Legal process outsourcing market to hit USD8.6bn by 2020
Over the next six years, the global legal process outsourcing (LPO) market is forecast to reach USD8.6bn by 2020, according to Orbis Research. Among the key driving force for the market are cost effectiveness through outsourcing non-core legal activities and higher resource utilization, the report added. Major offshore locations include India, the Philippines and South Africa. Law firms in the US and UK outsource business to domestic markets or emerging markets of Asia Pacific. According to the report, offshore outsourcing to countries such as India provides advantages in terms of cost saving, and tasks such as IP processes, document analysis and legal research are commonly outsourced there.
