Why Consider Legal Process Outsourcing for your Law Firm?

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.