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Legal Process Outsourcing (LPO) - Global Market Trajectory & Analytics

  • ID: 2228041
  • Report
  • July 2020
  • Region: Global
  • 150 Pages
  • Global Industry Analysts, Inc
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Global Legal Process Outsourcing (LPO) Market to Reach $15.7 Billion by 2027

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.
Note: Product cover images may vary from those shown
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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

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