Exclusive 10-Year Agreement to Outsource Middle Office Services
LONDON, May 14, 2010 – Integreon, the global provider of research, legal and professional business solutions, today announced that CMS Cameron McKenna LLP, UK member firm of CMS, the leading European provider of legal and tax services, has signed a 10-year agreement with the company for outsourced Middle Office services. This includes substantial portions of accounting and finance, human resources and training, marketing and communications, learning and development, library and information services, research, information technology, facilities and other services. The total value of services addressed by this agreement is £583 million, the legal industry’s largest outsourcing agreement ever.
By outsourcing non-billable tasks to Integreon, CMS Cameron McKenna can focus on its core competency – providing high-end legal and tax services. CMS Cameron McKenna’s decision to outsource its Middle Office is part of its ambitious and progressive strategy to create a new model for law firms. By engaging Integreon to provide high-quality outsourced professional business solutions, CMS Cameron McKenna guarantees that its business infrastructure can easily scale for rapid growth.
“We chose Integreon because it is the only firm with a global network of experienced professionals that can meet our needs,” said Duncan Weston, managing partner for CMS Cameron McKenna. “Integreon has proven itself to be a trusted and collaborative global services provider that creates real impact and significant bottom-line results for its clients. With a broad and integrated services portfolio that is unmatched in the industry and a unique track record of success with leading professional services organisations, Integreon will meet our needs as a rapidly growing law firm.”
Legal industry expert and commentator, Professor Richard Susskind commented, “This is a hugely significant development that sets the pace for the global legal market. The scale and ambition of the arrangement is remarkable, and the business case is compellingly strong – by outsourcing many of its non-core activities to Integreon, CMS Cameron McKenna should achieve major cost savings and free itself to focus more strategically on its clients and services.”
“CMS Cameron McKenna is a forerunner of law firms adopting industry best practices,” said Liam Brown, Integreon’s chief executive officer. “Beyond the obvious savings that outsourcing will provide them, they will also have the strategic advantage of focusing exclusively on what their clients retain them to do – provide expert legal counsel and services. The agreement with CMS Cameron McKenna confirms our commitment to deliver leading-edge innovation in business, technology, and process management to our law firm clients.”
About Integreon
Integreon is the largest and highest impact provider of integrated research, legal and professional business solutions. It is a trusted partner to 32 of the top 50 Am Law firms, nine of the top 10 investment banks, and 11 of the top 50 global brands, enabling these firms to improve profitability and freeing leaders to focus on the growth of their business. Its nearly 2,000 associates operating in North America, Europe, Asia and Africa work collaboratively with clients to address their specific support needs in areas such as market and competitive intelligence, discovery, legal process outsourcing and other professional business services. For more information about Integreon’s full range of solutions, please visit www.integreon.com.
About CMS Cameron McKenna
CMS is the leading European provider of legal and tax services. CMS Cameron McKenna is the UK- headquartered member of CMS with 10 offices in the UK and Central and Eastern Europe. The firm has 122 Equity Partners and employs over 1,000 fee-earners in total. CMS lawyers provide advice across all types of commercial law, banking and finance, competition, corporate and M&A, dispute resolution, employment & pensions, environment, immigration, intellectual property, private equity, public procurement, real estate and tax. For more information, please visit www.cms-cmck.com.
Press Contact:
Integreon
Chris Green
Davies Murphy Group
+44 1256 807360
integreon@daviesmurphy.com