Lawyers and Paralegals

The fate of the professional services industry depends very much on the fortunes of others. We’re currently in the longest-running bull market in history, but no one knows how long it will last. Combined with political upheaval and uncertainty around global trade, the professional services industry is exercising caution when it comes to growth.

And in an era of rapid technological change, the nature of the industry is also undergoing significant transformation. Clients have greater access to information than ever before, an urgent need to facilitate their own migration into the digital era, and a growing number of service providers promising the advice they’re looking for. And when it comes to engaging consultants, clients are becoming increasingly interested in paying for specific outcomes, rather than by the hour.

Those providers who do well will be the ones who deliver sought-after expertise in niche areas and focus on building relationships with clients, adding value to their business over the longer term, rather than cultivating an association that ends with the completion of a specific project.

As always, the strength of your PSF (professional services firm) lies with your talent pool. That’s your most valuable asset, providing the expertise that clients are willing to pay for. But in a tight labor market, you must be able to compete for the top people, with skills in emerging areas increasingly in demand. You need the resources to offer the kind of remuneration and conditions that will help you both recruit and retain them.

That means investing the largest part of your resources where you will see the greatest return on that investment. Other essential parts of your business that support your core revenue creation must be undertaken as efficiently and cost-effectively as possible.

Outsourcing services to the Philippines enables you to do just that, allowing you to outsource those tasks to experts who can perform them efficiently and at a significantly reduced cost to you compared to undertaking them using your own staff or outsourcing at home.

Frequently Offshored Professional Services Roles

Some of the more frequently outsourced professional services roles include: Professional services roles are those that require special training and certification/ licensure to be able to practice the profession. Such roles that are commonly outsourced in the Philippines are:

• Accountant
• Lawyer
• Architect
• Engineer
• Physician
• Teacher
• Broker/ Investment Solicitor
• IT Consultants