CAMERONS OUTSOURCING DEAL
CMS Cameron McKenna is to become the first major law firm to outsource its entire backroom operation, Legal Week has reported. Outsourcing company Integreon promises that it can save the top 20 firm 10-15 per cent on its backroom costs. Camerons has been in talks with Integreon since May, but a partner vote earlier in the week sealed the deal. Camerons said it was not anticipating any redundancies among its 200-member support staff.
BPP PARENT WRITES OFF $176M
The parent of BPP Law School, the American private education firm Apollo, has written off nearly $176m after its British arm underperformed. “BPP’s business, which is heavily dependent upon the strength of the law and finance sectors in the UK, has been significantly and adversely impacted by the deep recession in the UK and throughout Europe,” said Apollo’s CFO Swartz. BPP won university status earlier this year.
MORE LEGAL JOB-LOSSES
More redundancies are on the way at City law firms, just in time for Christmas. Hogan Lovells is to make four redundancies in its law department, “to better reflect market conditions”, while Barlow Lyde & Gilbert is to lose people from its corporate and commercial team – it is thought that six associates and seven partners will lose their jobs.