Research & Markets Says, LPO Market Will Hit $2Billion By 2012.
March 20, 2011
Research and Markets has released the 2010 Leading Providers of Legal Process Outsourcing report to their repertoire of offerings.
The legal process outsourcing or LPO across the world was valued at $400 million last year. By the year 2012, LPO is speculated to move up to the whopping $2.4 billion. The report is a combination of research done on customer satisfaction along with an evaluation of market activity. This represents a broad perspective of the outsourcing sector as it is today.
The features include the following: The results of the leading primary research project in the world deal with customer satisfaction along with outsourced services. An assessment of activity by industry, activity by region, service and industry in outsourcing worldwide.
According to the highlights of the report, most LPO users are content with the services offered by vendors. The room for growth in the LPO sector has caught the eye of providers in the BPO and KPO services. These are part of an inorganic growth model to facilitate setting themselves up n the LPO landscape.
Some of the key questions answered by the report include the Questions; Which LPO service providers offer the best customer satisfaction? The companies mentioned in the report include the following:
- American Discovery
- Clutch Group
- CPA Global
- SDD Global
The report also details which companies customers consider most useful for LPO services.
Incidentally, revenues from outsourcing LPO to India were expected to grow to $640 million toward the end of 2010. This compares to figures of $146 million in 2006. The LPO industry provided employment for 7500 individuals in India since 2006. By the end of 2010, that figure is expected to hit 32,000.
Research and Markets has also released a global outlook series on Legal Services. The Global Outlook is a collection of statistical examples, summaries, industry briefs of research.