Legal Process Outsourcing

Career prospects in legal process outsourcing:

India is set to achieve significant growth from its current share of 3-4 % to 6-7 % in the 250 billion dollar global market of legal process outsourcing by 2010. More than 200 top US Companies alone are looking for offshore locations towards achieving saving of 30-70 % by outsourcing legal work to India costing up to 80 percent less than the cost of using the services of American Law Firms. Major countries providing legal service market include USA, UK, France, Australia, South Korea, Japan, China etc.

Several International Law firms, legal departments of large corporations and also state and federal government agencies are increasingly outsourcing their legal work to India to reduce cost and increase efficiency. Preparation of pleadings, docketing proof reading, transcription of recorded documents, litigation, support and research, case studies and law firm marketing are various avenues of work that are being outsourced to India.

Advantage to India:

The advantage of the time zone, availability of English speaking attorneys and familiarity with common law doctrine attract foreign firms. Indian attorneys with US/UK qualifications are impressed not only by the labour cost differential, but also the quality and speed of work done. Most LPO outfits in India are reported to be staffed 24/7.

The LPO business will soon become a mainstream practice for many attorneys in India. Professionals with Indian Law degrees including paralegals, are assets to multinational law firms. Outsourcing helps the in house councel to concentrate on the core legal issues while outsourcing research and managerial tasks at effective costs.

Many Indian Law firms have opened up offshoots of LPO business to cater to International law firms. The average salary of an attorney working at an outsourcing centre is around 25000/- Rs.

No comments: