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Legal Process Outsourcing LPO Market to see Stunning Growth: (Key Players: CPA Global, Capita, QuisLex, Unitedlex, Clutch Group, American Discovery, Accace, Integreon, Cobra Legal Solutions, Infosys, E)

12-24-2019 03:07 PM CET | Politics, Law & Society

Press release from: Worldwide Market Reports

Legal Process Outsourcing

Legal Process Outsourcing

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.

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 organisations that desire working together with companies within the same country. Furthermore, subcontracting in the same country also delivers advantages such as shared regulatory framework.

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India legal process outsourcing market size will grow significantly from 2016 to 2027 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. Favourable 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.

The global Legal Process Outsourcing LPO market is valued at 4550 million USD in 2018 and is expected to reach 24100 million USD by the end of 2027, growing at a CAGR of 32.0% between 2019 and 2027.

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.

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 analyses 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 CPA Global, Capita, QuisLex, Unitedlex, Clutch Group, American Discovery, Accace, Integreon, Cobra Legal Solutions, Infosys, Evalueserve, Amstar Litigation Support

Market incumbents are emphasising on expanding their service portfolio and offering unique services at affordable costs. They are also launching new tools and adopting strategies such as target marketing in order to gain a competitive edge and strengthen their position in the industry.

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2019 to 2027. For the purpose of this study, Worldwide Market Reports has segmented the global legal process outsourcing market report on the basis of location, service, and region.

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Table of Content
1 Legal Process Outsourcing LPO Market Overview
2 Manufacturers Profiles
2.1 CPA Global
2.1.1 Business Overview
2.1.2 Legal Process Outsourcing LPO Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 CPA Global Legal Process Outsourcing LPO Revenue, Gross Margin and Market Share (2017-2018)
3 Global Legal Process Outsourcing LPO Market Competition, by Players
4 Global Legal Process Outsourcing LPO Market Size by Regions
5 North America Legal Process Outsourcing LPO Revenue by Countries
6 Europe Legal Process Outsourcing LPO Revenue by Countries
7 Asia-Pacific Legal Process Outsourcing LPO Revenue by Countries
8 South America Legal Process Outsourcing LPO Revenue by Countries
9 Middle East and Africa Revenue Legal Process Outsourcing LPO by Countries
10 Global Legal Process Outsourcing LPO Market Segment by Type
Continue . . .

About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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