Developing technology, budget-conscious customers and novel ways of doing business have unlocked the door for a complete new class of legal professional in the era called Legal Process Outsourcing. Over the past, the legal industry has witnessed a worldwide growth in the legal sector. This new change popularly known as legal process outsourcing (LPO), meaning transferring the done by in-house attorneys, law firm paralegals and legal work of the Corporate to outside vendors mostly located overseas. The increasing popularity of outsourcing legal work is due to the fact that law firms and corporate legal departments prefer to outsource legal jobs rather than getting it done in-house so as to save cost, increase flexibility and grow their in-house competencies. When done for the right reasons, outsourcing actually helps your company grow and save money. Also it is important to note that outsourcing legal work to external vendors allows organizations to access high level talent and expertise that does not exist within the firm.
One of the most major advantages of outsourcing legal jobs is cost savings. Corporate sectors have realized that outsourcing can reduce the cost structures due to the wage difference between in-house legal resource and outside vendors as outsourcing can lead to huge cost benefits. Outsourcing proves advantageous to the employer as there is no need for law firms to provide resources engaged with employee benefits or office space for them to work, neither they need to provide office supplies or a secretary, as a result major part of the overhead costs is eliminated. For example, an in-house legal resource might cost around $150 an hour while a vendor attorney can do the same job with same expertise at fifty percent less cost. It should also be noted that if the same project is outsourced to offshore vendors, it can lead to even higher cost benefits as legal professionals earn comparatively lower wages when compared to employees in the U.S. and U.K. as the infrastructure costs in India and other overseas markets is also low. Many law firms based in US and UK are outsourcing in order to increase flexibility, reduce cost and expand their in-house capabilities.
Outsourcing legal projects can be defined as using a resource which is outside the internal operations of a business to manage things efficiently. Small law firms and solo law practitioners usually find themselves tied with a time-consuming major case that demands complete attention for a certain time period as a result other projects either get delayed. Outsourcing provides flexibility and cost savings over hiring additional staff to keep the firm up and running efficiently. Legal Process Outsourcing permits establishments to make use of great expertise that the in house resources of the firm do not possess. For example, a legal research firm that does not support resources in drafting or abstraction may outsource such projects to offshore vendors. It is particularly useful for small law firms and solo practitioners to fill in gaps in internal competencies. Legal outsourcing allows small firms to access global talent and expertise for completion of their projects. India and China have emerged as outsourcing centers and support highly-trained and motivated teams, ensuring quality output within a stipulated time frame. The costs involved in maintaining an outsourcing vendor is significantly less when compared to the costs for maintaining in-house employees.
As law firms and solo law practitioners are opting for new ways of conducting business, many law firms and legal employers are outsourcing legal work to offshore vendors so as to cope with projects overflow, making use of new expertise and are serving clients more cost-effectively.
Outsourcing legal work domestically or to overseas providers, known as offshoring, offers several key advantages. Outsourcing efficiently deals with project overflows and strict deadlines without the need of hiring extra staff and offer expertise not found within the four walls of the firm. Offshore vendors specialize in projects pertaining to drafting, abstraction, research, litigation support, legal writing, deponent summary, etc. and are committed to deliver quality output within a stipulated time frame.Regular training helps the professionals in keeping in pace with the changing trends of the legal industry. The Internet services, smartphones, computer-based legal research databases, advanced telecommunication systems and mobile expertise has made it possible to work from a remote location rather than a traditional law firm.
Complete Legal Outsourcing is an upcoming name in the legal outsourcing industry. They have been successfully catering to law firms and solo law practitioners with projects related to abstraction, research, content writing, drafting and data entry. They work 24X7 and provide their clients quality output within a stipulated time frame and that too for a very competitive price. The team at Complete Legal outsourcing maintains strict confidentiality of the data provided by the client thus posing no risk to the clients. Outsource your projects related to abstraction, research and drafting to Complete Legal Outsourcing and we promise quality output within a stipulated time frame.