| Everyone speaks about the LPO trends,projections | | | | by the Bombay High court, there is a pressure from |
| and predictions for 2010. According to Value notes | | | | US and UK to open up the Indian legal market. There |
| outsourcing research organization, 20% of the LPO | | | | are many questions being asked to the Indian legal |
| have withdrawn from the industry in the last two | | | | fraternity that if the Indian lawyers can practice foreign |
| years [1]. According to the 2010 LPO predictions by | | | | law being in India why the foreign law firms cannot |
| Integreon, the biggest LPOs will reach 500+lawyers | | | | practice their own law having offices in India. However, |
| working on document review, contract management, | | | | opening up the legal market for the foreign country |
| and due diligence projects and some smaller providers | | | | shall depend on the reciprocal basis. We need to look |
| will exit the market altogether [2]. | | | | at the respect given for Indian law firms and lawyers |
| Chicago based independent legal process outsourcing | | | | practicing in that country and the procedure involved in |
| advisory firm Fronterion states that leading LPO | | | | that and on the same basis India can open up its Legal |
| location,India will face competition from emerging | | | | market. |
| nations like South Africa and the Philippines [3]. It also | | | | As to the competition by other countries are |
| maintains that the India is currently the leading | | | | concerned, there are about 22,000 attorneys in South |
| geography for legal outsourcing with over 85 per cent | | | | Africa, about7,000 Lawyers in Sri Lanka and about |
| of offshore legal outsourcing [4]. | | | | 40,000 lawyers in Philippines. Out of these numbers of |
| Frankly speaking, India has not achieved a growth as | | | | lawyers, only few are into the legal outsourcing sector. |
| expected, but there are still hopes for the growth of | | | | They are mainly offering legal transcription services as |
| LPO in the country. As I said in my earlier blog the | | | | part of BPO services or as part of their law firm |
| success of LPO depends on the quality of service we | | | | services in that country. Since India has a large number |
| provide to the client and the client we work for. Size of | | | | of talented lawyers, India would retain more than 85% |
| the LPO does not matter. Even small LPO make huge | | | | of the legal outsourcing work worldwide and the work |
| revenue by doing legal research and corporate service | | | | on electronic discovery will increase two fold as the |
| work which may be equal to the revenue generated | | | | foreign companies require an early assessment of the |
| by the larger LPO's doing paralegal services. | | | | cases for their higher chances of winning and |
| Although the liberalization of the legal industry in the | | | | defending the cases. |
| country is on hold due to the recent judgment passed | | | | |