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Legal Process Outsourcing (LPO) is a business model in which legal services are outsourced to a third-party provider. It is a cost-effective way for legal departments to manage their workloads and reduce costs. LPO providers offer a range of services, including document review, legal research, contract drafting, and litigation support. The services are typically provided by experienced lawyers and other legal professionals.
LPO is becoming increasingly popular among law firms and corporate legal departments. It allows them to focus on core legal services while outsourcing non-core tasks to a third-party provider. This helps to reduce costs and improve efficiency. Additionally, LPO providers can provide access to specialized legal expertise that may not be available in-house.
Some of the leading companies in the LPO market include UnitedLex, QuisLex, Integreon, Pangea3, and CPA Global. Show Less Read more