Global Legal Process Outsourcing Services Market 2017-2021

  • ID: 4144025
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Capgemini
  • Cobra Legal Solutions
  • HCL Technologies
  • Legal Advantage
  • NewGalexy
  • UnitedLex
  • MORE
About Legal Process Outsourcing Services

LPO is the process of procuring legal services from an external provider. The cost of legal proceedings is increasing at a progressive pace. The outsourcing of these services is of strategic importance for law and corporate firms to reduce their expenditure on legal matters. LPO offers access to legal expertise from different countries and builds their core competencies. It helps clients increase their operational efficiency, reduce time-to-market cycles, obtain access to fresh talent, and equip organizations with an economical cost structure.

The analysts forecast the global legal process outsourcing services market to grow at a CAGR of 28.67% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global legal process outsourcing services market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Legal Process Outsourcing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Clutch
- Infosys
- Integreon
- QuisLex
- UnitedLex

Other prominent vendors
- Capita
- Capgemini
- Cobra Legal Solutions
- CPA Global
- Exigent
- HCL Technologies
- Legal Advantage
- LegalBase
- Mindcrest
- NewGalexy
- Nextlaw Labs
- Wipro
- WNS

Market drivers
- Cost reduction and enhanced efficiency of legal processes.
- For a full, detailed list, view the full report

Market challenges
- Confidentiality and security issues.
- For a full, detailed list, view the full report

Market trends
- Alignment of legal services and procurement.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Capgemini
  • Cobra Legal Solutions
  • HCL Technologies
  • Legal Advantage
  • NewGalexy
  • UnitedLex
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
PART 06: Five forces analysis
  • Five forces analysis
PART 07: Market segmentation by services
  • Global LPO market by services
PART 08: Geographical segmentation
  • Global LPO market by geography
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 11: Market trends
  • Integration of predictive coding
  • Emergence of cloud computing
  • Ascent in the value chain
  • Alignment of legal services and procurement
PART 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 13: Key vendor analysis
  • Clutch Group
  • Infosys
  • Integreon
  • QuisLex
  • UnitedLex
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global LPO market 2016-2021 ($ billions)
Exhibit 02: Five forces analysis
Exhibit 03: Global LPO market by services 2016
Exhibit 04: Global LPO market by CMO 2016-2021 ($ billions)
Exhibit 05: Global LPO market by e-discovery services outsourcing 2016-2021 ($ billions)
Exhibit 06: Global LPO market by litigation support outsourcing 2016-2021 ($ billions)
Exhibit 07: Global LPO market by legal research outsourcing 2016-2021 ($ billions)
Exhibit 08: Global LPO market by review services outsourcing 2016-2021 ($ billions)
Exhibit 09: Global LPO market by IP technical support outsourcing 2016-2021 ($ billions)
Exhibit 10: Global LPO market segmentation by geography 2016 (% share)
Exhibit 11: LPO market in the Americas 2016-2021 ($ billions)
Exhibit 12: LPO market in EMEA 2016-2021 ($ billions)
Exhibit 13: LPO market in APAC 2016-2021 ($ billions)
Exhibit 14: Impact of drivers
Exhibit 15: Impact of challenges
Exhibit 16: Competitive factors for vendors to succeed in the market
Exhibit 17: Other prominent vendors
Exhibit 18: Clutch Group: Recent developments
Exhibit 19: Infosys: Recent developments
Exhibit 20: Integreon: Recent developments
Exhibit 21: QuisLex: Recent developments
Exhibit 22: UnitedLex: Recent developments
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FEATURED COMPANIES

  • Capgemini
  • Cobra Legal Solutions
  • HCL Technologies
  • Legal Advantage
  • NewGalexy
  • UnitedLex
  • MORE
New Report Released: – Global Legal Process Outsourcing Services Market 2017-2021

The author of the report recognizes the following companies as the key players in the global legal process outsourcing services market: Clutch, Infosys, Integreon, QuisLex, and UnitedLex.

Other Prominent Vendors in the market are: Capita, Capgemini, Cobra Legal Solutions, CPA Global, Exigent, HCL Technologies, Legal Advantage, LegalBase, Mindcrest, NewGalexy, Nextlaw Labs, Wipro, and WNS.

Commenting on the report, an analyst from the research team said: “One trend in market is emergence of cloud computing. Cloud technology has transformed the mode of outsourcing business processes. LPO solutions are hosted on remote infrastructure, which is managed by cloud providers, and categorized as business process as a service. Cloud-based LPO service providers help corporates and legal firms reduce costs through global LPO service delivery models. Cloud-based LPO provides many advantages such as cost reduction, reliability, scalability, and agility. Therefore, the global LPO market is expected to adopt this technology for its productivity improvement and business enablement. Vendors such as Wipro are providing LPO services with the help of advanced technologies such as cloud computing, domain expertise, and legal experts. NewGalexy, a provider of LPO services, provides contract and document management solutions to a cloud-based model for law firms and general counsel.”

According to the report, one driver in market is cost reduction and enhanced efficiency of legal processes. The reduced expenditure in lawsuits is one of the major factors that boost the adoption of LPO services. Legal firms are trying to minimize heavy legislation expenses by outsourcing their legal processes to LPO service providers. This will enable them to focus and invest more in their core business processes. The local expertise of outsourced locations cost relatively low, and LPOs give their clients access to this local low-cost expertise. Countries such as India and the Philippines produce a multitude of law graduates annually. This provides vendors with the domain expertise to provide high-quality LPO services to their clients.

Further, the report states that one challenge in market is conflict of interest. Projects taken under LPO need to undergo a thorough background check for issues that might affect the client. However, projects often get accepted without this check. These projects might give rise to a conflict of interest among the other clients of the firm and is a major challenge for the market. This can be overcome by maintaining efficient databases that list all attorneys that have made transactions with the firm. The issues that arise due to conflict of interest leads to immediate termination of the contract between the LPO service providers and their clients.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Clutch
  • Infosys
  • Integreon
  • QuisLex
  • UnitedLex
  • Capita
  • Capgemini
  • Cobra Legal Solutions
  • CPA Global
  • Exigent
  • HCL Technologies
  • Legal Advantage
  • LegalBase
  • Mindcrest
  • NewGalexy
  • Nextlaw Labs
  • Wipro
  • WNS
Note: Product cover images may vary from those shown
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