London, UK (PRWEB) October 29, 2013
Aamir Khan, General Counsel and Senior Director at Clutch Group, spoke last Thursday at the IBC Legal’s Financial Institutions Litigation conference about the implications of the Jackson Cost Reforms for financial litigation in the UK.
In his talk, Mr. Khan argued that in the wake of the Jackson Reforms, which came into full force in April of 2013, and which requires parties to file a comprehensive cost budget, law firms and their clients need to become more strategic and proactive in their approach to tackling litigation.
With increasing pressure on firms to forecast future costs, the importance of working closely with their clients’ general counsel and of conducting thorough early case assessments has never been more pronounced.
In particular, Mr. Khan argued, firms need to carefully plan how they conduct e-disclosure – the most critical and expensive part of the litigation process. Bringing on specialized document review and e-disclosure firms is one way to do this.
“The traditional way of running disclosure by hiring a room full of paralegals supervised by a couple of qualified solicitors and expensive technology is already outmoded,” said Mr. Khan. “Especially when e-documents can now be reviewed by qualified lawyers for a very low rate per document including technology, hosting and licensing costs.”
Firms that fail to adapt to these changes risk being left behind, warns Mr. Khan: “If law firms aren’t already tuned in to segmentation of the litigation process, their clients will be.”
Aamir Khan, former Head of Legal at Lloyds, joined Clutch Group last July. As General Counsel and Senior Director for the UK and Europe, Khan manages key client relationships and delivery functions within the region.
First held in 2011, IBC Legal’s Financial Institutions Litigation conference brings together general counsel and commercial litigators to discuss pressing and relevant issues in the banking litigation space.
About Clutch Group
Clutch Group is a global, enterprise-class organization dedicated to providing the professional services for law. Founded in 2005 by top attorneys from leading firms and business process pioneers, Clutch Group has grown to a team of legal, technology and process experts in 5 offices across 3 continents.
Clutch was built from the ground up to help General Counsels more effectively manage problems within Fortune 500 companies. At its core, Clutch combines its expertise in harnessing technology, implementing process and focusing on Fact Development to deliver risk-measured, cost optimized solutions for our clients. Clutch’s clients consist of leading corporations’ legal and compliance departments and its services are tailored to the core industry verticals in which it operates, including Financial Services, Life Sciences and Technology companies.
Clutch Group has been consistently ranked as a top provider by industry research as well as client satisfaction since its inception and has been recognized by industry authorities including the New York Law Journal, Chambers Global, Frost & Sullivan, the Black Book of Outsourcing and Dun & Bradstreet. For more information, go to http://www.clutchgroup.com.