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Legal Process Outsourcing Market Analysis By Location (Offshore Outsourcing, On-Shore Outsourcing), By Service (Review and Management, Compliance Assistance, e-Discovery, Litigation Support, Patent Support) And Segment Forecasts, 2014 - 2024

Published: Dec, 2016 | Pages: 94 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global Legal Process Outsourcing (LPO) market is expected to reach USD 27.19 billion by 2024, according to a new report by Grand View Research, Inc. Outsourcing legal activities allows organizations to manage workforce and time efficiently and helps them to focus completely on core business operations, which are responsible for revenue generation.

Countries such as India, South Africa, and the Philippines, which are popular destinations for LPO, have a significant time difference between Europe and the U.S. This time difference helps in providing a continuous workforce, whenever required.The cost of legal services in markets such as India is far lesser than that in North America. The per hour outsourcing costs in India is estimated to be as low as USD 10, which is expected to considerably boost the savings.

Additionally, outsourcing work to offshore locations ensures continuous operations since they follow 24-hour work cycles, thus ensuring the completion of a time-consuming work with high efficiency. In November 2008, Wall Street Journal quoted that around 79,000 legal jobs based in the U.S. are expected to be moved offshore by 2015. As the allocated tasks are usually repetitive, LPO providers work with set protocols and Key Performance Indicators (KPI) in place. LPO firms utilize low-cost workers and automated software as well asupdate repetitive tasks that involve significant documentation and paperwork.

Further key findings from the report suggest:

Offshore outsourcing is expected to grow at a CAGR of over 30% from 2016 to 2024, owing to the increased demand for these services in India and the Philippines

Litigation support is anticipated to gain prominence, accounting for over 20% of the revenue share by 2024, as most of the firms hire outside consultants for expert investigative litigation support in order to win high profile cases

Some of the key players in the legal process outsourcing market include Axiom Law, Elevate Services Inc., Pangea3 LLC, UnitedLex Corporation, and IntegreonInc.

