LPO industry in India

“Legal process outsourcing refers to the off shoring of different elements in the legal process by law-firms, corporations, and in-house legal departments (mainly in US and UK) to offshore centers (mainly in India). It is a very recent phenomenon which has in few years gained huge momentum. 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. This growth was led by many factors, the most important being the growth in the service sector of the country.

Research & Markets Says, LPO Market Will Hit $2Billion By 2012

According to the highlights of the report, most LPO users are content with the services offered by vendors. The room for growth in the LPO sector has caught the eye of providers in the BPO and KPO services. These are part of an inorganic growth model to facilitate setting themselves up n the LPO landscape.

Indian law firms to benefit from LPO boom

India might be considered as a growing industry till now also but legal process outsourcing or LPOs is expected to fetch up to $20 billion by 2015. One of the biggest driving forces for the success of law schools is that, it absorbs many of the 15,000 law graduates which India produces each year. Legal outsourcing to India has begun as a low-end work which usually included transcription. But now it is history. Now, like other BPO (Business Process Outsourcing) activities, India’s legal services are affordable and efficient too. So, everything from patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements to drafting distribution agreement is being outsourced to India.

Global credit crisis leads to boom times for LPOs specializing in IP

In adversity lies opportunity and no more so than in the fledgling Legal Process Outsourcing (LPO) industry. Peter Ollier from MIP has authored a brilliantly researched article on how, amongst other reasons, the gloomy economic scenario in the West is actively forcing American companies to cut legal costs, by outsourcing to the Indian LPO industry, tasks such as patent drafting, prior-art searches, due diligence and also litigation support in the form of document review.

12 Ways Offshore Legal Outsourcing Could Shake Up the Law World in the New Decade

Many good points already have been made about what offshore legal outsourcing (or legal process outsourcing/LPO) has achieved in 2010, and what it is likely to contribute in 2011. But this is not just a new year; it's a new decade. This second decade of the 21st century is the one in which the legal world, as we know it, might be turned upside down. Along with related factors, offshore legal outsourcing is likely to continue to be among the leaders of the law revolution.

2011 Legal Process Outsourcing Market Set To Grow 34%. Corporate Law Departments Lead The Way In LPO; Law Firms Catching Up New York, NY (PRWEB) December 8, 2010

The LPO Program today releases its forecast of the 2011. Legal Process Outsourcing market showing high growth in all areas of the legal community. The main users of LPO continue to be Corporate Law Departments, who are forecast to add $129m of spending in 2011. Law firms are shaking off traditional caution and are fuelling 41% of the projected growth. On these forecasts, it is expected that at least 9 high profile deals will be announced by law firms in the next 12 months.The LPO Program says that the Global LPO market is expected to grow 34% ($217m) in 2011, from a base of $640m, to $857m. Corporate legal departments are the largest drivers of the growth; closely followed by UK-based law firms. US law firms are very active in the market but continue to be cautious relative to their UK counterparts.