The Lawson Firm, a Cleveland-based law firm providing legal services to the insurance industry, is offering a two-part paper examining the business and legal risks associated with business-process outsourcing (BPO) and the strategies used to manage those risks. The paper is in response to recent studies showing that roughly half of all insurers currently outsource one or more business processes, or are planning to do so within the next 18 months.
According to firm-manager Scott Lawson, "Increasingly, insurers are taking a hard look at the strategic advantages and potential cost savings associated with BPO." Lawson further notes however that "balanced against those potential advantages are some substantial risks. Given the complexity and long-term nature of outsourcing arrangements, Lawson suggests that, in each case, companies conduct a comprehensive pre-contract review of the myriad operational and legal issues involved. The two-part series is currently available through the firm's Web site at www.lawsonfirm.net.
Source: The Lawson Firm
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