Legal Process Outsourcing Market By Global Players: UnitedLex Corporation, Clairvolex, Clutch Group, Mindcrest, Epson UK Ltd, Legal Advantage LLC, Integreon, Infosys, Evalueserve, CPA Global, Pangea3 Legal Managed Services, QuisLex
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/179
Technological advancements in the legal process outsourcing market have contributed towards the significant revenue growth. AI (Artificial Intelligence) is an important tool for extracting valuable data enabling firms to concentrate more on client work through increased bandwidth resulting in efficient delivery of services with high accuracy levels. Rising demand for intelligent technology to obtain information from unstructured data along with understanding and reading it as a human is anticipated to propel the growth of AI in the legal process outsourcing market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. CPA Global
5. Pangea3 Legal Managed Services
7. UnitedLex Corporation
9. Clutch Group
11. Epson UK Ltd
12. Legal Advantage LLC
Legal Process Outsourcing (LPO) Market size is set to exceed USD 40 billion to grow at 35% CAGR estimation till 2024. Increasing requirement for efficient legal departments to manage process-oriented and high volume legal work is anticipated to drive the legal process outsourcing market over the forecast timeframe. Rapid increase in the cost of legal proceedings has led the companies to outsource these services. Cost-efficiency is one of the major factors benefitting the LPO market landscape.
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/179
The legal process outsourcing market size has gained significance in large enterprises, which have their own inhouse counsel and legal departments and is not only limited to law firms. These companies are seeking opportunities to secure their back-end services to provision their internal operations. This is a remarkable shift in the legal process outsourcing market, and determines how essential it is for organizations to evaluate their business processes, and recognize areas they need to outsource operations to confirm costs are minimized and process efficiencies are maximized.
The Philippines legal process outsourcing market share will be driven by the decreasing cost of legal services accompanied with the infrastructure which makes it an excellent offshoring destination. The onshore legal process outsourcing market is anticipated to witness high growth over the future, as it is considered a comparatively safer alternative in comparison to outsourcing offshore.
It offers benefits such as shared regulatory framework, which streamlines the business processes. It is a profitable option for organizations that desire working together with companies within the same country. Furthermore, subcontracting in the same country also delivers advantages such as shared regulatory framework.
Browse key industry insights spread across 120 pages with 67 market data tables & 20 figures & charts from the report, Legal Process Outsourcing (LPO) Market in detail along with the table of contents:
The security concern associated with the LPO model is anticipated to challenge the industry growth over the forecast timeframe. Major providers are addressing the confidentiality and security concerns by implementing globally standard certifications and processes, such as Six Sigma and ISO 27001.
E-discovery services are expected to grow at a significant CAGR of over 40% from 2017 to 2024. This growth is attributed to the rapidly growing usage of digital systems by businesses and outsourcing of electronic documents which contain an enormous amount of data and meta-data. For identifying and generating this information often proves to be troublesome for the in-house legal department. These operations aid in reducing the time consumed and are cost-effective.
The demand for patent support services in the legal process outsourcing market will witness significant growth owing to the rising inclination towards IP monitoring and legal research for better cost efficiency. This is done to deliver intellectual property portfolios of the clients to guide them on any possible infringements or threats.
The onshore legal process outsourcing market size will flourish over the forecast timeframe. This is due to rising demand from various law firms and European corporations’ inclination towards services to be provided onshore, rather than offshore. Increasing operational cost in South Africa and India coupled with altering European Union (EU) data protection laws are also limiting the types of services which can be offshored which is further escalating the demand for onshore services.
Industry participants in legal process outsourcing (LPO) market include ADEC Innovations, Bodhi Global Services, Clairvolex, Clutch Group, Cobra Legal Solutions, CPA Global, Epson UK Ltd, Exigent Technologies, Evalueserve, Infosys, Integreon, Legal Advantage LLC, Lexplosion Solutions, QuisLex, Pangea3 Legal Managed Services, Mindcrest, and UnitedLex Corporation.
Browse Related Reports: https://www.gminsights.com/industry-analysis/contact-center-software-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Legal Process Outsourcing Market By Global Players: UnitedLex Corporation, Clairvolex, Clutch Group, Mindcrest, Epson UK Ltd, Legal Advantage LLC, Integreon, Infosys, Evalueserve, CPA Global, Pangea3 Legal Managed Services, QuisLex here
News-ID: 1460998 • Views: 349
More Releases from Global Market Insights, Inc.
