News » Legal Process Outsourcing to exceed USD40b target by 2024

Legal Process Outsourcing to exceed USD40b target by 2024

Global Market Insights Inc., a global market research and consulting service provider, projected that the Legal Process Outsourcing (LPO) market is set to exceed the USD40bn target by 2024 due to the increasing requirement for efficient legal departments to manage process-oriented and high volume legal work. Rapid increase in the cost of legal proceedings has led the companies to outsource these services with cost-efficiency as one of the major factors benefiting the LPO market landscape. Technological advancements using artificial intelligence have also contributed toward the significant revenue growth in the LPO market.

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Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

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Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.