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Legal outsourcing is also referred to as Legal Process Outsourcing (LPO). It refers to the practice of a law firm or corporations for attaining legal support and their services from a law firm or legal support services company (LPO provider) based outside. When the LPO provider is based out at another country then it is called offshoring. It involves the practice of outsourcing any activity except those where personal presence or contact is required. It may be appearances in court and face-to-face negotiations. When the LPO provider is functioning in the same country, the major part of the job is to look into agency work and other services which requires a physical presence, like that of a court. The most commonly offered services are agency work, document review, legal research and writing, drafting of pleadings and briefs and patent services.
This process initially started in the 1950s[1] and was only limited to Patents. After that, firms began to contract certain services to back door firms. Through this process of legal process outsourcing, law professionals can help their clients by getting their work done at a lower coast and ultimately attaining profits. The process reduces the risk by standardizing the legal work in a project-oriented manner. The process of LPO work is commonly found in India and is a fast-growing industry.
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The legal process outsourcing in India concept is based on the division of labor principle, prevalent in law firms. It has various time consuming and onerous processes like due diligence which are delegated to paralegals, document reviewers or interns. This allows the firm to address the legal issues, which arise on a daily basis while being able to streamline productivity.
The following are some methods by which the process can be initiated:
Legal outsourcing is growing popular as law firms and corporate legal departments.
Some of the major reasons for expansion are:-
In foreign countries like the United Kingdom, United States of America, Singapore, Dubai, Lawyers charge a lot of money on an hourly basis just to get their work done. In order to reduce the working costs, many corporates send out their legal work over to India. Here, the cost of labor is law and the work can be done in the fraction of the cost. The Indian companies in who receives this kind of work allot them to law graduates hired by them. These law graduates complete the required work and sends the finished documentation to the client abroad. The medium to exchange work communicate with clients is via an online platform. Upon satisfaction of the work completed, LPOs get paid by the foreign client.
LPOs require law graduates having a specific skill set:-
The work LPOs is done online with the help of specialized software. As a rule, Legal Process Outsourcing in India units does not work either on Indian laws or for Indian clients. Bar Council of India does not allow them from doing so. The lawyers have to work on matters relating to foreign laws. They majorly involve drafting various documents. It is solely based on templates, document reviews, proofreading documents, Company checks, various legal research and compliance related to various laws.
With LPOs growing in India, they have started having a negative impact on the legal field. Some of the issues are as follows:
LPOs industry in India is still at its budding stage. Nevertheless, there is a huge scope of expansion and growth in the industry. Many job opportunities may arise in the future years to come and end the global financial crisis.
Annual growth of 200% is being predicted by the LPO firms in India majorly due to recession-related litigation. In some areas of practice, like that of a real estate, it has had drastically collapsed majorly because of recession. In some areas such as litigation, document review, and corporate compliance have gained various heights which resulted in business directing to LPO firms in India.
Outsourcing has been technically defined as using resources from outside the internal operations of a business which aims to keep things running smoothly. Particularly, small firms with limited working capital find it difficult to manage cases and getting g their focus drained in handling them. Outsourcing provides the flexibility and cost savings benefit. They can utilize the savings to hire resources to work on their core expertise. To know more about Legal Process Outsourcing in India, Contact Enterslice.
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