The basic premise of a secondment being that if a client has enough of the right type of work (generally consistent in terms of volume, skill and experience required), but not enough to make permanent recruitment an option, then taking a single lawyer on secondment will be cheaper than paying for
that resource on an hourly rate basis.
Not exact matches
Estimate the hours needed to complete tasks and costs for
resources and calculate value based
on your
hourly rates.
All that (air quotes) «unnecessary overhead» they cut out to get you that awesome
hourly rate is precisely what could've funded the institutional
resources that ensure legal work keeps moving: a well - trained team to collaborate with, technology (and training for technology) that streamlines unnecessary tasks, non-lawyer professionals to knock out checklist items while the lawyers focus
on the big stuff.
'' Gates
on IP, Outsourcing from Tech Law Geek How long before clients catch
on to the fact that online legal research is supported by offshore
resources that hardly charge the
hourly rates many lawyers dream of collecting?
For purposes of this discussion, we'll employ the
hourly billing model and we'll assume that the
hourly rate charged by a lawyer properly measures the true value of that lawyer based
on his or her skill, knowledge, experience, connections, and access to
resources.
This in turn has an impact
on the vendor's cost base, which is realized as contributing factor the
hourly rate charged for those
resources.