Legal Processing Outsourcing

LPO is a service provided pertaining to legal term. The legal firm globally has started getting inclined towards outsourcing for gaining competence and generating large sum of profit in extremely competitive marketplace. The purpose of LPO is to outsource legal to off-shore areas where it is costly to perform. The countries like United States of America, UK, Germany and Australia to cheaper destinations like India, china and Philippines etc. with the extended services globally, LPO is open to Indian lawyers. Earlier LPO dealt with low level dictation work, but now the time has changed. LPO now construct variety of services such as enormous collection of legal processes, such as patent application drafting, advising clients, legal research, pre-litigation documentation, writing software licensing agreements and drafting distribution agreements. LPO is all about getting job done cheaply from offshore centers.

Growth of LPO in India

The United States-based Forester Research predicts that, the existing annual value of legal outsourcing which is worth $80 million can climb up to $4 billion and it will provide with 79,000 jobs in India by 2015 and legal process

Outsourcing or LPOs is expected to fetch up to $20 billion by 2015 .The Indian court case and disagreement motion procedures are understood universally. The Indian Legal System is similar to UK, US, Canada, and ample part of Europe. 700 Indian lawyers are anticipated by Nasscom who will be at advantage by the success of LPO, the services that they provide includes discussing and documenting issues on the bases of globalization and family disputes, patents entertainment, and pharmacy .The Law schools are succeeding because it gives admissions to 15,000 law graduates which India produces each year. The legal requirements of several MNCs in the US and Europe are outsourced to Indian law firms situated in Gurgaon, Noida, Bangalore and Mumbai, and , Indian lawyers is inexpensive for a foreign firm to get work done in India compare to a US law firm.

LPO area of work

LPO are of work includes legal research to patent application drafting, advising clients. Pre- litigation and documentation. They also analyze drafted documents; write software licensing agreements to drafting distribution agreement is being outsourced to India.

Growth in LPO industry

Legal Process Outsourcing, as it is being called, has very high growth potential’s. USA top 200 companies are looking for offshore locations like India for LPO services .India is popular cause of its intelligence and is known for its huge and escalating group of quality engineers’. The amount of one-third of the registered professionals at present make available patent services to clients sitting in America and Europe, and this number is likely to double to 1,800-2,000 by 2010. India is predicted to attain current share of 3-4 per cent to 6-7 per cent in the 250 billion dollar global market of Legal Process Outsourcing, by 2010. India KPO sector is also anticipated to employ more than 250000 KPO professionals by 2010. LPO industry is now emerging but at the start it had to go through many struggles that early BPO outsourcing faced. LPO is on the brink of becoming a most important zone of offshore outsourcing in coming years.

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