Legal Process Outsourcing
Legal process outsourcing (LPO) is the practice where law firms and other organisations outsource legal work from other places or other legal support services companies. Mostly, countries like USA outsource legal services from countries like India. LPO is a knowledge-based sector and the services offered are include documents review, contract management, paralegal services, legal research, drafting and analysis etc. LPO serves leading corporations, law firms and solo attorneys. Many legal firms from overseas are choosing Indian legal firms for services to reduce cost. This has made India favorable for legal work. It has also provided freshly qualified law graduates to prove their worth and also earn well. The Indian LPO sector expects growth in a number of services namely document review, legal publishing, contract services, etc. Advantages of Legal Process Outsourcing: 1. Cost Saving In every sector, the legal work is increasing now a days. The law firms can control the overhead cost by outsourcing. The in-house employees are costly as they charge on hourly basis and they are paid salary and other variables. 2. Access External Talent and Global Expertise