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Legal Process Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • January 2022
  • Region: Global
  • IMARC Group
  • ID: 5530592
The global legal process outsourcing market reached a value of US$ 11.61 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 61.71 Billion by 2027, exhibiting a CAGR of 30.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor



Legal process outsourcing (LPO) is a practice adopted by a law firm or corporation to acquire legal support services from an offshore service provider. It increases the efficiency and quality of legal procedures and allows organizations to focus their in-house legal workforce on higher-value activities. It is supported using software tools and electronic discovery, which manages large data and reduces the time and cost incurred on legal work. Some of the widely offered services by LPO include agency work, document review, legal research and writing, drafting of pleadings and briefs, and patent services

Legal Process Outsourcing Market Trends:

The rising need for drafting agreements, contracts, meeting minutes, and letters for clients represent one of the key factors driving the market. Moreover, stringent cyber, tax, and intellectual property laws in several countries mandate companies to comply with industry standards. This, in turn, is propelling the growth of the market. In addition, there is an increase in the utilization of predictive analytic tools to reduce turnover time, integrate artificial intelligence (AI) tools with legal outsourcing services and improve business efficiencies of the financial firms. This, along with the growing focus of corporate organizations on core competencies, is positively influencing the market. Apart from this, there is an emergence of several outsourcing destinations for LPO with significant cost reductions. This, in confluence with the increasing awareness about the availability of virtual law assistants and law process automation, is contributing to the market growth. Furthermore, leading market players are currently undertaking several initiatives to acquire non-disclosure agreements and certifications. They are also focusing on building strong service level agreements (SLAs), which are projected to strengthen the growth of the market

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global legal process outsourcing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on location, services, organization size and end use industry

Breakup by Location:

  • Offshore
  • Onshore

Breakup by Services:

  • Contract Drafting
  • Review and Management
  • Compliance Assistance
  • eDiscovery
  • Litigation Support
  • Patent Support
  • Others

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by End Use Industry:

  • BFSI
  • Government
  • Automotive
  • Healthcare and Life Sciences
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Clairvolex, Clarivate, Cobra Legal Solutions LLC, Elevate Services Inc., Ernst & Young Global Limited, Infosys Limited, Integreon Inc., Lex Outsourcing, Mindcrest Inc. (DWF Group), Morae Global Corporation, QuisLex Inc. and UnitedLex Corporation

Key Questions Answered in This Report:

  • How has the global legal process outsourcing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global legal process outsourcing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the location?
  • What is the breakup of the market based on the services?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global legal process outsourcing market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Legal Process Outsourcing Market

What is the estimated value of the Global Legal Process Outsourcing Market?

The Global Legal Process Outsourcing Market was estimated to be valued at $11.61 Billion in 2021.

What is the growth rate of the Global Legal Process Outsourcing Market?

The growth rate of the Global Legal Process Outsourcing Market is 32.1%, with an estimated value of $61.71 Billion by 2027.

What is the forecasted size of the Global Legal Process Outsourcing Market?

The Global Legal Process Outsourcing Market is estimated to be worth $61.71 Billion by 2027.

Who are the key companies in the Global Legal Process Outsourcing Market?

Key companies in the Global Legal Process Outsourcing Market include Clairvolex, Clarivate, Cobra Legal Solutions LLC, Elevate Services Inc., Ernst & Young Global Limited, Infosys Limited, Integreon Inc., Lex Outsourcing and Morae Global Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Legal Process Outsourcing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Location
6.1 Offshore
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Onshore
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Services
7.1 Contract Drafting
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Review and Management
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Compliance Assistance
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 eDiscovery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Litigation Support
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Patent Support
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Small and Medium-sized Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Automotive
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare and Life Sciences
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Clairvolex
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Clarivate
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Cobra Legal Solutions LLC
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Elevate Services Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Ernst & Young Global Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Infosys Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Integreon Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Lex Outsourcing
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Mindcrest Inc. (DWF Group)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Morae Global Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 QuisLex Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 UnitedLex Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Legal Process Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Legal Process Outsourcing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Legal Process Outsourcing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Legal Process Outsourcing Market: Breakup by Location (in %), 2021
Figure 5: Global: Legal Process Outsourcing Market: Breakup by Services (in %), 2021
Figure 6: Global: Legal Process Outsourcing Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Legal Process Outsourcing Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Legal Process Outsourcing Market: Breakup by Region (in %), 2021
Figure 9: Global: Legal Process Outsourcing (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Legal Process Outsourcing (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Legal Process Outsourcing (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Legal Process Outsourcing (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Legal Process Outsourcing (Contract Drafting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Legal Process Outsourcing (Contract Drafting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Legal Process Outsourcing (Review and Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Legal Process Outsourcing (Review and Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Legal Process Outsourcing (Compliance Assistance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Legal Process Outsourcing (Compliance Assistance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Legal Process Outsourcing (eDiscovery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Legal Process Outsourcing (eDiscovery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Legal Process Outsourcing (Litigation Support) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Legal Process Outsourcing (Litigation Support) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Legal Process Outsourcing (Patent Support) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Legal Process Outsourcing (Patent Support) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Legal Process Outsourcing (Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Legal Process Outsourcing (Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Legal Process Outsourcing (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Legal Process Outsourcing (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Legal Process Outsourcing (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Legal Process Outsourcing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Legal Process Outsourcing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Legal Process Outsourcing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Legal Process Outsourcing (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Legal Process Outsourcing (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Legal Process Outsourcing (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Legal Process Outsourcing (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Legal Process Outsourcing (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Legal Process Outsourcing (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Legal Process Outsourcing (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Legal Process Outsourcing (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Legal Process Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Legal Process Outsourcing Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Legal Process Outsourcing Industry: SWOT Analysis
Figure 91: Global: Legal Process Outsourcing Industry: Value Chain Analysis
Figure 92: Global: Legal Process Outsourcing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Legal Process Outsourcing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Legal Process Outsourcing Market Forecast: Breakup by Location (in Million US$), 2022-2027
Table 3: Global: Legal Process Outsourcing Market Forecast: Breakup by Services (in Million US$), 2022-2027
Table 4: Global: Legal Process Outsourcing Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Legal Process Outsourcing Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Legal Process Outsourcing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Legal Process Outsourcing Market: Competitive Structure
Table 8: Global: Legal Process Outsourcing Market: Key Players

Companies Mentioned

  • Clairvolex
  • Clarivate
  • Cobra Legal Solutions LLC
  • Elevate Services Inc.
  • Ernst & Young Global Limited
  • Infosys Limited
  • Integreon Inc.
  • Lex Outsourcing
  • Mindcrest Inc. (DWF Group)
  • Morae Global Corporation
  • QuisLex Inc.
  • UnitedLex Corporation.

Methodology

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