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Russell Smith, president, chairman and founder of SDD Global Solutions, is a Columbia Law School graduate with over 21 years of legal experience. He has represented some of the most high-profile companies in the world — HBO, Sony Pictures Television, 20th Century Fox Film Corporation, Miramax Films, Penguin Books, et cetera. One of the recent achievements of SDB Global Solutions is that it has been hired by Sony Pictures to help with the legal work on their next film and by 20th Century Fox and the makers of the Borat, movie. SDD Global Solutions has also clients such as Universal Pictures, HBO, 20th Century Fox, Sony Pictures, and the Clinton Foundation. In this interview with Contributing Editor Shobha Warrier, Smith discusses the future of LPO, legal process outsourcing. What prompted your firm to outsource legal work? We decided to set up a legal offshoring company because we know that the Western legal services industry is sick, and we want to be a part of the cure! A recent survey of legal department heads at leading US companies revealed that only 30 per cent of those companies would recommend their outside law firm to others, and 53 per cent of them recently fired their outside law firm. Has it become too expensive to do the work in the United States? Yes, the price of legal services in the US is way too high, even crippling. Hourly billing rates have increased over 30 per cent in the last few years to as much as $1,000 per hour in the US.
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