Why Legal Process Outsourcing is a Master Stroke?

0
43
Legal Process Outsourcing

Facing some legal issues and want to hire a Legal Process Outsourcing professional? Well, hiring an LPO can be a masterstroke for the seekers seeking legal help in a developed country. We are well aware of the fact that legal services in such states are costly and can cost you more than your monthly income. That is why a lot of citizens from developed nations take help from outsourced professionals in India.

What is Legal Process Outsourcing?

LPO or Legal process outsourcing is quite popular in developed countries. It is a legal practice in which a corporation/ establishment seeks legal services from an outsourcing law firm or provider.

It is more prevalent in developed countries like the USA, Europe, and the U.K., where the corporate houses and establishments outsource legal professional from the less expensive and developing countries like India. By seeking outsourcing legal help; these corporate houses can save huge money that would cost them to hire a professional from their own country. For them, India is one of the best outsourcing countries. That is the reason behind the rapid development of the LPO sector and the keen interest of investors to enter this sector.

Concept of LPOs:

Legal process outsourcing is not a new concept and was initially started in the year 1950s. During those years LPOs were limited to patent filing only whereas today it is a diversified service used by various firms, establishments, entities and corporate situated in developed countries like the United States of America, the United Kingdom, Dubai, Singapore, etc. In such countries seeking lawyers, help is quite costly and they charge per hour. In order to avoid extra costs, various corporate prefer seeking legal advice from India. Further, the companies that receive the work provide it to the graduate Law employees hired by them.

Further, the work is carried out by the well proficient law graduates that complete it and send it to the foreign client. Online platforms and internet services work as the intermediates between the work professionals and clients. Once satisfied with the work, foreign clients pay these LPOs as per their fee structure.

This is how the whole process goes on. Now, let us understand what the benefits of hiring an outsourced professional are.

Advantages of Legal Process Outsourcing:

Legal industries across the world have experienced great developments in recent years. The most significant development is seen in the new model of Legal Process Outsourcing also recalled as LPO. It involves transferring the work of paralegals, attorneys, and other professionals to the well capable outsourcing vendors located overseas. Outsourcing legal tasks to overseas providers, also known as offshoring, have several advantages that are mentioned as follows:

  1. Cost-effective:

The most significant and advantageous aspect of seeking legal process outsourcing is that it can help you to save the right amount of money. The entities can beneficially reduce the cost of in-house authorized personnel by going for outsourcing professionals. Moreover, the outsource professionals are quite cheap then the in-house attorney. For example, in-house legal personnel may cost you around $150 an hour while you can go for an outsource professional at just $75 per hour.

Overseas outsourcing can even have a greater cost-benefit. Legal personnel in overseas countries like India, charge 30% to 40% less than the employees working in the U.K. and U.S. Moreover, the infrastructure costs in overseas countries like India are also lower as compared to developed countries. Additionally, the company does not has to pay any types of incentives, bonuses, etc. to the offshoring professionals.

  1. Acknowledging external talent:

Legal outsourcing allows the corporate to give a chance to highly talented experts of specific niches that do not exist within the entity. For instance, a litigation entity lacking in expertise support in document review and coding can outsource litigation support overseas at a low cost.  Acknowledging external talents can be quite beneficial when you are facing a specific problem that requires high expertise and knowledgeable professional.

  1. Reduced turnaround durations:

Hiring overseas LPOs can be helpful in reducing turnaround durations for the pressurizing legal projects. Working in a combination of both offshore and onshore teams can help in completing the legal task in a shorter time duration. For instance, a twelve-hour time difference between the countries U.S. and India can permit 24/7 operation in the entity if they hire LPO services from India. LPO team can prefer working throughout the night to complete the legal project by early morning.

  1. Good Communication Skills:

Offshoring or hiring LPOs overseas won’t create any communication bars because most of them are highly proficient and have good command over the English language. Some of them can also have knowledge of other foreign languages.

  1. Well experienced legal professionals:

Most of the LPOs team comprises of well experienced legal professionals that can provide great assistance in their specific niches. They have experience of dealing with a different client in different circumstances that is unable to find in an in-house legal professional who only works for your firm.

  1. Flexibility:

Working in a combination of outsourcing professionals and in-house personnel helps the entities to divide their workload as per their capabilities and demands of the clients. Such workflow challenges are more prevalent in small and middle-sized firms. Such small and middle-size firms may find difficulty in variability due to a lesser number of support staff, attorneys, and clients. Legal process outsourcing helps such firms to scale up the project or case and leveling the field with greater entities. Additionally, these firms can avoid the extra cost of in professional house salaries, incentives, and bonus without compromising with the work quality and efficiency.

  1. Not just for big firms:

Outsourcing technically means to use external resources to keep business activities smooth and running. Small firms usually have fewer numbers of employees. What if they are slammed with a time consuming major case? The whole staff has to get into it. Then who would be responsible for the other clients and their work? Outsourcing is the only way out to solve such problems. It provides flexible and cost-effective services to such small firms who cannot afford the additional staff to keep the work running smoothly and efficiently.

Conclusion: LPO services have become a sought-after option for various entities situated in a developed nation where legal services are very costly. Outsourcing is a masterstroke for them that allows them to higher, highly qualified, and expert professionals at lower prices without compromising with the quality work they provide. Not only knowledge and qualification, but these professionals also have good communication skills and are available to work at flexible timings without demanding bonuses or incentives.