Is the LPO Industry Inversely Proportional to Recession?
In the hue and cry of the economic downturn, there is a word that has a sweet ring all its own, the LPO. But how substantial is the exult? Litigation, compensation, claims and damages are neither Republican nor Democrat. Intellectuals have helped layman’s claim since civilization and the same will continue till humanity. Lawyers make money when it’s good time and they are richer by earning manifolds in bad times. The reason being that one recollects bad debt recovery in worst times to raise money and further because promises and obligations are breached the most in worst times. But is the same compatible to the LPO concept? The issue can be better appreciated by the economics concept of Demand Supply and Profit. Understanding the demand first, the US legal outsourcing hub can be segregated into big corporations and small firms. The needs of big corporations are huge and they have mostly settled down on captive units in countries like India and Philippines. Small corporations are still
In the hue and cry of the economic downturn, there is a word that has a sweet ring all its own, the LPO. But how substantial is the exult? Litigation, compensation, claims and damages are neither Republican nor Democrat. Intellectuals have helped layman’s claim since civilization and the same will continue till humanity. Lawyers make money when it’s good time and they are richer by earning manifolds in bad times. The reason being that one recollects bad debt recovery in worst times to raise money and further because promises and obligations are breached the most in worst times. But is the same compatible to the LPO concept? The issue can be better appreciated by the economics concept of Demand Supply and Profit. Understanding the demand first, the US legal outsourcing hub can be segregated into big corporations and small firms. The needs of big corporations are huge and they have mostly settled down on captive units in countries like India and Philippines. Small corporations are still
