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Legal Process Outsourcing is a lucrative route to reduce cost and increase efficiency by outsourcing legal work. As per January 2010 data there are more than 128 LPO providers in India alone, India currently employs around 32,000 people and it is expected to rise with the high growth rate. LPO professionals not only include lawyers but they may be engineers, Chartered accountant, CS, as well as professional from other fields. Public Sector use of LPO is the largest new source of growth in 2011. http://www.bharatbook.com/detail.asp?id=214676&rt=Indian-Legal-Process-Outsourcing-Market.html Political considerations and ongoing caution across all sectors will support the growth of the on-shore delivery market, though India remains the most common delivery location. Indian LPO industry which was valued at US$640 million at the end of 2010, is expected to grow to US$ 4000 mllion by the end of 2015. Further, India is expected to be a leader in legal service provider in world and the proportion of service being provided by India to USA will reduce from current 65% to 55% and of UK from current 18% to 12%. The new section and new country which will emerge for India in this sector will be Canada, Russia, Israel, Spain, France, Australia and Germany. marketing research reports Germany which uses Indian LPO currently for cases of arbitraging and export problem due to English in USA is thinking for transferring more and more jobs to India as new Indian lawyer are also skilled in speaking German hence giving Germany a leading hand in development of LPO sector in India. Although, outsourcing legal processes seems to be the most obvious alternative to most law firms, embarking on such a strategy, however, encompasses a number of complexities. Mindful of the fact that law firms deal with issues which are complex and highly sensitive in nature, costs alone cannot be the deciding factor when off-shoring legal tasks. One requires to perform a thorough due diligence while choosing a vendor who not only meets the key cost objectives, but also maintains high level of confidentiality standards which are comparable to the US/UK law firms. Table of Contents : Executive Summary Industry Overview Industry in India Reasons for Outsourcing to India Global Outsourcing to India (in %) Services provided by Indian LPOs for US based firms (in %) Business Services Electronic Document Management Services Electronic Document Discovery Services Intellectual Property Services Working of LPO Industry Typical Organization Structure in a LPO Market Structure & Segmentation Single player [proprietor, company etc] Broad-based KPO and BPO Providers MNCs firm developing own LPO centre Captives of Law firms Joint Ventures between firms Limited LPO/ Limited Legal Support Service Providers Services Catalogue of a LPO Cases which can be performed through outsourcing Services which are being done through outsourcing Other Services Business Information & Market Research Intellectual Property service Sources of Inbound Business Large MNCs Offshore Service Providers Law Firms Publishers Advantages & Disadvantages of LPO Industry Advantages For more information kindly visit : http://www.bharatbook.com/detail.asp?id=214676&rt=Indian-Legal-Process-Outsourcing-Market.html Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668 / +91 22 27579438 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/#!/Sandhya3B
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Indian Legal Process Outsourcing Market available through bharatbook.com
