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LPO- Refuge during the US/ UK recession

Legal process outsourcing (LPO) is an effective and efficient way to reduce cost. Research shows that about 12% of the US / UK legal fees would be saved in paying for the related legal services since the LPO service providers feel compensated enough even without other perks and incentives involved. The major tasks undertaken in the LPO space constitute contract management, legal research, real estate, litigation support, intellectual property, and corporate governance. Outsourcing back office legal functions is greatly supported and highly considered by US/ UK small and midsized law firms. The cost-effectiveness of this LPO business has seen an...

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Need for the multilingual support in LPO– A demand of time Work can flow from non -English speaking countries

Legal process outsourcing (LPO) industry is growing exponentially. An essential factor for the growth in any segment or organization depends mainly upon the expansion of their service lines or introduction of new offerings for the clients being catered. Initially, providing diverse legal services was the main aim of the LPO service providers, but, with the passage of time, things have changed. Now additional benefits are being offered to the clients like on-shore support, proprietary technology platforms etc. Foreign language support is one of the nascent areas being catered in this category. LPO service providers initially offered minimal language support to their...

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Outsourcing of legal work is ethical

The New York Law Journal (NYLJ) dated August 24, 2011, has published an article –‘How to outsource legal work-ethically’ that clinically examines the ethical obligations of a US qualified outsourcing lawyer, who is interested in outsourcing a client’s legal work to a third party legal vendors including outside lawyers and non-lawyers such as legal process outsourcing companies. These ethical obligations are: clients consent; confidentiality, competence, unauthorized practice of law, and conflicts. NYLJ, quoting ‘2011 ABA Commission on Ethics report on legal outsourcing general guidance’, stated the following procedure to ensure compliance of the ethical obligations by a US qualified outsourcing lawyer: (i)...

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Global LPO Conference 2011 – Buyers and vendors meet

June 15 - 16, 2011. Hotel Hilton, New York City, New York, USA. An insight : • Highly interactive platform for Buyers and Vendors aiming to the maximize the business opportunities for the participants. • Client generation and networking. • Education, training and learning from the great stalwarts of the legal industry including eminent global lawyers, veterans and experienced general counsels. • Overcome the apprehensions of legal off-shoring related to cost, training, quality, security, ethics, agreements and control. • Participation in the product - specified, pilot - project execution processess. • Golden opportunity for the service vendors to demonstrate their products, win over the clients and enhance...

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UK law firms open its door to legal process outsourcing

A survey has been carried out by Legal Week which has come up with some surprising results. The following observations are noted in the survey: • Steep rise in the LPO penetration in the UK legal market: The survey showcases the amazing results related to the usage of LPO by the UK law firms. According to the survey, about 5% of the UK law firms had used LPO services in 2009 and this figure significantly rose to 15% in 2011.This is a very encouraging fact for the LPO industry which now envisions tapping the unexplored market in the UK. The survey...

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Canadian market finally opens to legal process outsourcing

The onset of LPO has finally begun in Canada. The Canadian businesses have now embraced the practice of LPO. The statics suggest that the revenue generated in 2010 was $ 640 million and this could reach to $ 4 billion by 2015. The cost of legal advice in India is minimal as compared to that in Canada. According to the Canadian Bar Association, an hour of legal advice cost around $ 200 Canadian Dollars as compared to $ 25 US in India which is as low as four times that of Canada. This huge price difference makes India a suitable destination...

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Initiative to curb the growing unemployment – LPOs hire American lawyers

This news has come with a surprise and a sigh of relief to the American lawyers. Indian LPOs are now creating jobs for the American lawyers. The American lawyers are hired both for running the U.S. operation (onsite) as well as for running the Indian operation (offsite). Accordingly, the American law firms and corporations are confidently sending their legal work overseas. Another major reason for hiring the American lawyers for managing LPO operation on site is because there are legal works which cannot be sent outside the US borders for security reasons, like writing and vetting export control documents, military contracts...

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Legal Process Outsourcing spread its wings across the globe.

With Australian firms starting to consider the opportunities provided by legal process outsourcing, LPO provider Fronterion predicts that 2011 will be a pivotal year for the development of the legal process outsourcing (LPO) industry worldwide. Some of the factors responsible for upward swing in LPO business in 2011 are enlisted below. • Continued downward pressure on costs and the globalization of legal services provide a perfect environment for LPO. It has arguably become the industry that can no longer be ignored in the current scenario. • Many foreign law firms have already started outsourcing legal work to Indian LPO houses as a...

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Global LPO Conference

The global LPO conference titled, “Examining Legal Outsourcing Strategies and Deciding What Fits Best for Your Company,” took place between February 14-16, 2011 at The Sentry Center in New York, NY. This conference was chaired by distinguished speaker like Mr. Michael D. Bell of Fronterion and speakers from organizations such as Chrysler Latin America, Integreon, Clifford Chance, Pfizer, Microsoft, Nokia, Milbank Tweed, Wilmer Hale, Shapiro Sher Guinot & Sandler, Hinshaw & Culbertson LLP, Wachtell Lipton Rosen & Katz, Kaye Scholer LLP and Mayer Brown. The conference covered a laundry list of LPO issues : - Understand your obligations as a legal professional when...

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Regulatory landscape for LPO in 2011

After several years, legal process outsourcing (LPO) has finally caught the attention of regulators around the globe. In the three main LPO markets – the United States, the United Kingdom and India – there is the potential for rule changes which could place outsourcing agreements under increased scrutiny or even have a material impact on the ability of law firms and companies to send legal work to external providers....

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