This is in addition to the outsourcing of document production which is run by Integreon in India.
Why do we care? Major law firms are feeling ever-greater pressure to meet the budget needs of corporate clients. Our practice offers a sophisticated cross-border legal capability at costs far below our large-firm competitors. I can tell you that we will not be able to find $60 million of savings in our overhead no matter how hard we look!