Legal outsourcing, also known as legal process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company (LPO provider). When the LPO provider is based in another country, the practice is called offshoring and involves the practice of outsourcing any activity except those where personal presence or contact is required, e.g. appearances in court and face-to-face negotiations. When the LPO provider is based in the same country, the practice of outsourcing includes agency work and other services requiring a physical presence, such as court appearances. This process is one of the incidents of the larger movement towards outsourcing. The most commonly offered services have been agency work, document review, legal research and writing, drafting of pleadings and briefs, and patent services.
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The onshore legal process outsourcing market is anticipated to witness high growth over the future, as it is considered a comparatively safer alternative in comparison to outsourcing offshore. It offers benefits such as shared regulatory framework, which streamlines the business processes. It is a profitable option for organizations that desire working together with companies within the same country. Furthermore, subcontracting in the same country also delivers advantages such as shared regulatory framework.
India legal process outsourcing market size will grow significantly from 2016 to 2024 due to the presence of numerous English speaking lawyers whose incomes are lesser than those of their U.S. based counterparts. Indian service providers have also worked to address the necessary requirements to target UK and U.S. based clients. Favorable government initiatives associated with the LPO market such as Foreign Direct Investment in 100% equity of the firm in LPO / BPO enables foreign companies to establish their subsidiaries as private limited companies with minimum liability over shared investment.
In 2018, the global Legal Process Outsourcing (LPO) market size was 4550 million US$ and it is expected to reach 35900 million US$ by the end of 2025, with a CAGR of 29.5% during 2019-2025.
This report focuses on the global Legal Process Outsourcing (LPO) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Legal Process Outsourcing (LPO) development in United States, Europe and China.
The key players covered in this study
CPAGlobal
Capita
QuisLex
Unitedlex
Clutch Group
AmericanDiscovery
Accace
Integreon
CobraLegalSolutions
Infosys
Evalueserve
AmstarLitigationSupport
Market segment by Type, the product can be split into
Offshore Outsourcing
Onshore Outsourcing
Market segment by Application, split into
E Discovery
Patent Support
Litigation Support
Contract Drafting
Review Management
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Inquire More About This Report @ https://www.researchmoz.us/enquiry.php?type=E&repid=2223331
The study objectives of this report are:
To analyze global Legal Process Outsourcing (LPO) status, future forecast, growth opportunity, key market and key players.
To present the Legal Process Outsourcing (LPO) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Legal Process Outsourcing (LPO) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
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ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
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For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
Download PDF Brochure for Latest Research Study: https://www.researchmoz.us/enquiry.php?type=S&repid=2223331
The onshore legal process outsourcing market is anticipated to witness high growth over the future, as it is considered a comparatively safer alternative in comparison to outsourcing offshore. It offers benefits such as shared regulatory framework, which streamlines the business processes. It is a profitable option for organizations that desire working together with companies within the same country. Furthermore, subcontracting in the same country also delivers advantages such as shared regulatory framework.
India legal process outsourcing market size will grow significantly from 2016 to 2024 due to the presence of numerous English speaking lawyers whose incomes are lesser than those of their U.S. based counterparts. Indian service providers have also worked to address the necessary requirements to target UK and U.S. based clients. Favorable government initiatives associated with the LPO market such as Foreign Direct Investment in 100% equity of the firm in LPO / BPO enables foreign companies to establish their subsidiaries as private limited companies with minimum liability over shared investment.
In 2018, the global Legal Process Outsourcing (LPO) market size was 4550 million US$ and it is expected to reach 35900 million US$ by the end of 2025, with a CAGR of 29.5% during 2019-2025.
This report focuses on the global Legal Process Outsourcing (LPO) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Legal Process Outsourcing (LPO) development in United States, Europe and China.
The key players covered in this study
CPAGlobal
Capita
QuisLex
Unitedlex
Clutch Group
AmericanDiscovery
Accace
Integreon
CobraLegalSolutions
Infosys
Evalueserve
AmstarLitigationSupport
Market segment by Type, the product can be split into
Offshore Outsourcing
Onshore Outsourcing
Market segment by Application, split into
E Discovery
Patent Support
Litigation Support
Contract Drafting
Review Management
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Inquire More About This Report @ https://www.researchmoz.us/enquiry.php?type=E&repid=2223331
The study objectives of this report are:
To analyze global Legal Process Outsourcing (LPO) status, future forecast, growth opportunity, key market and key players.
To present the Legal Process Outsourcing (LPO) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Legal Process Outsourcing (LPO) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ https://www.linkedin.com/showcase/13221461
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
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