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Global Legal Process Outsourcing (LPO) Market Outlook 2019-2024 - Market Consolidation to Diminish Buyer Power - ResearchAndMarkets.comThe "Legal Process Outsourcing (LPO): Global Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering. This report provides separate comprehensive analytics for the US, India, the Philippines, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. The report analyzes the worldwide markets for Legal Process Outsourcing (LPO) in US$ Million. The global market is analyzed by the following Service Types:
The report profiles 57 companies including many key and niche players such as:
Key Topics Covered 1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS 2. INDUSTRY OVERVIEW A Prelude Market Drivers Market Challenges Current and Future Analysis India: A Potential Laden Market Patent Support Services Garner Larger Pie A Snapshot of Global LPO Industry Major Countries Involved in LPO LPO Industry Flourishes 3. MARKET TRENDS, GROWTH DRIVERS AND ISSUES Law Firms Increasingly Adopt Outsourcing Models Larger LPO Pure-Plays to Play a Decisive Role Major Trends in the Global LPO Industry Geographic Perspective Leading Offshore Destinations India - A Key Destination for Offshore Legal Services European Firms Increasingly Opt for LPO China Seeks to Attract LPO Work LPO Services in Philippines to Witness Expansion Mauritius Emerges as New LPO Destination Mauritian Outsourcing Industry Industry Perspective Changes in the Law Industry Transform LPO Legal Administrative and Secretarial Functions Gain Grip Complex Processes Added to Paralegal Outsourcing Integrated Technology Enabled Solutions Revolutionize Contract and Litigation Processes LPO Industry Witnesses Rampant Consolidation Activity Negative Sentiments of US Policymakers Expected to Hurt LPO Industry Legal Process Outsourcing to Restructure Law Practices Globally Onshore Legal Outsourcing Also Popular with Large Companies Hybrid Outsourcing Model Gains Prominence Instability of Host Nation Keeps Law Firms on Thin Ice LPO Hubs to Face Tough Competition from Onshore Rural Outsourcing Zones Can Automation Sound the Death Knell for LPO Market 4. INNOVATIONS AND ADVANCEMENTS La Firms Embrace Latest Technologies ElevateNext - A New LPO and Law Firm Partnership Aims to Bring Down Corporate Legal Costs by 50% 5. LEGAL PROCESS OUTSOURCING: AN OVERVIEW Legal Process Outsourcing: An Introduction Types of LPO Services Legal Research Legal Writing Document Modeling Others Contract Review Due Diligence Electronic Discovery e-Discovery Legal Billing Important Terms Related to Legal Process Outsourcing Certified Computer Examiner EnCase Certified Examiner European Union Directive on Data Protection ISO 9001 Certification Achieved for Quality Management System The Project Management Institute SAS 70 Type II Report US-European Safe Harbor Framework Clearwell Gold Partner Certification The Data Protection Act 1998 The eSourcing Capability Model for Service Providers European Union Safe Harbor Guidelines ISO/IEC 27001 Certification Personal Information Protection and Electronic Documents Act (PIPEDA) Six-Sigma US-Switzerland Safe Harbor Framework Diversity in LPO Services Legal Processes Requiring Low Level Qualitative Skill Legal Processes Requiring High Qualitative Expertise Types of LPO Service Providers Categorization by Terms of Service Full KPO/BPO Service Providers Full Spectrum (News - Alert) LPO Service Providers Legal Support Service Providers Categorization by Structure of LPOs Captive Centers Third-Party Multi-Service Vendors Third-Party LPOs Advantages Superior Quality Legal Support Improved Efficiency Employee Flexibility Optimization of Expensive Resources Leveraging Time Zone Differences Limitations of Legal Process Outsourcing Managing Workers Remotely Hidden Costs Communication Lag Confidentiality Concerns Differences in Culture Ethical Implications Related to LPO Legal Process Outsourcing Versus Insourcing Pros and Cons of Insourcing Pros and Cons of Outsourcing Situations Suitable for Outsourcing Finding Right Service Provider 6. COMPETITIVE LANDSCAPE Major Players in the LPO Market Market Consolidation to Diminish Buyer Power 6.1 FOCUS ON (News - Alert) SELECT GLOBAL PLAYERS 6.2 RECENT INDUSTRY ACTIVITY UnitedLex Secures Legal Service Contract from GE QuisLex to Collaborate with ACC Legal Operations Clutch Group Merges with Morae Legal Corporation DTI Snaps Up NuLegal Integreon Acquires Allegory Leonard Green & Partners to Takeover CPA Global DTI and Epiq Systems to Rename the Merged Entity as Epiq Venio Systems Enters into a Technology Partnership with Integreon NewQuest Capital Partners Takes Over Integreon Catalyst Forms Partnership with American Discovery Suffolk Law Teams Up with Integreon QuisLex Starts New York Document Review Center 7. GLOBAL MARKET PERSPECTIVE 8. REGIONAL MARKET PERSPECTIVE 8.1 The United States A. Market Analysis Legal Process Outsourcing in the US Despite Concerns, the US LPO Services Market Grows Steadily Legal Outsourcing - A Few Major Trends Leading Legal Industry Trends During the Year 2017 B. Market Analytics 8.2 India A. Market Analysis India - The Top Destination for Global Legal Process Outsourcing Key Markets Addressed Services Offered by Indian LPO Firms Indian LPO Industry - Most Suitable for Foreign Firms Transformation in the Legal Services Market: A Retrospect Structure of Indian LPO Industry Classification Based on Type of Vendors Classification Based on Value of Work Classification Based on Source (News - Alert) of Work Growth Propelling Factors for Indian LPOs Cost Benefits Superior Quality Productivity Indian Government Policies Notable Trends High-end LPO Processes Gain Ground in India Indian LPO Market Continues to Outpace China On a Recruiting Spree Indian LPOs Eye Japanese and South Korean Markets for New Business Prospects Australian and European Markets Capture the Interest of India-based LPOs India to Face Competition from Growing South African LPO Industry LPO Sector Dispels Recession Quality of Service and Data Confidentiality - Key Challenges Ahead B. Market Analytics 8.3 Philippines A. Market Analysis Philippines: A Leading LPO Destination in Asia The LPO Market in Philippines Evolving to Meet Changing Client Demands B. Market Analytics 8.4 Rest of World A. Market Analysis Current & Future Analysis Overview Of Select Markets Australia and New Zealand Present Competitive LPO Locations Chinese LPO Market Set to Boom over Short-Term Canadian LPO Industry Europe: LPO to Eventually Find Way into Corporate World Traditional Barriers Overcoming Barriers Outlook for LPO Services LPO Yet to Gain Traction in Western Europe The Market for Legal Work in Germany Gradually Evolves Scotland Holds Immense Potential for LPO Services Background of Scottish LPO Market Legal Workforce Poland Emerging as a Key Provider of LPO Services Brazil to Emerge as Popular Destination for LPO Services South Africa Holds Bright Future in Legal Process Services Market Skilled Resources Clusters of LPS Activity Opportunity for LPS Providers LPO Market Continues to Post Sluggish Growth in Egypt B. Market Analytics 9. COMPANY PROFILES Total Companies Profiled: 57 (including Divisions/Subsidiaries - 60)
For more information about this report visit https://www.researchandmarkets.com/r/pnk7pc View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005458/en/ |
