In Spite of Price-Driven RFP results, Clients Still Place High Priority on Business Process Outsourcing Services
With the focus on many client outsourcing RFP projects becoming more and more price-driven, as law firms try to cut costs in many areas, outsourcing providers have seen their headcounts cut and more importantly, reductions in their profit margins. Indeed, vendors today admit to single-digit profit margins on some projects, particularly competitive displacements (replacing an incumbent vendor). These low...