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Jan26
Legal Process Outsourcing (LPO) in 2007, 2008: A note
An enlightening article (its no less than a small research paper) on LPO from Mark Ross, a UK solicitor and director of world’s leading legal process outsourcing (LPO) companies. The full article is here.

 

Some points:

 LPO-legal-process-outsourcing-2007-2008

  1. Throughout 2006 and 2007 the offshore legal outsourcing market also witnessed the entry of some of the world's largest Business Process Outsourcing (BPOs) companies together with a significant level of venture capital and private equity funding.
  2. Historically major law firms on both sides of the Atlantic achieved huge levels of profitability through leveraging their junior associates.
  3. If 2007 can be categorized as the year when the number of LPO players across India exploded and major law firms began to explore the labor arbitrage benefits available through outsourcing offshore, then the picture will start to change again in 2008.

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