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5

Feb

2008

LPO: A Booming Industry In India

The legal process outsourcing (LPO) sector in India is estimated to grow vertically. Statistics point out clearly that growth of LPO industry is the next thing to happen on the Indian firmament after the BPO. Adding to the bust, around 35-40% of the top ten Indian BPO companies have avowed their call to become an integral part of LPO sector in the immediate future. Furthermore, IT mainstream giants are carefully analyzing the LPO model. These IT giants are strategizing over the concerns on the over all development of the LPO market in India.

LPO is seen as the part of KPO; and the industry has tremendous scope to earn good profit margins for the industry. This transformation will not only help in the development of the economy of the country, but will also provide fast and real-time opportunities to legal professionals. LPOs in India are making a gradual and steady market, and the time is quite near when majority of law firms from the west will eye Indian law companies to get their work done in affordable and efficient manner.

Statistics also point out that in spite of colossal potential for LPO growth in the Indian market, the real development can only be seen when the LPO market opens in a great way.



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