Indian legal process outsourcing (LPO) outsourcing, market is evolving at break-neck speed: UK News Paper Reports
The Indian legal process outsourcing (LPO) industry In India is increasing with rapid speed. Economic Slump and economic slowdown in international markets seems like that’s it’s going to benefit at least this sector (Indian legal process outsourcing (LPO) in India BPO segment. Today UK National Newspaper reports that 10 out of 30 top law firms in UK have outsourced administrative or legal work to Indian outsourcing partner. So that’s for sure that India Indian legal process outsourcing (LPO) is set to grow despite of this economic slump in world due to cost cutting measures started by most of the leading law firm in many countries and for sure going to benefit Indian legal process outsourcing (LPO) market.
Ten of England’s top 30 law firms have outsourced back office functions or legal work to India, according to new research from RSG Consulting.
India now has its own “magic circle” of leading law firms with senior corporate lawyers earning incomes comparable with those of partners in medium to large-sized London firms. But, as the study notes, there is a dearth of experience and attrition rates are high.
A Big Breath of relief and Some Good news for BPO market:
Yes many Indian legal process outsourcing (LPO) firms can take big breath of relief that even after economic slump in world this segment is bound to grow, and there is no doubt that’s it will grow with high pace as Indian legal process outsourcing (LPO) provider’s have right and best talent to offer and better infrastructure to meet clients needs.
A word of Caution:
I know that the cost advantage Indian outsourcing Industry enjoys doesn’t seem set to disappear anytime in nearby future as we have best talents in world and we get about 80,000 English-speaking fresh law graduates pass out from Indian institutions every year but we need to keep a close eye on cost factor as well as union factor. Both can spoil industry. We need a proper recruitment procedure for all nw employees so that we can serve our clients in best manner. Secondly all the LPO guys especially people who is going to deal with legal work should go through proper security clearance and we also need more strict laws to safe this industry form any mischief’s.