LPO is the process of procuring legal services from an external provider. The cost of legal proceedings is increasing at a progressive pace. The outsourcing of these services is of strategic importance for law and corporate firms to reduce their expenditure on legal matters. LPO offers access to legal expertise from different countries and builds their core competencies. It helps clients increase their operational efficiency, reduce time-to-market cycles, obtain access to fresh talent, and equip organizations with an economical cost structure.
Radiant Insights analysts forecast the global legal process outsourcing services market to grow at a CAGR of 28.67% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global legal process outsourcing services market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas• APAC• EMEA
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Global Legal Process Outsourcing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Clutch• Infosys• Integreon• QuisLex• UnitedLexOther prominent vendors • Capita• Capgemini • Cobra Legal Solutions• CPA Global• Exigent• HCL Technologies • Legal Advantage• LegalBase• Mindcrest• NewGalexy• Nextlaw Labs• Wipro• WNS
Market driver • Cost reduction and enhanced efficiency of legal processes.• For a full, detailed list, view our report
Market challenge • Confidentiality and security issues.• For a full, detailed list, view our report
Market trend • Alignment of legal services and procurement.• For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be?• What are the key market trends?• What is driving this market?• What are the challenges to market growth?• Who are the key vendors in this market space?• What are the market opportunities and threats faced by the key vendors?• What are the strengths and weaknesses of the key vendors?
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Table of Contents
PART 01: Executive summaryPART 02: Scope of the reportPART 03: Research MethodologyPART 04: Introduction• Key market highlightsPART 05: Market landscape• Market overviewPART 06: Five forces analysis• Five forces analysisPART 07: Market segmentation by services• Global LPO market by servicesPART 08: Geographical segmentation• Global LPO market by geographyPART 09: Decision frameworkPART 10: Drivers and challenges• Market drivers• Impact of drivers on key customer segments• Market challenges• Impact of challenges on key customer segmentsPART 11: Market trends• Integration of predictive coding• Emergence of cloud computing• Ascent in the value chain• Alignment of legal services and procurementPART 12: Vendor landscape• Competitive landscape• Other prominent vendorsPART 13: Key vendor analysis• Clutch Group• Infosys• Integreon• QuisLex• UnitedLexPART 14: Appendix• List of abbreviations
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