Today, many organizations are seeking effective ways to
reduce their operating cost and focus more on core functions. And legal process
outsourcing (LPO) is gaining popularity in this regards.
LPO is a basically a process where lawyer transfers their
non-core tasks to external firms that have professional lawyers, paralegals, etc.,
that too at cost-effective prices. Recently a report cited by Novitex and ALA
(Association of Legal Administrators) stated that 55% of law firms in the US
entrust part of all their legal functions including document processing,
litigation support, patent applications, contract drafting, brief writing, and
e-discovery.
Here are the Following Factors Revealing the Need for Legal Process Outsourcing or LPO:
Cost Reduction: Cost –cutting is one of the biggest
advantages of legal process outsourcing as the law firms are usually pressurized to lower their
prices, thus, driving them to the direction of LPO. A study by 791 U.S stated
that 95.6% law firms go for offshore outsourcing services due to pricing
factor.
Access to Vast Talent
Pool: LPO gives law firms an access to legal professionals who have a niche
expertise and extensive experience in practicing law. Small law firms that
require support from external teams also stand to benefit from the LPO.
Flexibility:
External teams can expand in-house staff, enabling firms to address
fluctuations in workload and changing client demands more effectively. Small to
mid-sized law firms may experience more workflow challenges with limited
employees, but with LPO, small firms can compete with larger firms.
Faster Turnaround Time: Support from an offshore team can reduce the time for the law firms
to complete projects or launch new ones. It also gives them the manpower needed
to finish pressing projects without sacrificing quality or accuracy.
Efficiency and
Productivity: LPO enables the law firms to fully serve their clients
without incurring additional overhead costs or spending an excessive amount of
time performing administrative duties. It lets them invest their more time and
energy to the high-level decision-making process.
Do you want to reap the benefits of legal process outsourcing?
Let Legal Support World assist you! Email us at: info@legalsupportworld.com or
call us at: +1-646-688-2821 to explore your options.
