What is the future of the legal process outsourcing industry?
The LPO industry in India has invested significantly in systems and process to ensure data security-often to a greater degree than their overseas clients. The legal process outsourcing has been growing at a geometric progression growth rate. has been in geometrical progression. It has reached only to the level of 3% to 5% of the total estimated market. According to one of the latest surveys, it has been predicted that about 35,000 US lawyer jobs will move to low cost countries by 2010. At present, there are more than 15,000 professionals employed in various LPOs across India and it is growing. The LPOs which started with 4-10 professionals a year back have grown to the strength of 400. The service industry like BPO had multiplied significantly and similarly LPO industry is also passing through the same phase. The future of LPO can be visualized with the glance on the following facts: “79,000 US lawyer jobs to be outsourced by 2015. (Source Forrester incorporation). “LPO service provide
