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Legal offshorers challenge law firms
Law firms are in for a stiff out-of-court challenge. A legal firm may sound good on a student’s resume when he starts his career, but better growth opportunities and flexible working hours may clinch the argument in favour of a shift to a legal process outsourcing firm ….
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Legal outsourcing set to boom
But with Indian legal process outsourcing industry poised to increase it's hiring, amidst a whirlpool of cost cutting measures being embraced aggressively by the US and the European firms, things could change. Mathematically, this translates into 20 per cent rise in salary packages of LPO employees and bonuses of up to 25 per cent to experienced lawyers employed by various outsourcing outfits…
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Patent outsourcing hot in the LPO industry
IN TODAY'S competitive world of business, gaining efficiency and staying profitable have become the corporate mantras. Most international law firms based in the US and Europe is taking the Legal Process Outsourcing (LPO) route to be lucrative.
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LPO industry in India
In the era of liberalization, the Indian economy moved from being a moribund and a closed set-up to become a dynamic growing economy with an annual average of 6% growth between 1991 and 2005…
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Challenges faced by LPO industry
Legal Process Outsourcing (often abbreviated as LPO), is a section of the outsourcing industry that is gaining popularity quite fast.
In Legal Process Outsourcing, the legal documentations required by an outsourcer, such as preparation of deeds, business agreements, business transaction details, etc., are handled by an independent outsourcing service provider located in a different country. This type of outsourcing is mostly put to use by US and European companies, in order to cut down on the attorney costs…
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Legal Process Outsourcing (LPO): 2007 And Beyond
Over the course of the last couple of years leading law firms have begun to wake up to the reality that we live and operate in a global marketplace. Technology enables an increasing array of legal support services and higher value legal work to be outsourced offshore. The legal profession is now starting to take advantage of the labor arbitrage that has been exploited by other industries for well over a decade…
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Legal process outsourcing: The next big thing
After outsourcing revolutionised the careers and lifestyles of Indian call centre operators...
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What’s in store for LPO in 2010?
In our 2010 projection for the industry, the International Association of Outsourcing Professionals (IAOP) predicts that there will be an acceleration of legal process outsourcing (LPO) activities across all industries in 2010…
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