MY FIRM HAS A NUMBER OF CLIENTS THAT ARE NOT PARTIES TO LITIGATION, BUT THEY HAVE RECEIVED THIRD PARTY SUBPOENAS. HOW CAN OUTSOURCING HELP THEM?
• Third party subpoenas (i.e., subpoenas served on companies that are not parties to litigation) can impose time consuming and costly burdens on organizations that are required to respond. Valuable internal staff time and resources, not to mention the cost of outside counsel, can be involved in responding to these requests for information. Whether an entity that responds to the subpoena will be able to recover all, or even most, of its costs is not guaranteed. • Outsourcing allows the company to minimize its upfront costs, and its risks, if its request for reimbursement is not granted, or not completely granted. • Outsourcing allows the company to free its internal resources, that might otherwise be devoted to reviewing documents for privilege or to protect trade secrets, so that those resources can be devoted to higher value and more strategic interests.
Related Questions
- MY FIRM HAS A NUMBER OF CLIENTS THAT ARE NOT PARTIES TO LITIGATION, BUT THEY HAVE RECEIVED THIRD PARTY SUBPOENAS. HOW CAN OUTSOURCING HELP THEM?
- May a Third Party Administration firm or financial institution obtain signer credentials on behalf of its clients?
- How can Outsourcing help us as offshore clients?
