Home > Professional Services > Legal Process Outsourcing (LPO) Market

Legal Process Outsourcing (LPO) Market Size

  • Report ID: GMI179
  • Published Date: Jun 2021
  • Report Format: PDF

Legal Process Outsourcing Market Size

Legal Process Outsourcing (LPO) Market size exceeded USD 8 billion in 2020 and is expected to grow at over 22% CAGR from 2021 to 2027. High demand for precise legal assistance at affordable costs is likely to drive the industry growth

 

The high cost of legal services in Europe, the U.S., and the UK will boost the LPO market demand. Rising number of businesses and law firms in these regions are outsourcing their legal work to countries that provide these services at affordable prices. These services are gaining popularity among corporate legal firms and law firms aiming to reduce their operational costs and focus more on their core businesses & competencies.

 

Legal Process Outsourcing Market

To understand key trends  
Download Free Sample
 

Outsourcing legal tasks aid in cost savings while ensuring high-quality services are offered by experienced law professionals. For instance, India’s legal services are comparatively low-priced and cost up to 70% less than U.S. legal firms. As businesses focus on maximizing profitability, the demand for these solutions will augment the market revenue.

 

The legal industry has gone through cost pressures, layoffs, and budget cuts over the period of one year, resulting in a change in the dynamics of the global market. The growth in the legal process outsourcing (LPO) industry as compared to the past few years has slowed down temporarily. Several LPO companies found that their infrastructure was not well equipped or optimized to handle the shift to work-from-home.

 

The pandemic encouraged the companies to adjust their technology for allowing employees to securely access resources from their homes. Communication channels made a significant difference in the impact of pandemic on the legal process outsourcing market. As law professionals were adapted to working from one space, in-person communication was easy and simple. The pandemic enforced companies to optimize traditional channels to have seamless communication and other operations.

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Legal process outsourcing industry size reached USD 8 billion in 2020 and is anticipated to expand at a 22% CAGR through 2027 with increasing demand for precise and affordable legal assistance.

The e-discovery market in the U.S. is likely to grow at a 25% CAGR up to 2027 led by robust demand for affordable e-discovery services that accelerate the review and analysis of electronically stored information (ESI).

Asia Pacific legal process outsourcing market captured over 55% revenue share in 2020 and will expand due to the growing number of law firms in Europe and North America outsourcing their legal services to offshore companies.

India legal process outsourcing industry share could expand at a 27% CAGR through 2027 driven by the growing number of highly qualified lawyers specializing in various legal sectors and possessing fluent English speaking skills.

Legal Process Outsourcing Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Base Year: 2020
  • Companies covered: 20
  • Tables & Figures: 208
  • Countries covered: 19
  • Pages: 230
 Download Free Sample