What is LPO and what are its Advantages?
Posted on | August 5, 2009 | No Comments
Various sort of work is outsourced these days to several Asian countries as internet has made it easy to assign work internationally. BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing) have become popular throughout the international market. Legal Process Outsourcing is one such field of KPO that has become very popular these days. In this field, a legal practice law firm assigns its legal work to the third party as it saves their time and effort. This outsourcing of the work is thus called Legal Outsourcing.
Initially the work was limited merely to some low-end work such as transcription but a much greater potential has now been found in this field with the increase the technology. Today the work has expanded to several tasks that are specialized such as legal research, library services, creating pre-litigation document, consultation, application drafting, analysis, and several other works of the law firms. In fact, in the recent times, LPO has turned out into a full bloomed profession for the offshore lawyers, attorneys and the law firms.
The field can be divided into two broad divisions based on the skills and the specialization: The low-end skill tasks that are quantitative and the high-end tasks which are qualitative. Paralegal services, legal coding, corporate secretarial services, legal memo development, transcription, document management, data entry are all low-end tasks. Whereas, intellectual property rights, patent search and application drafting, trade mark and copyright registration and legal research are all high–end tasks.
The outsourcing of the legal work helps the law firm in saving nearly 50% of the law firm expenses and not only this but all also saves time invested in low-end tasks.
All these kind of work is handled efficiently by the offshore companies in India as they can offer several benefits in terms of:
Quality
India has several well qualified professionals who can perform the work with much greater perfection in English. Also, they are qualified enough for carrying out legal services as they are well trained. Therefore, the work done will be much more accurate and as per expectation.
Low cost- it is an established fact that the work allotted to India is much cost effective then doing that same work in the home country. This enables a law firm to save nearly 50% of the expenses.
Experienced Lawyers
India has some of the most qualified lawyers who have very good knowledge of documentation and the laws. They can properly understand the legal language and hence interpret the work appropriately.
Safety of data
the Indian companies makes sure that the outsourced data is kept secured. There are several security features used by the Indian companies and hence this technological advancement has also led India to become a trustworthy offshore partner for legal outsourcing work.
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