In India, legal outsourcing work is increasing tremendously since the last few years. Indian LPOs generally outsource legal work for American and European clients. Some Indian LPOs also provide knowledge process outsourcing services with offshore legal services.
They perform law-based information searches such as litigation support, paralegal work, secretarial support, patent landscape reports, patent mapping, contract review, extraction of legal information for patent invalidation and due diligence. Indian LPOs preferentially provide high quality patent litigation services to European and American law firms.
The positive outcome of a patent litigation in terms of a huge amount of money could be used as a key financial support for the investment of that company. LPOs follow a multi-tiered process by conducting structured, goal-oriented teamwork with specialized attorneys and various subject matter experts.
According to an LPO report from Valuenotes (November 2009), India is a dominant offshore destination. Countries like the Philippines, South Africa are also leading the growth of LPO industries. Every year your income is increasing a lot.
Supporting factors for the growth of the LPO market in India:
1. Easy availability of legal professionals and subject matter experts in India.
2. Profitability is the main benefit for clients of Indian legal process outsourcing companies. Compared to outsourcing in the US and Europe, Indian LPO services are 40-50% cheaper.
3. The Indian legal system is very similar to the American legal system. Because both originate from the British legal system.
4. Offer high-quality work to clients.
5. Trustworthy agreements and confidential behavior of legal professionals are very helpful in enhancing your credibility with clients.
6. Indian LPOs contain better data security systems. Most companies are ISO certified for their effective data security management systems.
7. Better match of the India time zone with the US and Europe time zone, which is reflected in the better connectivity of Indian legal professionals with their foreign clients.
8. In India there is a large pool of IT graduates available with efficient English communication skills.
Difficulties for Indian LPOs
1. The growth of Indian LPOs depends solely on the growth of American and European law firms. Its recessionary period can also drastically affect Indian LPOs.
2. Seasonal fluctuations in the amount of legal outsourcing work, according to the requirements of foreign clients.
3. Lack of availability of Indian legal professionals to follow up and manage the reports submitted to foreign legal entities.
4. Strong competition from LPO startups in the Philippines, China, Russia, etc.
