Direct Tax Services
Select Your Location
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 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.
Table of Contents
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:
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.
Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.
Many investors use fixed deposits as their primary investment vehicle. Investors with a high-ri...
The main idea of CDS, which was initially to give banks a way to transfer credit exposure, has...
Black money has been the subject of heated political debate in India for a long time. Successiv...
The Apex Court pronounced a judgement in the case titled Tata Motors Vs The Brihan Mumbai Elect...
Since economies are moving towards digitalisation and making it feasible to conduct transaction...
The Alternative Investment Funds (AIFs) Pro-rata and Pari-Passu Rights Proposal Consultation Pa...
The Financial Action Task Force, i.e. FATF (the Force), is the global money laundering and terr...
Advance tax refers to the payment of the tax liability before the end of the relevant financia...
On 11.12.15, the Hon’ble Delhi High Court (HC) pronounced a landmark judgement in the case ti...
Money laundering can be defined as the process of illegal concealment of the origin of money ob...
Are you human?: 6 + 5 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The divorce/dissolution petition is filed in the court by a spouse who seeks a divorce. The filing spouse is called...
03 Aug, 2018
If you are going through some legal proceedings with regard to land acquisition, then you should know about the Lan...
15 Feb, 2019
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!