In business, outsourcing is the contracting out of a business process to a third-party. The term "outsourcing" became popular in the United States near the turn of the 21st century. Outsourcing sometimes involves transferring employees and assets from one firm to another, but not always. Outsourcing is also used to describe the practice of handing over control of public services to for-profit corporations.Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring or relocating a business function to another country. Financial savings from lower international labor rates is a big motivation for outsourcing/offshoring.
Posts about Outsourcing
  • Is Outsourcing a Dirty Word for Mortgage Underwriters?

    … Is Outsourcing a Dirty Word for Mortgage Underwriters? December 12, 2016 by Brian Mahany Is outsourcing in the mortgage industry a dirty word? A Houston jury thought so in our Allied Home Mortgage case. Although we and federal prosecutors accused Allied and its former CEO Jim Hodge of many bad acts, some of the alleged wrongdoing included…

    Due Diligence- 12 readers -
  • Why Your Law Firm Should Throw An Event

    … planning experience. Save Money By Outsourcing Law Firm Event Planning Outsourcing or revamping traditional marketing and business development methods can save law firms money. Selective outsourcing is a desirable option for most small to medium sized firms, as recent studies have shown that qualified, external business development consultants can…

    Stacey Burke/ Stacey E Burke Blog- 41 readers -
  • 10th Annual Patent Law Institute CLE Program From PLI

    … Professor and renowned ethics expert Lisa A. Dolak. Professor Dolak and I will be discussing the ethics of outsourcing IP-related legal services –what patent prosecutors and litigators need to know to ensure compliance with applicable ethics standards, as well as the legal malpractice risks associated from outsourcing. Some of the leading practitioners in the country are lined up to present at the 10th Annual Patent Law Institute. We hope you can join us. Related April 26, 2016…

    Michael E. Mccabe Jr./ IPethics & INsights- 18 readers -
  • Everyday Legal Ethics

    … written blog posts, particularly those that do not contain useful information will dilute the attorney’s brand. Attorneys should be skeptical of web consultants that encourage reporting case results or recent victories on their websites. In the absence of informed consent, it is very difficult to discuss the results of cases without running afoul…

    Erin H. Gerstenzang- 61 readers -
  • Drug Shortage Tied to Quality Control Problems

    … of 20%, something unheard of in most industries. While most workers make decent wages, the CEOs bring home $20 million per year or more. Instead of modernizing plants and keeping their operations safe, a few greedy pharmaceutical companies hope to squeeze a few pennies of profit by outsourcing manufacturing to questionable contract manufacturing…

    Due Diligence- 10 readers -
Get the top posts daily into your mailbox!