Press release
Legal Process Outsourcing (LPO) Market Analysis by QYResearchReports: American Discovery, Infosys, Integreon, QuisLex, Cogneesol, CPA Global
Legal outsourcing, also known as legal process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company (LPO provider). When the LPO provider is based in another country, the practice is called offshoring and involves the practice of outsourcing any activity except those where personal presence or contact is required, e.g. appearances in court and face-to-face negotiations. When the LPO provider is based in the same country, the practice of outsourcing includes agency work and other services requiring a physical presence, such as court appearances. This process is one of the incidents of the larger movement towards outsourcing. The most commonly offered services have been agency work, document review, legal research and writing, drafting of pleadings and briefs, and patent services.
In 2017, the global Legal Process Outsourcing (LPO) market size was 4360 million US$ and it is expected to reach 33200 million US$ by the end of 2025, with a CAGR of 28.9% during 2018-2025.
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The legal process outsourcing market is growing at a rapid rate due to the growing demand to minimize costs by law firms and corporate legal departments to increase flexibility and expand their in-house capabilities. With the rising concerns related to legal expenses in countries such as the U.S. and UK, corporate firms seek to outsource certain legal proceedings through their legal representatives to cut costs. In addition, cost saving is the major attraction for western firms outsourcing their legal work to countries such as India owing to the affordability, efficiency and availability of skilled personnel.
Industry participants in legal process outsourcing (LPO) market include Clutch Group, American Discovery, Amstar Litigation Support Cobra Legal Solutions, etc. The players are focusing on offering higher-value services such as supporting compliance management. They are expanding their offerings beyond litigation and regulatory investigation support services to contract management to offer varied services to their customers. In addition, these industry participants concentrate on process, people and geographic capability and strategic alliances to gain prominence.
Table of Contents
Global Legal Process Outsourcing (LPO) Market Size, Status and Forecast 2025
1 Industry Overview of Legal Process Outsourcing (LPO)
1.1 Legal Process Outsourcing (LPO) Market Overview
1.1.1 Legal Process Outsourcing (LPO) Product Scope
1.1.2 Market Status and Outlook
1.2 Global Legal Process Outsourcing (LPO) Market Size and Analysis by Regions (2013-2018)
1.3 Legal Process Outsourcing (LPO) Market by Type
1.3.1 Individual
1.3.2 Type II
1.4 Legal Process Outsourcing (LPO) Market by End Users/Application
1.4.1 Commerical
1.4.2 Application 2
2 Global Legal Process Outsourcing (LPO) Competition Analysis by Players
2.1 Legal Process Outsourcing (LPO) Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Clutch Group
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Legal Process Outsourcing (LPO) Revenue (Million USD) (2013-2018)
3.2 American Discovery
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Legal Process Outsourcing (LPO) Revenue (Million USD) (2013-2018)
3.3 Amstar Litigation Support
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Legal Process Outsourcing (LPO) Revenue (Million USD) (2013-2018)
…
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