Legal
Process Outsourcing is not a “fly-by-night” trend, it is a growing industry.
Law firms and legal professional are considering its benefits as an alternative
resources model to their traditional services. There are plethoras of
opportunities which get available to legal professional to grow their practice
and efficiency, when they opt for Outsourcing.
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.
Outsourcing
of legal and paralegal services means competitive advantage to the practice. It
gives more time to concentrate on supervision, appearing in the court,
negotiations, etc. which was getting hampered earlier because a lot of time was
getting spent on the tedious and repetitive tasks.
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.
About Draft n Craft:
Established
in 2008, Draft n Craft is a Legal Process Outsourcing Company with strong and
dedicated work force of professionals. Having established a brilliant track
record, Draft n Craft has been partners of growth to many of the law firms and
corporations in the UK and US. Draft n Craft's supreme focus has always been on
helping Attorneys deliver the best value to their clients by working on process
and technology optimization, and by devising ways to rationalize client's
operational spending.
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