Lpo : 2010 : The Challenges Ahead
With the Countdown for 2010 already ticking, it becomes more than necessary and desirable
to glance at the major events of the year passing by and to assess our preparedness for the year coming. This year 2009 is testimonial to a phenomenal growth in the offshore outsourcing of legal processes wherein majority of deals were with Indian vendors. Freshfields Bruckhaus Deringer, Linklaters, Slaughter and May, Osborne Clarke, Simmons and Simmons, Rio Tinto, Eversheds, Pinsent Masons are a few of the names in news for outsourcing their legal processes to offshore destinations in this year 2009. Infact as soon as they realized that offshore outsourcing is now the new level of globalization and the companys earlier who faced the question of whether or not to outsource were left with the only option to decide now when to outsource, the situation moved from a may-be to a must-be. The offshore outsourcing today is neither a desire nor an option rather it is the support system of all globalizing companies, of all who wish to grow in this ever integrating competitive world. As I often tell my friends in the industry, One can't do today's job with yesterday's methods and be in business tomorrow.
Since the legal department of most corporations is not a revenue generating department, it is always under constant pressure to cut upon costs and expenses. After big corporations and large-size law firms, the time is now right for the Solo practitioners, small-size law firms (less than 10 attorneys) and mid-size law firms (less than 50 attorneys) to begin with outsourcing their legal processes to offshore locations like India. Amidst their desire to cut upon the back-office costs, they will face low cost deliverable challenges from their competitors and pressure from their clients to provide similar services for lower charges. There is no alternative but to offshore.
Although Contract services, E-discovery and Paralegal support would dominate the outsourcing market, but a new market for Litigation Support is predicted to emerge and flourish in the upcoming year. Interestingly, solo practitioners, small-size and mid-size law firms together as a group constitute 90% of US and UK legal market and is also the group hardly outsourced to offshore destinations. Year 2010 would observe a new market wherein we would see US debt collection attorneys outsourcing preparation of Consumer Complaints, Briefs, and Motions for FDCPA, FCRA, FCBA and TILA violations, social security attorneys outsourcing preparation of FIT, research on GRIDS, De novo appeal before ALJ, bankruptcy attorneys outsourcing intake form fill up and entering of litigation information in Bankruptcy softwares, foreclosure attorneys outsourcing preparation of complaints, motion and briefs to offshore destinations like India.
Legal practice predominantly involves large amount of variety documents to be handled. The tedious and time consuming process of gathering the requisite information, completing the proper forms and preparing the necessary documentation, is something a practicing attorney can happily outsource. For instance, an average US Ba
To read the complete article, please refer the link:- http://lpowatch.blogspot.com/2009/12/legal-process-outsourcing-2010.html
by: jagriti mishra
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