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TCS signs a contract with The Law Society of England and Wales
TCS has won a contract from The Law Society of England and Wales as its strategic
transformation partner. TCS will work with The Law Society initially on a significant system
development project, which aims to create a more effective online service for The Law
Society and its members.
In the UK, in particular, the legal services industry is forecast to undergo material change
as the Legal Service Act (LSA) 2007 comes into implementation in 2011. This act is aimed
at liberalising the legal services market and bringing the entire market under one
regulatory framework by creating alternate business structures, which will allow
non-lawyers in management and ownership roles. Once the LSA comes into effect,
competition is expected to increase and new entrants in the sector will necessitate better
regulation and robust system to meet their demands.
The application to be developed by TCS will enable The Law Society to manage the
changes brought by LSA by streamlining operations and improving efficiencies. This will be
done by a systematic review of the society’s business processes, information practices and
system needs. This deal marks another foray of TCS in the legal services industry, which is
growing swiftly. We maintain Accumulate on the stock with a Target Price of `1,287.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TCS signs a contract with The Law Society of England and Wales
TCS has won a contract from The Law Society of England and Wales as its strategic
transformation partner. TCS will work with The Law Society initially on a significant system
development project, which aims to create a more effective online service for The Law
Society and its members.
In the UK, in particular, the legal services industry is forecast to undergo material change
as the Legal Service Act (LSA) 2007 comes into implementation in 2011. This act is aimed
at liberalising the legal services market and bringing the entire market under one
regulatory framework by creating alternate business structures, which will allow
non-lawyers in management and ownership roles. Once the LSA comes into effect,
competition is expected to increase and new entrants in the sector will necessitate better
regulation and robust system to meet their demands.
The application to be developed by TCS will enable The Law Society to manage the
changes brought by LSA by streamlining operations and improving efficiencies. This will be
done by a systematic review of the society’s business processes, information practices and
system needs. This deal marks another foray of TCS in the legal services industry, which is
growing swiftly. We maintain Accumulate on the stock with a Target Price of `1,287.
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