Outsourcing Legal Services to India
Earlier the legal process outsourcing mainly focused on the transcription. The evolution of complex business ecosystems and emerging joint ventures has necessitated the need for a gamut of legal services centering on domains related to IPR, IP Processes and software licensing. According to the NASSCOM- CRISIL study, the legal process outsourcing industry in India that pitched at USD 356.5 million in FY 2010 is expected to soar to USD 1.3 billion by 2015.
Like the other verticals, the legal process outsourcing industry in India is moving along with global trends. The pattern of outsourcing has changed from engaging bigger firms to smaller and midsize firms for specialized services. Technical innovations like cloud computing have ushered in a whole lot of legal premises in terms of service level agreements and scope for accessing IT services. Furthermore, the recessionary trends have prompted more action on corporate compliances, litigation, and foreclosure thereby transforming LPO as one of the largest sectors under the knowledge process outsourcing domain.
Different Legal Services Outsourced to India:
Contract Review and Monitoring
Legal Documentation and Drafting
Benefits of Hiring Legal Experts from India:
Hiring legal experts from India ensures cost efficiency compared to the western counterparts.
Hiring legal experts from India ensures timely delivery as a result of a time zone difference.
Hiring legal experts from India ensures quality services as a result of a rich talent pool of qualified legal professionals well versed in laws of different jurisdictions.
Hiring legal experts from India ensures strict adherence to the international standards as the legal education in India is mostly in English.
Hiring legal experts from India eliminates the necessity for training.
Hiring legal experts from India ensures complete security and confidentiality of data as a result of rising awareness of the importance of Non- Disclosure Agreement.
Hiring legal experts from India ensures seamless integration of quality control mechanisms across the different legal functions.