Pros and cons of Legal Process Outsourcing and the Indian scene
Legal process outsource to India has become popular for many reasons and India is regarded as the best destination for outsourcing of this kind. Indian service providers offer legal support in the forms of research, document reviews, drafting of documents, making applications for patents and various paralegal and administrative tasks.
Pros of Legal process Outsourcing:
Legal Process Outsourcing primarily gained currency as a cost effective measure.The law firms in the U.S employ attorneys who expect a payment of at least 250 dollars for their work. If the same were outsourced to India, it would mean a saving of 50 to 80 % of the costs.
Confidentiality is indispensable for certain legal work. However, some tasks are less sensitive which lawyers elsewhere are very willing to perform for a lesser pay. These lawyers are very better qualified than their counterparts in America. Many legal firms and large corporations in America realize this advantage.
- Outsourcing has enabled legal firms and corporations in America to concentrate on their core business rather than worry about less important aspects of their activities.
- In countries like India, a new class of people has risen, well qualified and well paid (compared to people in other services). The purchasing power of this new class is very high. They go in for goods that are manufactured in America. Thus, the market for American goods has expanded. While many Americans feel that outsourcing is taking away jobs from them, they stand to gain in a more subtle manner.
The Indian advantage:
Apart from offering the above advantages, India is the most sought outsourcing destination for the following reasons too.
India offers a stable political and economic stage that is conducive to growth of the LPO industry
India is geographically located in a time zone that is distinct to that of America and Britain. This enables India to offer round the clock legal support to those countries.
- The education system in India places emphasis on English speaking. It is the preferred medium of instruction in many law schools in the country, a factor most suited to for gaining employment in a LPO.
- The Indian Constitution was inspired by the legal systems of the U.S and U.K. Hence, the Indian lawyers and graduates have a good understanding of the legal systems of the two countries.
Technologically too, India has made rapid strides. Service providers here can make use of the advanced means of communication and high-class infrastructure Research of legal aspects for document reviews using high quality e-discovery tools is possible.
Cons of Legal Process Outsourcing:
Despite these benefits, certain aspects of LPO have come in for criticism.
Real costs of outsourcing to India...Read More
Rea costs of Outsourcing to India ...Read More