Legal Process Outsourcing (LPO) Market Analysis by Top Key Players – Clutch Group, American Discovery, Amstar Litigation Support, Cobra Legal Solutions

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.

The report evaluates the figures of the global Legal Process Outsourcing (LPO) market and offers consistent forecasts as to the market’s growth prospects in the forthcoming period. The historical development trail of the global Legal Process Outsourcing (LPO) market up to 2018 is scrutinized in the report, lending accurate support to the analysis and estimations presented in the report.

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This report studies the Legal Process Outsourcing (LPO) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Legal Process Outsourcing (LPO) market by product type and applications/end industries.

Market Segment by Companies, this report covers, Clutch Group, American Discovery, Amstar Litigation Support, Cobra Legal Solutions, Infosys, Integreon, QuisLex, Cogneesol, CPA Global, Unitedlex, Evalueserve, Elevate Services, Thomson Reuters

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.

The global Legal Process Outsourcing (LPO) market is valued at 4360 million USD in 2017 and is expected to reach 21000 million USD by the end of 2023, growing at a CAGR of 30.0% between 2017 and 2023.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Legal Process Outsourcing (LPO).

Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

Market Segment by Regions, regional analysis covers
• North America
• Europe
• Asia-Pacific
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa

Market Segment by Type, covers
• Individual
• Type II

Market Segment by Applications, can be divided into
• Commerical
• Application 2

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There are 15 Chapters to deeply display the global Legal Process Outsourcing (LPO) market.
• Chapter 1, to describe Legal Process Outsourcing (LPO) Introduction, product scope, market overview, market opportunities, market risk, market driving force;
• Chapter 2, to analyze the top manufacturers of Legal Process Outsourcing (LPO), with sales, revenue, and price of Legal Process Outsourcing (LPO), in 2016 and 2017;
• Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
• Chapter 4, to show the global market by regions, with sales, revenue and market share of Legal Process Outsourcing (LPO), for each region, from 2013 to 2018;
• Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
• Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
• Chapter 12, Legal Process Outsourcing (LPO) market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
• Chapter 13, 14 and 15, to describe Legal Process Outsourcing (LPO) sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

Access full report Description, TOC and Table of Figure @: https://www.bigmarketresearch.com/global-legal-process-outsourcing-lpo-by-manufacturers-countries-type-and-application-forecast-to-2023-market

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