LPO News

Welcome to LPO News. The aim of this website is to provide information, news and overview of the Legal Process Outsourcing industry.Why outsource?Enabled by technology, globalization has brought us closer. Free markets dictate the will of the society and efficiency is the new corporate shibboleth. Free competition drives businesses to look for avenues to increase productivity and reduce costs substantially to boost profits. Outsourcing refers to a specific segment of growing international trade in services.In particular, imagine a country like the United States, abundant in skilled labour has an economic incentive to outsource low-skill intensive work to countries abundant in unskilled labor like India. This translates into enormous cost savings for businesses in the United States, while trained professionals in outsourcing hubs earn relatively higher than conventional lawyers.

Outsourcing law

Lawyers and firms in the West have questioned the “quality” quotient of legal jobs outsourced to India. The skepticism is not ill-founded. The legal offshoring industry is still in a nascent stage and there is a dearth of professionals and paralegals specially trained to cater the needs of the American law firms. However, the highly-profitable nature of the business and demand for jobs with higher disposable incomes among the youth of India has spurred the industry to churn out institutes providing specialized training for work in the LPO industry. Every year, Indian law school produce 80, 000 English-speaking lawyers. The potential is immense.

One of the allurements for the law firms in the West is the “timezone factor”. LPOs in India have the benefit of turnaround time while serving their clients in the US / Europe, as the clients can review the work in the morning while the Indian professionals work through the night time in the West.

The New York Law Journal, a widely subscribed journal among American lawyers, said in an article released in one of its recent issues: “outsourcing legal work to India is no longer a novelty. It’s a reality.” The positive feedback given by the companies having outsourced work to India has made many other firms receptive to the idea, and that includes companies in the Fortune 500 list.

This is a win-win situation for everyone.