Contracting out a mountain of lawyers is a terrible value proposition. They charge hundreds an hour and you need hundreds of them at 40-50 hours a week year round. Much cheaper (and effective) to have your own legal dept.

Compliance can be a mixed bag but generally it’s much cheaper to create your own programs. And as you said, certain compliance functions will be required to be in-house. Depending on the industry, you also have to consider the types of data you’ll be exchanging. Financial data is highly sensitive so you can’t just offshore resources in Vietnam or somewhere else in SE Asia.