Amid the COVID-19 crisis, the global market for Legal Process Outsourcing (LPO) estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 18.9% over the analysis period 2020-2027. Patent Support, one of the segments analyzed in the report, is projected to record a 22.4% CAGR and reach US$6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the E-Discovery segment is readjusted to a revised 16.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 18.3% CAGR
The Legal Process Outsourcing (LPO) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 15.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.
Litigation Support Segment to Record 19.5% CAGR
In the global Litigation Support segment, USA, Canada, Japan, China and Europe will drive the 19.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$645.7 Million in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 150-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- American Discovery
- Amstar Litigation Support
- Cobra Legal Solutions, LLC
- CPA Global Limited
- Elevate Services Inc.
- Infosys BPM Ltd.
- Integreon, Inc.
- Lex Outsourcing
- Mindcrest, Inc.
- QuisLex
- SmithDehn India
- Thomson Reuters Corporation
- UnitedLex Corporation
- Wipro Limited
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude
Market Drivers
Market Challenges
Recent Market Activity
Current and Future Analysis
India: A Potential Laden Market
Patent Support Services Garner Larger Pie
A Snapshot of Global LPO Industry
Major Countries Involved in LPO
LPO Industry Flourishes
Global Competitor Market Shares
Legal Process Outsourcing (LPO) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
American Discovery (USA)
Amstar Litigation Support (USA)
Cobra Legal Solutions, LLC (USA)
CPA Global Limited (UK)
Elevate Services Inc. (USA)
Evalueserve, Ltd. (Switzerland)
Infosys BPM Ltd. (India)
Integreon, Inc. (USA)
Lex Outsourcing (India)
Mindcrest, Inc. (USA)
Morae Global Corporation (USA)
QuisLex (USA)
SmithDehn India (India)
Thomson Reuters Corporation (USA)
UnitedLex Corporation (USA)
Wipro Limited (India)
3. MARKET TRENDS & DRIVERS
Law Firms Increasingly Adopt Outsourcing Models
Larger LPO Pure-Plays to Play a Decisive Role
Major Trends in the Global LPO Industry
Geographic Perspective
Leading Offshore Destinations
India - A Key Destination for Offshore Legal Services
European Firms Increasingly Opt for LPO
China Seeks to Attract LPO Work
LPO Services in Philippines to Witness Expansion
Mauritius Emerges as New LPO Destination
Mauritian Outsourcing Industry
Industry Perspective
Changes in the Law Industry Transform LPO
Legal Administrative and Secretarial Functions Gain Grip
Complex Processes Added to Paralegal Outsourcing
Integrated Technology Enabled Solutions Revolutionize Contract and Litigation Processes
LPO Industry Witnesses Rampant Consolidation Activity
Negative Sentiments of US Policymakers Expected to Hurt LPO Industry
Legal Process Outsourcing to Restructure Law Practices Globally
Onshore Legal Outsourcing Also Popular with Large Companies
Hybrid Outsourcing Model Gains Prominence
Instability of Host Nation Keeps Law Firms on Thin Ice
LPO Hubs to Face Tough Competition from Onshore Rural Outsourcing Zones
Can Automation Sound the Death Knell for LPO Market
Law Firms Embrace Latest Technologies
ElevateNext - A New LPO and Law Firm Partnership Aims to Bring Down Corporate Legal Costs by 50%
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Legal Process Outsourcing (LPO) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Legal Process Outsourcing (LPO) Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Legal Process Outsourcing (LPO) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Patent Support (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Patent Support (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Patent Support (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: E-Discovery (Service Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: E-Discovery (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: E-Discovery (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Litigation Support (Service Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Litigation Support (Service Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Litigation Support (Service Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Contract Drafting (Service Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Contract Drafting (Service Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Contract Drafting (Service Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other Service Types (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Other Service Types (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Other Service Types (Service Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Legal Process Outsourcing (LPO) Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 19: United States Legal Process Outsourcing (LPO) Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 20: Legal Process Outsourcing (LPO) Market in the United States by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 21: United States Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
CANADA
TABLE 22: Canadian Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 23: Canadian Legal Process Outsourcing (LPO) Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 24: Legal Process Outsourcing (LPO) Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
JAPAN
TABLE 25: Japanese Market for Legal Process Outsourcing (LPO): Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 26: Legal Process Outsourcing (LPO) Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 27: Japanese Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
CHINA
TABLE 28: Chinese Legal Process Outsourcing (LPO) Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 29: Legal Process Outsourcing (LPO) Historic Market Analysis in China in US$ Million by Service Type: 2012-2019
TABLE 30: Chinese Legal Process Outsourcing (LPO) Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Legal Process Outsourcing (LPO) Market: Competitor Market ShareScenario (in %) for 2020 & 2025
Market Analytics
TABLE 31: European Legal Process Outsourcing (LPO) Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 32: Legal Process Outsourcing (LPO) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 33: European Legal Process Outsourcing (LPO) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 35: Legal Process Outsourcing (LPO) Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 36: European Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 37: Legal Process Outsourcing (LPO) Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 38: French Legal Process Outsourcing (LPO) Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 39: French Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 40: Legal Process Outsourcing (LPO) Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 41: German Legal Process Outsourcing (LPO) Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 42: German Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ITALY
TABLE 43: Italian Legal Process Outsourcing (LPO) Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 44: Legal Process Outsourcing (LPO) Historic Market Analysis in Italy in US$ Million by Service Type: 2012-2019
TABLE 45: Italian Legal Process Outsourcing (LPO) Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 46: United Kingdom Market for Legal Process Outsourcing (LPO): Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 47: Legal Process Outsourcing (LPO) Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 48: United Kingdom Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 49: Rest of Europe Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 50: Legal Process Outsourcing (LPO) Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 51: Rest of Europe Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 52: Legal Process Outsourcing (LPO) Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 53: Asia-Pacific Legal Process Outsourcing (LPO) Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 54: Asia-Pacific Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2012 VS 2020 VS 2027
REST OF WORLD
TABLE 55: Rest of World Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 56: Rest of World Legal Process Outsourcing (LPO) Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 57: Legal Process Outsourcing (LPO) Market in Rest of World: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027
IV. COMPETITION
Total Companies Profiled: 57
