[January 05, 2015]

Research and Markets: Global Legal Process Outsourcing Market 2015-2019 with Clutch, Infosys, Integreon, QuisLex & UnitedLex Dominating

Research and Markets (http://www.researchandmarkets.com/research/ff99w4/global_legal) has announced the addition of the "Global Legal Process Outsourcing Market 2015-2019" report to their offering.

The Global Legal Process Outsourcing market to grow at a CAGR of 27.4% over the period 2014-2019

Legal process outsourcing involves procuring legal services from an external service provider. It is considered as a strategic decision taken by the law and corporate firms to outsource these services as the cost of legal proceeding is rising day by day. Outsourcing of legal process enables companies' easy access to experienced and fresh talent on legal management while at the same time helps in building the companies' core competencies.

One of the major trends emerging in this market is the integration of predictive coding. Predictive coding is a technique used in e-discovery and document review. It enables enterprises to lower the costs associated with e-discoveryand identifying and producing electronically stored information.

According to the report, one of the primary drivers of this market is significant cost reduction. Labor arbitrage, which is the shifting of processes from more expensive locations to less expensive locations, is regarded as one of the most advantageous benefits of outsourcing business processes. The outsourcing of legal processes helps firms gain access to local expertise and advanced technologies in other countries, while simultaneously maintaining a lean workforce.

Further, the report states that one of the major challenges for firms in this market is conflict of interest. The firms involved in providing legal process solutions may have their own interests, which will not allow them to provide the best solutions to their clients.

The Global Legal Process Outsourcing market is categorized into seven segments:

• Contract Management Outsourcing
• Electronic Discovery Services Outsourcing
• Litigation Support Outsourcing
• Legal Research Outsourcing
• Review Services Outsourcing
• IP Technical Support Outsourcing
• Others.

Key Vendors

• Clutch
• Infosys (News - Alert)
• Integreon
• QuisLex
• UnitedLex

Key Topics Covered:

1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
5. Introduction
6. Market Landscape
7. Market Segmentation by Product
8. Geographical Segmentation
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/ff99w4/global_legal

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