Transfer Switch Market report 2019; General Electric, Vertiv, Generac, Kohler, C …
Caterpillar, DynaGen, Briggs & Stratton, Eaton One of recent precedents that made for interesting debates across the electrical space is that of the transfer switch market behemoth, Schneider Electric SE, declaring its decision of purchasing ASCO Power Technologies. The latter, a perpetually important player in transfer switch industry, has established quite a name in this business space, having accounted for an annual revenue of more than USD 465 million in 2016.
Distribution Transformer Market Revenue & Growth Analysis By Top Manufacturers - …
Primarily augmented by the massive refurbishment of aging electric networks, distribution transformer market has lately been witnessing a slew of innovative tech advancements. The exponential demand for transformers has been observed to be directly proportional to the requirement for uninterrupted power supply across the globe. As modern methodologies such as smart monitoring and control distribution units (CDUs) observes an exponential rise, so does the demand for transformers, which would eventually
Dry Type Transformer Market 2019 | Top Players are ABB, Siemens, GE, Raychem, To …
Dry Type Transformer Market is expected to surpass USD 9 billion by 2024. Ability to offer efficient noiseless operations coupled with economical cost structure will propel the industry growth. Expansion of low and medium voltage renewable networks along with applicability across underground substations will boost product penetration. The technology finds wide application across industrial establishments due to its lower toxicity over other conventional counterparts. Thereby, increasing demand for sustainable units
Hybrid Solar Wind Market Revenue & Growth Analysis By Top Manufacturers - Alpha …
High urge for reliable power supply along with strict legislations to curb the release of GHG in the atmosphere will push hybrid solar wind market growth. Moreover, favorable government policies encouraging the use of renewable energy along with strict regulation executions for reducing power consumption is expected to positively influence the industry growth. According to a report by Global Market Insights, Inc., “Hybrid solar wind market value is forecast to
More Releases for Legal
Legal certainty - quo vadis?
Clear instructions provide certainty and direction. They also prevent misunderstandings. Sounds logical, doesn’t it? And if something is unclear, we simply leave it out or make a detour around it – which is certainly what the current method of dealing with some conformity regulations appears to be like at least. What sounds absurd is the sad truth in the electronics industry: different interpretations between manufacturers, notified bodies and authorities have
ESP: Current legal issues
Recent legislative approvals: measures for budgetary stability and competitiveness. After several quarters of slow recovery, the Spanish economy became intensely vulnerable to deterioration in the euro zone and plunged back into recession during 2011. Through the R.D. Law 20/2012, July 13, (B.O.E. 14/07/2012), relating to measures to guarantee the budgetary stability and promote the competitiveness, the Central Government seeks to recover the path of stable economic growth in Spain. Among the measures
ESP: Current legal issues
Recent legislative approvals: The reform of the Spanish Labor Market. The expected Spanish labor market reform has been approved through the R.D. Law 3/2012, February 10th, relative to urgent measures for the Reform of the Labor Market. Among its main measures, includes the following: - Changes in the individual dismissal: the dismissal severance passes from 45 to 33 days of salary per year worked, with a maximum of 24 monthly payments. - Changes in collective dismissals
legal process outsourcing
Aeren LPO India’s leading legal process outsourcing services provider, take a pride in providing a very Cost effective, High Quality, Secure, Technology Enabled and Process Efficient Legal Outsourcing Services as “One Stop Shop”. Our goal is to serve as an extension of our clients’ legal departments and Law firms for all their corporate and litigation needs. Our focus is to built deep & long-term strategic relationships with our clients by acting
Legal Transcription Outsourcing – Benefits
Outsourcing of legal transcription offers a lot of benefits. Indeed, this is one of the reasons why it has become a popularly sought-after solution. Law firms, legal research firms, legal publishing firms, governmental departments, banks, large corporations and insurance companies require legal transcription solutions on a regular basis. Legal transcriptionists transcribe legal pleadings, court transcripts, briefs, law office recordings, subpoenas, interrogatories, private and public enquiries, subpoenas, cases of the criminal
Legal Transcription for Businesses
In the business sector, there is significant concern for litigation matters. Reliable and quality legal transcription services can greatly enhance business operations. Legal transcription services cover all areas such as construction, corporate, employment and employee benefits, criminal, civil rights, energy, entertainment, environment, healthcare, immigration, insurance, intellectual property, Internet/E-commerce, real estate and more. Services that Meet all Your Legal Processing Needs Legal transcription services help to accurately process all types of legal