Our LPO trend predictions for 2017
The growth of legal process outsourcing means that more lawyers are contracting with foreign attorneys and legal support service to perform legal work, provided they abide by the applicable ethical requirements and regulations.
Cost Continues to be #1
Cost is a primary reason in-house legal departments are turning to LPOs instead of more traditional outside counsel. Those cost concerns will continue to grow in the year ahead, as more and more companies look to reduce their legal spend and streamline legal processes.
LPO Services Diversify
Although document review has been the driving force of LPO work, we’re seeing a broader range of services being offered. With the growth of litigation support evident, we could likely see it account for a major portion of LPO revenue in the next few years.
24 Hours A Day
Traditionally legal work has been outsourced to India, South Africa and the Philippines. But with operators offering resource creatures across the globe, coupled with a hybrid model comprising both onshore on offshore work, it’s become possible, efficient and cost effective to have work done 24 hours a day across multiple locations.