Engage Us 
India Advantage |
| India
has already established itself as the leading BPO
center of the world. This is because corporations
and companies are realizing the significant benefits
that outsourcing brings to their table, and many
are already reaping those benefits. Legal process
outsourcing is another function of the same. Here
again, India possesses certain advantages that place
it at the top for LPO services. |
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India has an independent judicial system that
closely resembles the British common law system. |
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English is the official language of Indian
courts |
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Attorneys are well versed in Common Law
doctrines |
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High percentage of specialists with degrees
from reputed US, UK law schools. |
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International quality standards |
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24x7 operations |
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Lower costs |
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About one-third of the registered professionals
currently provide patent services to European and
American end-customers, and this number is likely
to double by 2010. |
According to a recent study by Nasscom, a leading
Indian association of software and service firms,
MNCs, international law firms, publishing houses
and legal research firms are seeking specialized
legal knowledge processing services from India. |
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| Compelling Projections |
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A 2005 study
by Forrester Research, a technology and market
research company in Cambridge, Mass., predicts
that the value of legal outsourcing work to India
could rise from $80 million to $4 billion by 2015.
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Research firm Value Notes
Database Pvt. Ltd. reports that the legal off
shoring industry in India is growing almost 60-70
per cent a year. Currently it employs 1,800 people,
a number that will increase to more than 24,000
by 2010.The value of LPO business coming into
India by 2010 will be $600 million (13% of the
addressable market of $4.5 billion). |
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According to industry chamber
Assocham, India is set to achieve significant
growth from its current share of 3-4% to 6-7%
in the $250 billion global LPO market, by 2010.
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Nasscom notes that LPO can
fetch 79,000 jobs in India by 2015. Estimates
of current addressable market potential for legal
services that can be outsourced from the US alone
are pegged at $3-4 billion. It is estimated that
only 2-3 per cent of the potential market has
been tapped so far. |
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