The economic recession of 2007-2009 forced many corporations to reevaluate major in-house processes and core values. It was detrimental to continue spending money at the same rate, and business protocols had to change and evolve with the fluctuating economy. One of the largest components reassessed was the operations of corporate counsels, and chief officers were forced to innovate and reexamine their procurement of services. In other words, corporations could no longer rely exclusively on the services of prestigious law firms due to their excessive fees. Instead, corporations developed creative fee structures, heightened price bidding among legal firms, and procured the amenities of legal outsourcing organizations.LSOLegal Service Outsourcing, shortened to LSO, defines the corporate practice of establishing partnerships with third-party legal providers to aid in corporate legal counsel....
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