Why Legal Process Outsourcing can never stop in India?

1. Why Legal Process Outsourcing can never stop in India? A global market flooded with corporate giants bring legal concerns along with them, which are handled by legal professionals. In countries like the US, UK, Singapore, and Dubai, the labor market with high wages tends to be costly for these MNC’s. Nowadays, these corporates prefer legal professionals working in countries like India for handling their legal matters. In India and other countries with inexpensive labor market, the legal work is done at a fraction of the cost. Such Legal Process Outsourcing Companies, residing in other countries, provide legal support services to the Corporates and Law firms across the globe As a full-fledged LPO, SKJ Juris provides high-quality and low-cost allied support services to attorneys, law firms and corporations. We specialize in providing Litigation support, Immigration support, Lease Abstraction services and Document Review Services while strictly adhering to the rules and confidentiality of our clients. Benefits of LPO ●Reduction in operating cost. ●Round the clock support. ●Better access to new talent. ●Focus on Core tasks of the firm. ●Reduce turnaround time. Why is it so popular? There are several reasons for the popularity of LPO but two of them completely overshadows others:- 1.Low cost. 2.Significant reduction in Workload. With a high amount of legal matters pending, it tends to increase the load on the Corporate’s in- house lawyers and Law firms which in turn leads to low productivity and consuming more time. Thus, LPOs are the best option for Corporates and Attorneys to reduce their workload and focus on their core objectives.LPOs provide a flexible, customized and expert legal outsourcing expertise with a significantly cheaper price tag. LPO market in India The major Indian key players in the LPO market provide class apart legal support services. It is estimated that the global LPO market size will reach USD 35.9 billion by 2025, expanding at a CAGR of 31.8% from 2019 to 2025, with India consistently being on the top spot of this market. Surging employee retention rate, low cost of real estate,large recruitment pool of multilingual candidates and expanding foreign investments are some of the reasons for the LPO market’s profitable business in India.

2. Opportunities in LPO in India With diverse work in LPO involving quantitative/low-skilled task, qualitative/skill-intensive tasks, research memoranda, legal transcription, drafting contracts, pleading and briefs provides a wide range of opportunities to those seeking a career in this field. LPOs are deft at handling legal tasks such as drafting legal reports, litigation support, patent filing, etc. which in turn has opened fresh job opportunities. With a booming LPO sector, it has become essential for law graduates to get familiar with the laws of different nations. This provides an extra edge over the competitors and thus several Law Colleges have started offering courses related to LPO with collaborating to the US and UK laws schools. Moreover, LPOs offer lucrative salaries-. that has changed the preference of a Fresh Law graduate to LPOs instead of traditional legal jobs and even lawyers are quitting these traditional jobs and entering the LPO sector. Conclusion To sum up, LPO has led a win-win situation for both the Corporates and Attorneys seeking for assistance and the LPOs providing such assistance. With high paying and vibrant jobs, improvement in law education, thriving growth and plenty of Job opportunities, this sector is playing a significant role in the Indian Economy and would stand firmly in the nation for the upcoming decades.