In the 1980s and 1990s, it was common for US executives to seek operational services in emerging economies such as India, Northern Europe and China. This strategy, in addition to escaping immigration and sponsorship complications, offered a perfect way to maximize efficiency and reduce costs. Now, Latin America is emerging as a promising new frontier for the provision of high-quality professional services.
Why Latin America?
For many years, Latin America was not considered an attractive choice for operational services for various reasons, including excessive labor rights, lack of preparation for American demands, high training costs, political instability and preconceptions about the region's potential. However, those times are changing. Find out why:
Reducing costs and increasing quality: Latin America's emerging economies offer a qualified workforce at a lower cost compared to other regions. This is crucial for companies looking to reduce operating costs without compromising on quality.
Favorable time zone: Geographical proximity and the similarity of the time zone to the USA facilitate communication and project management in real time.
Culture and language: Growing familiarity with English culture and language makes integration more fluid and efficient.
Exploiting Latin America's potential for operational services could be the key to the next big revolution in your business!
Latin America, with its growing adaptation to global demands, is emerging as a powerful MVP for operational services. Adopting models such as ALSPs (a topic we've discussed in other articles on this blog) that are genuinely Latin American not only modernizes the legal sector, but also brings efficiency, cost savings and greater client satisfaction. Companies that explore these new possibilities and adapt to change are at the forefront of innovation, building a brighter future for the legal profession and the legal sector as a whole.