The simple principle of thermodynamic explains how heat travels from a hotter body to a cooler body. The similar concept has been explained by gravitational theory as to how an object gets attracted from lower gravitational pull area to a higher gravitational pull area. All there principles are identical and similar to the principle of outsourcing. Outsourcing is also a result of the imbalance in the economies of countries i.e. the developed countries and developing countries. This imbalance further increases due to the difference in the currencies. The availability of qualified, skilled personnel in developing countries has always attracted jobs and work from the developed countries. This started with the BPO’s, which is no longer unknown to people. It is a well acquainted word with youngsters in developing countries. The BPOs worked with the cost saving factors. Most of the organizations, big business houses in the developed countries, in order to cut their cost have no other way except to outsource their work, which can or can be easily done by shifting their work to the developing countries. Medical transcription was the next to follow. The hospitals and doctors while finding no time to jot down the details of their patients and to maintain their records, hence, they ultimately needed to outsource the same. Soon there was a big growth in outsourcing activities in form of Knowledge Process Outsourcing. The growth of KPO also grew like anything in developing countries. No doubt this was the reason which guarded many big organizations from recession. As the organization felt the heat of recession their consultant were bound to feel the same. The consultants had no option but to cut down their prices. This was the reason which resulted into the birth of Legal Process Outsourcing. Of course outsourcing is not an innovation, it’s been only a modification of the old concept of asking people to come to developed countries. Today intelligent people wish to settle down in their country. No doubt the development of information technology played an excellent role whereby the work could be done online. The work could be outsourced and received back from developing countries in no time. The legal process outsourcing further grew with solicitors in developed countries finding cheaper and good options in the developing countries.
Wednesday, September 24, 2008
Monday, September 1, 2008
The Legal Process Outsourcing has brought geometrical changes to advocacy. It is the globalization which has brought LPO into focus. Somebody had rightly defined law as common sense. This hypothetical definition becomes clear when we look into Legal Process Outsourcing where lawyers of one country start working for other country. The barriers of different laws are shattered by knowledge, which no more remains confined to one country. The big solicitors firms like “Clifford Chance”, “Linklaters”, “Allen & Overy” are no more being confined to one country, they have opened their offices in Europe as well as in Asia.
Legal Process Outsourcing has brought excellent opportunities to the individual lawyers and law firms of countries like India. Individual lawyers can increase their earning by working as Freelancers or by joining LPO’s. Similarly law firms catering to the local needs of people have suddenly got excellent exposure by getting outsourced work from solicitor firms of USA & UK. This has brought drastic change to the legal profession in countries like India. The solicitor’s firm of USA & UK has also been stressed out under the work. At the same time the cost cutting also playa vital role in outsourcing legal work. It will not be out of place to mention that the day is not far when the economies of different countries will interact so fast to bring equalization of the currency differences and in turn the quality of services. The days are not far when the lawyers of one country will argue and contest cases in other country even without traveling to the said country. The advancement in information technology has catered to the growth of LPO industry. The benefit of cost saving on both ends and without loosing the quality has been the main allurement for the growth of LPO’s.