Tuesday, January 17, 2012

Outsourcing enters legal sector

Outsourcing is nothing but contracting out a company's non-core, non-revenue producing activities to third party companies. And recently there has been a big shift to outsource intellectually-based service activities like research, product development, logistics, human relations, accounting, legal work, marketing, logistics, market research.

 Offshore outsourcing has entered to the legal profession as well. However it had not entered the complex agreements but more fundamental labor. BPO companies lifts the burden so that the firm can focus on the aspects that provide maximum value to its clients such as strategy, negotiations, fact development, drafting, depositions and court appearances. Outsourcing legal work, ranging from legal research to proofreading to organizing and indexing documents for trial has emerged as a hot issue in the legal community.

Any talks or discussions on the offshore outsourcing sector leads to Indian BPO companies. India is at the forefront of outsourcing. This is due to technical maturity, cost advantages and the productivity gains firms receive.Today, India is one of the most exciting emerging markets in the world. Skilled managerial and technical manpower that match the best available in the world and a middle class whose size exceeds the population of the USA or the European Union, provide India with a distinct cutting edge in global competition.

 Law firms, legal departments of major corporations and state and federal government are increasingly following the BPO route to reduce cost and increase efficiency. Outsourcing allows them to remain competitive and serve more clients. It has become an indispensable asset to legal community. Moreover Indian BPO companies are more productive because they work six days a week, not five, and they start work 5.5 hours before the UK.