LPO Jugalbandhi – A Duet of Equals
As many of us try to do, I found some time to relax this weekend by listening to some music. I personally take a good deal of inspiration and get drawn into thoughts and ideas when listening to enjoyable music. My musical taste is varied, and in this particular instance I was able to find a few minutes to listen to Indian classical music. And now after the weekend, I’m looking back and I realize it took me down an interesting path of thoughts which I thought could be applied to our favorite subject – LPO and all types of outsourcing relationships in general. It was a jugalbandhi performance. It occurred to me that the jugalbandhi playing out on my player had some parallels with a particular supplier relationship issue I was grappling with. So what is jugalbandhi, and what relevance can it possibly have to outsourcing? Bear with me here, it made sense to me and I promise I’ll do my best to have it make sense for you… Read more
The offshore industry of India is plagued by different issues and we have discussed a lot of them in our previous discussions. The situation in not better yet and there is bleak chance that it will recover soon—a long-term potential and perspective is what industry experts are relying on. At the same time, legal process outsourcing (LPO) companies are hiring a good number of new professionals because of the demand of litigations services from the USA is on all-time high. It is calculated that by outsourcing their legal and litigation back-office work to Indian vendors, US companies can save about 70 per cent in costs, which is quite considerable and demands much analysis of the future of this industry.
What is the need of outsourcing—cutting costs involved in various business processes? Yes, it is true. The need of outsourcing is felt almost in all business processes and law related processes are also coming in its fold. Legal outsourcing is trying to become what everything else did—launch its potential to international market and reduce the involved costs.