In order to strengthen the foothold in the market, a majority of LPO providers are maintaining their physical presence in the U.S. along with back offices in the Asia Pacific region 
 Table of Contents
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Market Snapshot 3.1 LPO - Market Snapshot &Key Buying Criteria, 2014 - 2024 Chapter 4 LPO Industry Outlook 4.1 Market Segmentation &Scope 4.2 LPO Market Size and Growth Prospects 4.3 LPO - Value Chain Analysis 4.4 LPO Market Dynamics 4.4.1 Market Driver Analysis 4.4.1.1 Cost efficiency 4.4.1.2 Effective utilization of resources 4.4.2 Market restraint analysis 4.4.2.1 Confidentiality risk 4.5 Industry Analysis - Porter's 4.6 LPO Company Market Share, 2014 4.6.1 Company market share analysis, 2014 4.7 Penetration &Growth Prospect Mapping 4.8 LPO - PESTEL Analysis Chapter 5 Market Categorization 1: Location Estimates & Trend Analysis 5.1 LPO Market Share by Location, 2015 & 2024 5.2 Offshore Outsourcing 5.3 On-shore Outsourcing Chapter 6 Market Categorization 2: Service Estimates & Trend Analysis 6.1 LPO Market Share by Service, 2015 & 2024 6.2 Contract Drafting 6.3 Review and Management 6.4 Compliance Assistance 6.5 E-discovery 6.6 Litigation Support 6.7 Patent Support 6.8 Other LPO Services Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis 7.1 LPO Market Share by Region, 2015 & 2024 7.2 North America 7.2.1 North America market by location, 2014 - 2024 7.2.2 North America market by service, 2014 - 2024 7.2.3 U.S. 7.2.3.1 U.S. market by location, 2014 - 2024 7.2.3.2 U.S. market by service, 2014 - 2024 7.2.4 Canada 7.2.4.1 Canada market by location, 2014 - 2024 7.2.4.2 Canada market by service, 2014 - 2024 7.2.5 Mexico 7.2.5.1 Mexico market by location, 2014 - 2024 7.2.5.2 Mexico market by service, 2014 - 2024 7.3 Europe 7.3.1 Europe market by location, 2014 - 2024 7.3.2 Europe market by service, 2014 - 2024 7.3.3 UK 7.3.3.1 UK market by location, 2014 - 2024 7.3.3.2 UK market by service, 2014 - 2024 7.3.4 Germany 7.3.4.1 Germany market by location, 2014 - 2024 7.3.4.2 Germany market by service, 2014 - 2024 7.4 Asia Pacific 7.4.1 Asia Pacific market by location, 2014 - 2024 7.4.2 Asia Pacific market by service, 2014 - 2024 7.4.3 China 7.4.3.1 China market by location, 2014 - 2024 7.4.3.2 China market by service, 2014 - 2024 7.4.4 India 7.4.4.1 India market by location, 2014 - 2024 7.4.4.2 India market by service, 2014 - 2024 7.4.5 Philippines 7.4.5.1 Philippines market by location, 2014 - 2024 7.4.5.2 Philippines market by service, 2014 - 2024 7.5 Latin America 7.5.1 Latin America market by location, 2014 - 2024 7.5.2 Latin America market by service, 2014 - 2024 7.6 MEA 7.6.1 MEA market by location, 2014 - 2024 7.6.2 MEA market by service, 2014 - 2024 Chapter 8 Competitive Landscape 8.1 Company Profiles 8.1.1 Clairvolex 8.1.1.1 Company overview 8.1.1.2 Financial performance 8.1.1.3 Product benchmarking 8.1.1.4 Strategic initiatives 8.1.2 Evalueserve 8.1.2.1 Company overview 8.1.2.2 Financial performance 8.1.2.3 Product benchmarking 8.1.2.4 Strategic initiatives 8.1.3 Integreon Managed Solutions Inc. 8.1.3.1 Company overview 8.1.3.2 Financial performance 8.1.3.3 Product benchmarking 8.1.3.4 Strategic initiatives 8.1.4 Clutch Group 8.1.4.1 Company overview 8.1.4.2 Financial performance 8.1.4.3 Product benchmarking 8.1.4.4 Strategic initiatives 8.1.5 Cobra Legal Solutions LLC 8.1.5.1 Company overview 8.1.5.2 Financial performance 8.1.5.3 Product benchmarking 8.1.5.4 Strategic initiatives 8.1.6 CPA Global Ltd. 8.1.6.1 Company overview 8.1.6.2 Financial performance 8.1.6.3 Product benchmarking 8.1.6.4 Strategic Initiatives 8.1.7 Exigent 8.1.7.1 Company overview 8.1.7.2 Financial performance 8.1.7.3 Product benchmarking 8.1.7.4 Strategic initiatives 8.1.8 Infosys Ltd. 8.1.8.1 Company overview 8.1.8.2 Financial performance 8.1.8.3 Product benchmarking 8.1.8.4 Strategic initiatives 8.1.9 Legal Advantage LLC 8.1.9.1 Company overview 8.1.9.2 Financial performance 8.1.9.3 Product benchmarking 8.1.10 Lexsphere Pvt. Ltd. 8.1.10.1 Company overview 8.1.10.2 Financial performance 8.1.10.3 Product benchmarking 8.1.11 Lexplosion Solutions Pvt. Ltd. 8.1.11.1 Company overview 8.1.11.2 Financial performance 8.1.11.3 Product benchmarking 8.1.11.4 Strategic initiatives 8.1.12 Lex Outsourcing 8.1.12.1 Company overview 8.1.12.2 Financial performance 8.1.12.3 Product benchmarking 8.1.13 Mindcrest Inc. 8.1.13.1 Company overview 8.1.13.2 Financial performance 8.1.13.3 Product benchmarking 8.1.13.4 Strategic initiatives 8.1.14 Pangea3 8.1.14.1 Company overview 8.1.14.2 Financial performance 8.1.14.3 Product benchmarking 8.1.14.4 Strategic initiatives 8.1.15 QuisLex Inc. 8.1.15.1 Company overview 8.1.15.2 Financial performance 8.1.15.3 Product benchmarking 8.1.15.4 Strategic initiatives 8.1.16 UnitedLex 8.1.16.1 Company overview 8.1.16.2 Financial performance 8.1.16.3 Product benchmarking 8.1.16.4 Strategic initiatives
List of Tables
1 Global LPO market revenue (USD Billion),, 2014 - 2024 2 Global LPO market revenue by region, 2014 - 2024 (USD Million) 3 Global LPO market revenue by location, 2014 - 2024 (USD Million) 4 Global LPO market revenue by service, 2014 - 2024 (USD Million) 5 LPO - Key market driver impact 6 LPO - Key market restraint impact 7 Global offshore LPO market by region, 2014 - 2024 (USD Million) 8 Global on-shore LPO market by region, 2014 - 2024 (USD Million) 9 Global contract drafting market, 2014 - 2024 (USD Million) 10 Global contract drafting market by region, 2014 - 2024 (USD Million) 11 Global review and management market, 2014 - 2024 (USD Million) 12 Global review and management market by region, 2014 - 2024 (USD Million) 13 Global compliance assistance market, 2014 - 2024 (USD Million) 14 Global compliance assistance market by region, 2014 - 2024 (USD Million) 15 Global e-discovery market, 2014 - 2024 (USD Million) 16 Global e-discovery market by region, 2014 - 2024 (USD Million) 17 Global litigation support market, 2014 - 2024 (USD Million) 18 Global litigation support market by region, 2014 - 2024 (USD Million) 19 Global patent support market, 2014 - 2024 (USD Million) 20 Global patent support market by region, 2014 - 2024 (USD Million) 21 Global other LPO services market, 2014 - 2024 (USD Million) 22 Global other LPO services market by region, 2014 - 2024 (USD Million) 23 North America market by location, 2014 - 2024 (USD Million) 24 North America market by service, 2014 - 2024 (USD Million) 25 U.S. market by location, 2014 - 2024 (USD Million) 26 U.S. market by service, 2014 - 2024 (USD Million) 27 Canada market by location, 2014 - 2024 (USD Million) 28 Canada market by service, 2014 - 2024 (USD Million) 29 Mexico market by location, 2014 - 2024 (USD Million) 30 Mexico market by service, 2014 - 2024 (USD Million) 31 Europe market by location, 2014 - 2024 (USD Million) 32 Europe market by service, 2014 - 2024 (USD Million) 33 UK market by location, 2014 - 2024 (USD Million) 34 UK market by service, 2014 - 2024 (USD Million) 35 Germany market by location, 2014 - 2024 (USD Million) 36 Germany market by service, 2014 - 2024 (USD Million) 37 Asia Pacific market by location, 2014 - 2024 (USD Million) 38 Asia Pacific market by service, 2014 - 2024 (USD Million) 39 China market by location, 2014 - 2024 (USD Million) 40 China market by service, 2014 - 2024 (USD Million) 41 India market by location, 2014 - 2024 (USD Million) 42 India market by service, 2014 - 2024 (USD Million) 43 Philippines market by location, 2014 - 2024 (USD Million) 44 Philippines market by service, 2014 - 2024 (USD Million) 45 Latin America market by location, 2014 - 2024 (USD Million) 46 Latin America market by service, 2014 - 2024 (USD Million) 47 MEA market by location, 2014 - 2024 (USD Million) 48 MEA market by service, 2014 - 2024 (USD Million)



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