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Legal Process Outsourcing (LPO) - Market Analysis, Trends, and Forecasts

  • ID: 2228041
  • Report
  • February 2020
  • Region: Global
  • 107 Pages
  • Global Industry Analysts, Inc
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Legal Process Outsourcing (LPO) market worldwide is projected to grow by US$10.5 Billion, driven by a compounded growth of 20.7%. Patent Support, one of the segments analyzed and sized in this study, displays the potential to grow at over 24.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$5.3 Billion by the year 2025, Patent Support will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 23.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$331.9 Million to the region's size and clout in the next 5 to 6 years. Over US$486.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Patent Support will reach a market size of US$458.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.6% over the next couple of years and add approximately US$1.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • American Discovery
  • Amstar Litigation Support
  • Cobra Legal Solutions, LLC
  • CPA Global Limited
  • Elevate Services Inc.
  • Evalueserve, Ltd.
  • Infosys BPM Ltd.
  • Integreon, Inc.
  • Lex Outsourcing
  • Mindcrest, Inc.
  • Morae Global Corporation
  • QuisLex
  • SmithDehn India
  • Thomson Reuters Corporation
  • UnitedLex Corporation
  • Wipro Limited
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

2. FOCUS ON SELECT PLAYERS

American Discovery

Amstar Litigation Support

Cobra Legal Solutions, LLC

CPA Global Limited

Elevate Services Inc.

Evalueserve, Ltd.

Infosys BPM Ltd.

Integreon, Inc.

Lex Outsourcing

Mindcrest, Inc.

Morae Global Corporation

QuisLex

SmithDehn India

Thomson Reuters Corporation

UnitedLex Corporation

Wipro Limited

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: 2018-2025

TABLE 2: Legal Process Outsourcing (LPO) Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Legal Process Outsourcing (LPO) Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Patent Support (Service Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Patent Support (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Patent Support (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: E-Discovery (Service Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: E-Discovery (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: E-Discovery (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

TABLE 10: Litigation Support (Service Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 11: Litigation Support (Service Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017

TABLE 12: Litigation Support (Service Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

TABLE 13: Contract Drafting (Service Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 14: Contract Drafting (Service Type) Market Historic Review by Region/Country in US$ Million: 2009 to 2017

TABLE 15: Contract Drafting (Service Type) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025

TABLE 16: Other Service Types (Service Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 17: Other Service Types (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 18: Other Service Types (Service Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Legal Process Outsourcing (LPO) Market Share (in %) by Company: 2020 & 2025

Market Analysts

TABLE 19: United States Legal Process Outsourcing (LPO) Market Estimates and Projections in US$ Million by Service Type: 2018 to 2025

TABLE 20: Legal Process Outsourcing (LPO) Market in the United States by Service Type: A Historic Review in US$ Million for 2009-2017

TABLE 21: United States Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

CANADA

TABLE 22: Canadian Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 23: Canadian Legal Process Outsourcing (LPO) Historic Market Review by Service Type in US$ Million: 2009-2017

TABLE 24: Legal Process Outsourcing (LPO) Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

JAPAN

TABLE 25: Japanese Market for Legal Process Outsourcing (LPO): Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2018-2025

TABLE 26: Legal Process Outsourcing (LPO) Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 27: Japanese Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

CHINA

TABLE 28: Chinese Legal Process Outsourcing (LPO) Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 29: Legal Process Outsourcing (LPO) Historic Market Analysis in China in US$ Million by Service Type: 2009-2017

TABLE 30: Chinese Legal Process Outsourcing (LPO) Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

EUROPE

Market Facts & Figures

European Legal Process Outsourcing (LPO) Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analysts

TABLE 31: European Legal Process Outsourcing (LPO) Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 32: Legal Process Outsourcing (LPO) Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 33: European Legal Process Outsourcing (LPO) Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 34: European Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 35: Legal Process Outsourcing (LPO) Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 36: European Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

FRANCE

TABLE 37: Legal Process Outsourcing (LPO) Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 38: French Legal Process Outsourcing (LPO) Historic Market Scenario in US$ Million by Service Type: 2009-2017

TABLE 39: French Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 41: German Legal Process Outsourcing (LPO) Historic Market Analysis in US$ Million by Service Type: 2009-2017

TABLE 42: German Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

ITALY

TABLE 43: Italian Legal Process Outsourcing (LPO) Market Growth Prospects in US$ Million by Service Type for the Period 2018-2025

TABLE 44: Legal Process Outsourcing (LPO) Historic Market Analysis in Italy in US$ Million by Service Type: 2009-2017

TABLE 45: Italian Legal Process Outsourcing (LPO) Market by Service Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 47: Legal Process Outsourcing (LPO) Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2009-2017

TABLE 48: United Kingdom Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 49: Rest of Europe Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2018-2025

TABLE 50: Legal Process Outsourcing (LPO) Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2009-2017

TABLE 51: Rest of Europe Legal Process Outsourcing (LPO) Market Share Breakdown by Service Type: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 52: Legal Process Outsourcing (LPO) Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 53: Asia-Pacific Legal Process Outsourcing (LPO) Historic Market Scenario in US$ Million by Service Type: 2009-2017

TABLE 54: Asia-Pacific Legal Process Outsourcing (LPO) Market Share Analysis by Service Type: 2009 VS 2019 VS 2025

REST OF WORLD

TABLE 55: Rest of World Legal Process Outsourcing (LPO) Market Estimates and Forecasts in US$ Million by Service Type: 2018 to 2025

TABLE 56: Rest of World Legal Process Outsourcing (LPO) Historic Market Review by Service Type in US$ Million: 2009-2017

TABLE 57: Legal Process Outsourcing (LPO) Market in Rest of World: Percentage Share Breakdown of Sales by Service Type for 2009, 2019, and 2025

IV. COMPETITION

Total Companies Profiled: 57

Note: Product cover images may vary from those shown
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