Press release
Legal Process Outsourcing Market to grow at 35% CAGR from 2017 to 2024
Fractovia.Org
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Rapid expansion of the industry is quite evident from its wide range of services which include E discovery, contract drafting, review & management, litigation support, patent support, and compliance assistance. LPO market from E- discovery will record an upward swing in the coming years owing to the growing trend of deploying digital systems in the business models. As per estimates, E- discovery service market is slated to register a shooting CAGR of 40% over the period of 2017-2024. Increasing preference for IP monitoring and legal research is providing a lucrative ground to patent support services segment.
Regionally, Europe witnesses a significant command over the global LPO industry. Strict regulatory norms by EU to promote onshore services along with growing European Corporations’ inclination toward this service is increasing the Europe onshore service market demand. The growing popularity of onshore based LPO market over offshore based can be credited to the shared regulatory structure on which this onshore based system works. While these mandatory roll outs in Europe is having a negative impact on the regional offshore service trend, on the other hand countries like Philippines, India, South Africa are observing a huge demand for offshore LPO market.
India legal process outsourcing industry is expected to grow exceptionally in the years ahead, driven by the easy and affordable availability of lawyers coupled with favorable governments initiatives such as FDI across the region.
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Top notch companies engaged in the global legal process outsourcing market include Integreon, QuisLex, Pangea3, United Lex, and Mindcrest.
Browse key industry insights spread across 120 pages with 67 market data tables & 20 figures & charts from the report Legal Process Outsourcing Market in detail along with the table of contents:
https://www.fractovia.org/news/industry-research-report/legal-process-outsourcing-lpo-market
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