India’s Legal (& Paralegal) Outsourcing to Grow 7% by 2010

See the latest prediction here:

"India is set to achieve significant growth from its current share of 3-4 per cent to 6-7 per cent in the 250 billion dollar global market of Legal Process Outsourcing, by 2010.

"According to the BPO Council of the Associated Chambers of Commerce and Industry (ASSOCHAM), more than 200 top US companies alone are looking for offshore locations towards achieving saving of 30-70 per cent.

"The Chamber says, ‘India is already known for its large and increasing pool of quality engineering graduates, many of who are being attracted to the patent services segment of legal BPO.’ Estimates report that by early 2006, there were over 400 professionals engaged in providing patent services such as literature searches, prior-art searches, technology and patentability assessment, patent claim mapping, etc, from India.

[snip]

"ASSOCHAM President Anil K Agarwal, while releasing the Paper said, the conservative estimates of the current addressable market potential for legal services, outsource-able from the US alone are pegged at 3-4 billion dollars.

"This comprises paralegal and research support, contract drafting and revising and contract management, library services, patent and trademark prosecution and litigation support, he said."

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