Legal Process Outsourcing (LPO) is a relatively unknown concept among the
illegal community. As soon as a person hears the word LPO, his mind automatically aligns with
the well-known concept of BPO. Pictures of call centers full of teenagers roaming the phone in
the form of American accents across. LPO and BPO are similar in concept. But in terms of
executions and titles, the LPO is a completely different country.
Legalraasta is an industry leader in law enforcement operations with more than a decade of experience working with reputable CA / CS companies in India and working abroad. We understand that time is money and that every moment is important in the legal industry. Working with a trusted legal partner, legal aid, and secretarial services free you from focusing on your core business and will save you up to 30% on the cost of doing it indoors. After reviewing your specific needs, our team will integrate a comprehensive combination of coastal services at our offices in New York City, NY, and Pennsylvania, PA, or at sea in one of our two delivery centers.
The LPO was growing rapidly in India. Many overseas legal firms prefer Indian law firms for cost-cutting services. This has made India attractive in the legal profession. It also provided newly trained law degrees to prove their worth and get them back on track. The Indian LPO sector requires an increase in various services, specifically documents reviews, official publications, contract services, etc.
It is not as straightforward to set up an LPO and work with freshers as other
outsourcing firms. Without expertise, the difficulty of terminology, time management, and team alignment
could trouble lawyers. So, a comprehensive analysis has to work like a pro. That is the mechanism where
their work is outsourced by in-house legal teams, private law firms, and organizations from various
geographical areas to reduce the strain.
Legal Process Outsourcing operates with a professional mix of forensic, technological, and legal skills. In nature, it needs deep confidentiality such that the client’s sensitive data must not be leaked for any reason. The convenience and efficacy of the specialist service provider is the primary cause of outsourcing legal practice. Technology has reduced the time and distance of distinct geographical boundaries that enable legal firms to establish strategies at a global level to provide effective support systems.
The LPO services include agency work and services, such as appearances in court and
face-to-face negotiations, that involve physical presence. Agency job, document analysis, legal research
and writing, preparation of pleadings and briefs, and patent services are the services that are most
widely provided. The scope of work that you will have to do when working in an LPO varies from high-end
legal analysis and writing briefs, memorandums, and commercial contracts to support work for litigation,
such as work
relating to evidence and first-level review of records.
It is not as straightforward as it seems and is a difficult task to pick a legal service provider. A correct partner always allows the company to succeed and, thus, any mistake in choosing the outsourced partner will lead the company to a problem, so choose wisely. Check out some tips for choosing the right legal partner as we list:
Each organization has distinct business requirements and therefore hires a partner after determining its particular business needs. Look for the potential lawyers’ expertise and check if she/he can be important for your company.
When trying to find business process outsourcing companies to outsource your legal
process, check the potential partners’ site. search for their expertise and finalize accordingly.
Moreover, a face-to-face meeting with the managers to urge all queries answered is important. Check
the website to seem for previous accomplishments, in order that reliability isn’t a priority.
Getting clear with all the above, you’re assured of choosing the right outsourcing partner.
A time-taking and painstaking task is research and legal drafting and will keep the in-house lawyers busy. It is important to outsource the legal drafting and analysis process in order to use the in-house expertise effectively so that the internal resources for business development projects are accessible. Some companies still believe that recruiting interns and freelance lawyers will work, but it is a safer choice to have a trustworthy company to look after all operations for a long time.
Doing document review requires a large workforce to effectively execute tasks. This is because document analysis includes deposition summaries, document coding, and many other repetitive procedures to be done, where a large workforce is necessary. Hiring the same, however, can be very expensive for the company, which not all businesses can afford. The company does not outsource document analysis, keeping its workers busy with mundane tasks, hampering the core growth. Though, when a company outsources the same, it saves company price and assures quality work, as a team of specialists performs the task.
Again, contract administration is a monotonous job, so there is hardly any time left for other constructive functions after looking through all the contracts and working through them. This is why businesses are searching for reliable outsourcing firms to free them to concentrate on other business-intensive activities. Outsourcing helps to maintain a quality check on contract drafting and scrutiny and even ensures positive control afterward such that quality deprivation is never a concern.
Here are several key advantages gained by using an LPO service and these
advantages include the following:
Corporate legal divisions could seek to see out internal legal SDT choices like shared services or technological developments for “core” legal services. Instances of those sorts of solutions contain corporate representation also as Mergers and acquisitions pursuits. For legal processes considered as core services, legal divisions can always search for ways to outsource particular aspects. As an example, albeit patents and trademarks are a core aspect of the business, there could be transactional constituents that subsist within these procedures which will be outsourced.
Outsourcing unique’ non-core’ transactional solutions, such as document analysis,
contract management, and paralegal assistance, maybe contemplated by legal departments. In doing so,
legal divisions have also had to determine whether these facilities and their associated procedures
are properly suited for such a changeover. For legal procedures thought of as non-core services, a
legal outsourcing company offers decreased costs and improved assets. Procedures that require
minimum professional know-how or perhaps are considerably more transactional in nature are usually
outsourced most frequently. Technology may additionally play a neighborhood within the legal process
outsourcing companies ’ approach to acquiring efficiencies within these sorts of non-core legal
While evaluating which legal services could also be outsourced, legal procedures are usually broken up into 5 different sections.
The main factors for gaining, maintaining, and keeping both new and current customers
are confidence and optimistic metaphor of the business. Legal matters are very sensitive as the details
exchanged by the clients should be carefully managed by the legal institutions with confidentiality. In
addition, clients select a trustworthy lawyer and hand their case over.
Offshore legal process outsourcing allows law firms to provide better service by enhancing their competitiveness and operational efficiency in such scenarios. As it helps them to concentrate on their core legal aspects and satisfy the demand of their client. Legal professionals are fearful of losing their jobs, as it has been reported that 79,000 legal jobs located in the U.S. will move overseas in 2015.
Offshore legal process outsourcing companies have highly trained practitioners who work vigorously as needed, allowing law firms to concentrate more on understanding the client’s case and strengthening relationships with them.
It is necessary for the organization to see whether or not the outsourcing of legal work would be successful for it. The same can be checked through the following steps:
It is possible to verify the actual cost of the outsourcing as a total percentage of a company’s operating costs. Cost analysis may be conducted in the form of pie charts or other analytical instruments to equate the cost of outsourcing with all other business costs.
It is important that the outsourcing work of the company continues to monitor the market environment and other businesses and ensure that it gets value for money. Business models and pricing continue to evolve from time to time, and the most recent trends need to be taken care of.
Through outsourcing legal work, the organization will check how much money it saves. The contrast can be made by assessing the cost of having legal work in the home country with the amount of outsourcing work being spent. The organization may also settle on the outsourcing of the legal work in parts rather than the whole job. It is possible to take this decision by determining the maximum cost savings associated with a project. A company can then outsource the portion in which maximum cost savings can be made. Later, if the organization to which the task has been outsourced is satisfied with the outcome, larger projects may be outsourced to make greater cost savings.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.