In the world of business strategy there are probably few terms that are as misunderstood, emotive, or divisive as “outsourcing.” If done properly, outsourcing can deliver significant benefits to an organization in terms of lower costs and better performance. If done badly, outsourcing can result in higher costs, poor service, poor morale, and senior executives losing their jobs.
Latham knows that when companies decide to outsource, they are making a significant commitment and substantial investment of time, people, and resources to obtain better performance at lower cost for the organization. Latham knows the stakes are high, the project will be under executive scrutiny, and not everyone at the company will share the same objectives. Getting to signature with these pressures and competing interests requires considerable effort and drive (and stamina!) on the part of the client deal execution team. Latham will work closely and efficiently with clients to help ease that burden and to achieve success by making pragmatic decisions, providing market-oriented, commercially focused legal advice, and by not losing sight of the “bigger picture.”
The firm's technology transaction lawyers have advised on first generation, second generation, and third generation outsourcing projects, as well as renegotiating and working out of existing outsourcing relationships. The team understands the philosophy that underpins outsourcing and the complex pricing, service level, and governance mechanisms that have developed around outsourcing. Latham has worked alongside the world’s leading outsourcing advisors to develop outsourced solutions for clients, and negotiated with all of the world’s leading service providers. With outsourcing lawyers positioned in the US, the UK, Europe, the Middle East, and Asia, the firm is uniquely placed to advise on global outsourcing transactions.
Latham lawyers advise and support clients through every step of the outsourcing process from strategy development, to going-to-market, contract signature, ongoing contract management and, if necessary, dispute resolution. The firm's experienced practitioners and award-winning tools help clients structure a contract that is robust, flexible, and easy to manage throughout the life of the deal. Across diverse industry sectors including financial services, logistics, manufacturing, telecommunications, pharma, and natural resources, clients engage Latham to help develop their strategic sourcing strategy and adopt Latham's outsourcing methodology as standard across the clients' multi-sourced environments.
Latham ensures clients are compliant by analyzing the industry in which they operate (e.g., financial services) and the particular supplier solutions that will be used (e.g., cloud computing) while advising on the potential regulatory hurdles clients will face in different countries, industries, and jurisdictions. Latham is at the forefront in advising clients on data privacy, financial services regulation, communications, cloud computing, digital, e-commerce, and employment law.
Latham tailors the firm's support to clients' needs and budget, while ensuring clients always have the benefit of Latham's market experience and industry best practice. Latham lawyers align themselves with the client's business, and function as an extension of the client's in-house legal team to deliver practical solutions to complex transactions, efficiently.