On legal outsourcing the Worldwide spending has been estimated to be around $20 BN that means the Compound Annual Growth Rate of 8.1% (CAGR).
The growth of Legal Process Outsourcing space has been constant since the time it has started in the early 90s. Many big deals have been signed up between the UK law firms and Indian LPOs. The industry is enjoying recordable growth and very quickly expanding acceptance. The growth will be strong in the coming years as the massive promise of the industry has not gone unobserved.
The concept of LPO has reached at that stage where the services like Contract Outsourcing Solutions, Legal Research, Legal Transcription along with several Paralegal Services are getting outsourced to India from the UK. It helps them saving their cost along with access to highly skilled professionals in India.