When advising a client on an outsourcing deal, usually the talk revolves around the money you can save the client by handing off an IT or HR function or a business process. However, there's also money to be saved by hiring the right legal advisory firm. To better understand the potential savings, Consulting's One-on-One sat down with Jennifer Wolfe, CEO of Wolfe LPA, a boutique outsourcing legal advisory firm.
Consulting: For what size companies are your services getting the most traction?
Wolfe: We're finding a lot of success with middle market and smaller firms that are pursuing outsourcing arraignments. For these smaller companies, they can't afford $2 to $3 million in transaction costs. That's where we've found an opportunity to help with the negotiation and transition, but with much lower fees.
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