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Legal Process Outsourcing (LPO) Market 2019 Analysis by Current Industry Status & Growth Opportunities by Top Key Players (CPA Global, Capita, QuisLex, Unitedlex, Clutch Group, American Discovery, Accace, Integreon, Cobra, Infosys, Evalueserve etc.)
Legal Process Outsourcing (LPO) Market
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Global Legal Process Outsourcing (LPO) market size was 4550 million US$ and it is expected to reach 35900 million US$ by the end of 2025, with a CAGR of 29.5% during 2019-2025.
Legal Process Outsourcing (LPO) Market 2019 Research Report studies the current industry status, size, share, trends, growth opportunity, competition landscape and forecast till 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore this research report categorizes the market by companies, region, type and end-use industry.
India legal process outsourcing market size will grow significantly from 2016 to 2024 due to the presence of numerous English speaking lawyers whose incomes are lesser than those of their U.S. based counterparts. Indian service providers have also worked to address the necessary requirements to target UK and U.S. based clients.
Favorable government initiatives associated with the LPO market such as Foreign Direct Investment in 100% equity of the firm in LPO / BPO enables foreign companies to establish their subsidiaries as private limited companies with minimum liability over shared investment.
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.
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Key Companies Analyzed in this Report are:
• CPA Global
• Capita
• QuisLex
• Unitedlex
• Clutch Group
• American Discovery
• Accace
• Integreon
• Cobra Legal Solutions
• Infosys
• Evalueserve
• Amstar Litigation Support
• …
Market segment by Type, the product can be split into
Offshore Outsourcing
Onshore Outsourcing
Market segment by Application, split into
E Discovery
Patent Support
Litigation Support
Contract Drafting
Review Management
Others
In this study, the years considered to estimate the market size of Legal Process Outsourcing (LPO) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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Major Points Covered in Table of Contents:
1 Legal Process Outsourcing (LPO) Market Overview
2 Global Legal Process Outsourcing (LPO) Market Competition by Manufacturers
3 Global Legal Process Outsourcing (LPO) Production Market Share by Regions
4 Global Legal Process Outsourcing (LPO) Consumption by Regions
5 Global Legal Process Outsourcing (LPO) Production, Revenue, Price Trend by Type
6 Global Legal Process Outsourcing (LPO) Market Analysis by Applications
7 Company Profiles and Key Figures in Legal Process Outsourcing (LPO) Business
8 Legal Process Outsourcing (LPO) Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Legal Process Outsourcing (LPO) Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source
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The growth becomes far more difficult when one faces challenges like managing excessive work and cost due to time constraint. It is all the more difficult and challenging for the solo- practitioners and small law firms, who always look forward to grow their practice and make a new big family.
What is the biggest hurdle...Time Management & Lack of Funds!!!
The concerns which take birth due to these hurdles:
• Rejection of any new…
