IndoGenic Legal Services. Captive centers Third party niche Third party Multiple. Low-value services High-value services. What is an LPO. Corporations and law firms need to handle the large volumes while. keeping costs in check and maintaining profitability. This is where.
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Third party niche
Third party Multiple
High-value servicesWhat is an LPO
Corporations and law firms need to handle the large volumes while
keeping costs in check and maintaining profitability. This is where
Legal Process Outsourcing ("LPO") comes into the picture wherein
core legal functions are delegated to external counsel to complete the
assigned task on the basis of set parameters and fixed timelines.
The India revenues from legal services offshoring are slated to grow from
$146 million for the calendar year 2006 to reach $640 million by end 2010.
The industry employed around 7,500 people in the legal offshoring space
in India as of end 2006. The number of employees is expected to reach
32,000 by end 2010.
Routine legal work, regularly costing clients 200- 300 dollars per hour in the
US, can be done for 30-100 dollars when outsourced to India. Law firms,
corporate legal departments, can achieve savings of 60 per cent by outsourcing
some of these tasks.
1.Frees up company’s resources (esp. time and money) from performing
2.The steady growth in demand for legal services has always exceeded
the supply from law firms, and hence offshoring would help them in
meeting this shortage, thus attaining demand-supply equilibrium.
Every year, India churns out close to 300,000 law graduates.
Access to highly skilled legal talent at a significant wage
differential will maintain high quality, thereby increasing
Common law in both countries
Pankaj Parnami, Director, Acclivant Outsourcing Ltd, said, "Our legal
system is almost similar to that prevalent in the UK. When we talk
about the US market, there are (only) procedural differences."
quality of legal education in India
"Even a reasonably sharp appreciation of the rupee doesn't change
the fundamental cost difference between the two countries," said
Johan Gott, an offshoring consultant with the firm A.T. Kearney.
the quality issue can be mitigated by
sanitize the transmission of information between U.S and India
offices by concealing all client and party names, commercial
information, and all other case specific information before
transmitting legal documents out of U.S offices.
drafting of forms
financial assessment / billing
corporate due diligence
class action support
legal secretarial services
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