Document Review and Litigation Support services comprise approximately 35% of the total offshored legal services revenues in India. Indian offshore revenues from legal services were $225 m for the calendar year 2007 and are expected to reach $640 m by the end of 2010. There are over 60 vendors in the Indian market offering document review services.
Document review makes up anywhere from 50% to 80% of the total litigation costs. Law firms and corporations are increasingly using outside service providers as a convenient and cost effective option for providing document review services.
Companies today are accumulating large amounts of data everyday. More data obviously means there is more information that needs to be reviewed in case of litigation.
While it is critical for an organization to preserve certain data, it is equally difficult to ascertain whether that data needs to be preserved or not. Reviewing enormous volumes of data is a tedious and time-consuming task. The need for compliance coupled with the scarcity of manpower in the US makes document review services an attractive opportunity for offshore legal service providers.
A critical component of the discovery process; document review includes reviewing, organizing, coding and synopsizing scanned documents in preparation for litigation or in connection with due diligence for a large transaction or as a risk management tool.
The report provides an analysis of the Indian vendor market in relation to document review. It also gives the perceptions of buyers on offshoring document review services.
The report is designed to help:
- Corporations, Law firms and Legal Staffing Companies looking to outsource/offshore - Outsourcing consultants to evaluate and compare the offerings of vendors - Offshored document review service providers to understand the offshore opportunity as well as assess their competitive environment - American and European corporations/law firms looking for Indian partners - Venture capital companies looking for investment opportunities - Researchers looking for detailed information on patent services outsourcing
