Compelling question raised by this India Financial Express article, but we're not sure its background facts are correct: "Although there are no accurate estimates of the size of the sector in India, what is certain is that only a small percentage (2-3%) of the global demand has been tapped. For instance, in the US alone, the legal sector is estimated to be worth $166 billion, employing...
Well, this is an interesting article from the IndiaTimes: "BANGALORE: Quite a lot is being said about the enormous opportunity in legal process outsourcing (LPO) for India. But research and analytics services company Evalueserve has, in a recent report, said that the opportunity is more hype than reality. It says only 1.2% of the legal and paralegal jobs would be offshored from the US to...
This topic has been addressed here before -- & undoubtedly will be again -- but it's a key subject to watch as the scope of outsourced legal work continues to be defined. See today's article, Legal outsourcing - bubble or reality?, from the Economic Times (publication of Indiatimes): "Legal outsourcing is different from any other knowledge process outsourcing in a fundamental sense. In...
Outsourcing legal work is now a reality. Yes, hourly rates for legal work overseas are quite a bit lower than in the U.S. And several law firms report excellent results. But not all firms or corporate legal departments have taken the leap, despite the cost savings. This article, A Smaller Legal World, explains some of the reasons why. To what extent are paralegals being impacted by outsourcing?...