In the last quarter of 2008 America faces economic challenges never imagined even a few months ago. How will businesses manage and survive the limitations on credit, demand and growth? How does the economic downturn impact lawyers and law firms which service the business community?
Recession has made outsourcing and off-shoring a common business affair. Today almost every country like US which is facing thrashes of recession is eager to outsource its legal services without compromising with the quality. This outsourcing industry is one of the most admiring phenomenal changes to cope with this turbulent time.
Forrester Research, Inc. has opined that legal outsourcing, still a nascent industry kept at arms' length by many in the legal profession, will grow to a $4 billion industry by 2015. Nonetheless, as one managing partner of a top national law firm told me, "The management committee has no appetite for legal outsourcing."
Assuming the proper initial inquires have been made and adequately addressed, what are the cost savings reasonably attainable by an outsourcing U.S. law firm and its clients? Answering that question necessarily involves a comparative analysis of revenue and expenses.
After BPO (Business Process Outsourcing) it is now LPO (Legal Process Outsourcing and KPO (Knowledge Process Outsourcing) that is wooing the Indian lawyer. It is natural for the Indian lawyer to opt for foreign projects as they get paid much better. It puts them and the US law firms in a win-win situation.
In pertinent part of Model Rule 1.6, the supervising attorney must disclose outsourcing activities to his/her client, if the activities involve the disclosure of confidential information, and obtain the informed consent of his/her client, or may not have to obtain informed consent from the client if the disclosure of confidential information is impliedly authorized in order to carry out the representation.
Additionally the advantage of time zone, familiarity with common law doctrines and easy availability of English speaking lawyers attracts more foreign firms to opt for LPO services India. Indian attorney with UK/US qualifications are also sought after which is perfectly fulfilled by the top legal services India.
Outsourcing to India had started with medical transcription and was closely followed by call centers and IT outsourcing and other types of BPO (business process outsourcing). These have now paved the way for KPO (Knowledge Process Outsourcing) and LPO (Legal Process Outsourcing).
The shortcomings of this business are nothing as compared to the immense benefits that are inherent in this process. Cost and time are two most important reasons for this. In this time of recession, small business legal firms are showing pathway for profits as Bankruptcy cases are on rise.
Actually during legal research, deciphering of legal citations and its creation can be very challenging and time consuming. Hence quite often this work may be outsourced to professional legal research outsource providers. One can refer to the private online services research portals like LexisOne and Westlaw and then choose/prepare legal citations.
Recession has made outsourcing and off-shoring a common business affair. Today almost every country like US which is facing thrashes of recession is eager to outsource its legal services without compromising with the quality. This outsourcing industry is one of the most admiring phenomenal changes to cope with this turbulent time.
Forrester Research, Inc. has opined that legal outsourcing, still a nascent industry kept at arms' length by many in the legal profession, will grow to a $4 billion industry by 2015. Nonetheless, as one managing partner of a top national law firm told me, "The management committee has no appetite for legal outsourcing."
Assuming the proper initial inquires have been made and adequately addressed, what are the cost savings reasonably attainable by an outsourcing U.S. law firm and its clients? Answering that question necessarily involves a comparative analysis of revenue and expenses.
After BPO (Business Process Outsourcing) it is now LPO (Legal Process Outsourcing and KPO (Knowledge Process Outsourcing) that is wooing the Indian lawyer. It is natural for the Indian lawyer to opt for foreign projects as they get paid much better. It puts them and the US law firms in a win-win situation.
In pertinent part of Model Rule 1.6, the supervising attorney must disclose outsourcing activities to his/her client, if the activities involve the disclosure of confidential information, and obtain the informed consent of his/her client, or may not have to obtain informed consent from the client if the disclosure of confidential information is impliedly authorized in order to carry out the representation.
Additionally the advantage of time zone, familiarity with common law doctrines and easy availability of English speaking lawyers attracts more foreign firms to opt for LPO services India. Indian attorney with UK/US qualifications are also sought after which is perfectly fulfilled by the top legal services India.
Outsourcing to India had started with medical transcription and was closely followed by call centers and IT outsourcing and other types of BPO (business process outsourcing). These have now paved the way for KPO (Knowledge Process Outsourcing) and LPO (Legal Process Outsourcing).
The shortcomings of this business are nothing as compared to the immense benefits that are inherent in this process. Cost and time are two most important reasons for this. In this time of recession, small business legal firms are showing pathway for profits as Bankruptcy cases are on rise.
Actually during legal research, deciphering of legal citations and its creation can be very challenging and time consuming. Hence quite often this work may be outsourced to professional legal research outsource providers. One can refer to the private online services research portals like LexisOne and Westlaw and then choose/prepare legal citations.
SHARE
![Traumatic Brain Injury: By The [staggering] Numbers](https://cdnus.oss-us-west-1.aliyuncs.com/libs/images/NewsJpg/cate_9/012_215x160.jpg)
