On April 11, 2003, Kirkland & Ellis presented the Outsourcing - Onshore and Offshore - Advanced Topics in Risk Assessment and Mitigation Seminar in our Chicago office. Outsourcing has fast become a preferred business model that has a powerful impact on a company's growth and financial stability. Outsourcing includes not only IT outsourcing, but also business process outsourcing (BPO), where entire functions of a business ranging from human resources to logistics are sourced from a third party. Outsourcing has become an important strategic tool for achieving cost control and economies of scale, as well as improving customer relationships, introducing business innovations and building a competitive advantage. Chicago partners Gregg Kirchhoefer and Neil S. Hirshman and San Francisco partner Stephen Johnson coordinated this event and contributed to its success.