A Professor from the London School of Economics (LSE), Raja Mitra, who is a former World Bank executive has stirred a hornet’s nest with his suggestion that contrary to the hype generally created around India, the country’s share in the global offshore business is only 25%. The earlier McKinsey, NASSCOM, and Everest research estimate was 54%. Read more
In recent years, legal process outsourcing (LPO) has emerged as a sunrise outsourcing industry offering a huge potential cost savings for both law firms and corporations with large legal departments along with significant opportunities for outsourcing vendors and offshore locations. Read more
Notwithstanding the hype created over Legal Service Outsourcing (LPO), Value-Notes, a Pune-based consultancy in business intelligence and research recently published a survey of top US-Based law firms that revealed that nearly 50% haven’t heard about LPO; 36% think they do not require the service; 10% had tried and tested the model and did not find it suitable for their needs; while only a minuscule 4% declared they might use in near or distant future. Read more
One of the biggest challenges before Indian LPOs relates to data security. Read more
ALEXANDRIA, Virginia, June 18 /PRNewswire/ — Rio Tinto today announced that it has entered into a legal services outsourcing agreement with CPA Global that is projected to save Rio Tinto up to 20% annually in legal costs. Read more
Last month, a libel suit won in the US with the help of Mysore-based SDD Global Solutions became a watershed case for the fledging Legal Process Outsourcing (LPO) industry, making a new inflexion point in its growth. A bulk of the paper work for the litigation against HBO’s ‘Da Ali G Show’ was carried out in India. The back-end Mysore team of five lawyers was led by U.S. Attorney Russell Smith. And they won!
Legal Process Outsourcing (often abbreviated as LPO), is a section of the outsourcing industry that is gaining popularity quite fast. Read more
Legal Process Outsourcing, LPO is a growing trend among US and UK companies for the past couple years, now with the current global recession, business mergers and Bankruptcy filings accelerated the growth of LPO to countries like India, Philippians, South Africa, etc.
1. What is a business process? 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.