In the last couple of years, the legal industry has experienced a paradigm shift globally where the delivery model for all legal services is concerned. This delivery model, better known to most as Legal Process Outsourcing (LPO), involves transferring legal processes from developed nations to offshore low-wage markets.
Yes, Legal Process Outsourcing in India is indeed growing tremendously in popularity as established law firms all over the world seek to minimize costs, expand in-house capabilities and increase flexibility. Legal process outsourcing joint ventures have sprung up all over the country. Initially, the concept of LPO appealed largely to the mammoth multinational companies and law firms because of the various opportunities it offered. However today, small as well as mid-size legal markets have also begun to capitalize on the LPO rage.
LPO services in India range from data entry and legal transcription, to pre-litigation documentation, due diligence, legal research, intellectual property services and contract management. LPO is a very complex process and is perhaps not the best solution for every organization. But it has many advantages to it, which include:
• Cost Savings
• Round-the-Clock Operations
• Access to the Global labor pool
• Flexibility
The Indian LPO services are efficient, affordable and skilled. Outsourcing legal work to India cuts a great amount in the costs (almost 80%), which is definitely less than the cost of using the services of International law firms.
But it isn’t all about the cost savings. LPO’s make attractive business prospects for Global law firms and larger companies for a number of reasons. LPO users can also avail a range of different benefits in the least possible time. What’s more, LPO users can gain a lot of operational efficiencies by focusing on certain core business activities while at the same time having access to a full scale of skills, service offerings and technologies, at a much reduced cost.
It goes without saying that LPO’s offer great advantages. Tweet this!
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1 comment:
This was a great write up about the LPO Industry. I myself work in an LPO and for a while now I have heard rumors doing the rounds that LPO’s are not the preferred work places for young lawyers and other legal graduates. But I would beg to differ. LPO’s do have their share of advantages and benefits in a country like India.
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