Legal Process Outsourcing Market Is To Witness A Substantial Growth Due To The High-End Demand 2022 - 2030.

The global legal process outsourcing market size is anticipated to reach USD 117.89 billion by 2030, exhibiting a CAGR of 30.9% over the forecast period, according to a new report by Grand View Research, Inc. Legal process outsourcing provides legal support to law firms and legal organizations at a lesser cost. Even though the work outsourced to LPO providers is primarily process-oriented, there are several niche LPOs that carry out legal services with considerably high levels of analytical skills. These tasks include patent application drafting and legal research, subject to training imparted by the clients. The LPO industry has developed significantly over the years as the number of LPO providers has grown considerably.

Currently, the services are delivered from the LPOs with staff in England, U.S., South America, the Philippines, and Canada. Moreover, the players have expanded from small boutique providers to Business Process Outsourcing (BPO), global consulting, and technology firms. As the LPO players enter the market and the existing players expand their capabilities, it becomes more crucial for the customers to choose an LPO provider best suited for their requirements. Furthermore, offshore outsourcing has been employed to a large extent. The demand for onshore outsourcing is expected to increase during the forecast period as it is an attractive solution for companies that prefer to collaborate with organizations in the same country.

Legal Process Outsourcing Market Segmentation

Grand View Research has segmented the global legal process outsourcing market based on location, service, and region:

Based on the Location Insights, the market is segmented into Offshore and on-shore.

• The market can be sub-divided into on-shore and off-shore outsourcing. The offshore outsourcing segment dominated the market in 2021 and accounted for the maximum share of more than 77.8% of the global revenue. Outsourcing legal activities help organizations in managing time and workforce effectively.
• The Philippines and India have emerged as leading offshore LPO destinations. On the other hand, the on-shore outsourcing location segment is expected to register the fastest growth rate over the forecast period. On-shore outsourcing is expected to gain prominence on account of the growing perception among law firms that these service providers are better equipped than their offshore counterparts.

Based on the Service Insights, the market is segmented into Contract Drafting, Review & Management, Compliance Assistance, E-discovery, Litigation Support, Patent Support and Others.

• The market has been further divided into contract drafting, review & management, compliance assistance, e-discovery, litigation support, patent support, and others. The e-discovery segment dominated the market in 2021 and accounted for the largest share of more than 22.75% of the global revenue. E-discovery is a time-consuming process that is best handled with a dedicated technical and legal expert.
• The law firms have started outsourcing e-discovery for several reasons, including the benefit of legal technology expertise, lower expenses & recovered costs, data security, and faster & accurate data. For instance, the cost of ownership of an e-discovery function includes technology implementation, maintenance & employment training, salaries, and, other overhead costs of the in-house support staff.
• The additional cost of deploying the software and hardware solutions alone costs around USD 200,000 annually. Thereby, LPO shall help in cutting down the high cost associated with the in-house e-discovery solution.

Legal Process Outsourcing Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Vendors active in the market are focusing aggressively on expanding their customer base and gaining a competitive edge over their rivals. Hence, they pursue various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/technology development. For instance, in October 2020, Clarivate, a U.S.-based analytics company, acquired CPA Global Ltd. to create an IP (Intellectual Property) powerhouse. CPA Global Ltd. has joined Clarivate to expand its offerings in the insights and analytics business.

Some prominent players in the Global Legal Process Outsourcing market include:

• Clairvolex
• Clutch Group
• Cobra Legal Solutions LLC
• CPA Global Ltd.
• Evalueserve
• Exigent
• Infosys Ltd.
• Integreon Managed Solutions Inc.
• Legal Advantage LLC
• Lex Outsourcing
• Lexplosion Solutions Pvt. Ltd.
• Lexsphere Pvt. Ltd.
• Mindcrest Inc.
• Pangea3
• QuisLex Inc.
• UnitedLex

Order a free sample PDF of the in Legal Process Outsourcing Market Intelligence Study, published by Grand View Research.