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LPOs to yield $640 Million by 2011

By SiliconIndia,Friday, 12 June 2009, 03:48 Hrs

Bangalore: Legal Process Outsourcing (LPO) is a growing business segment and is expected to generate an income of $640 million by the year 2011. The industry is also expected to be the fastest growing outsourcing business, according to a report released by the research agency.

The findings based on ValueNotes maintains that India is expected to have a major share in this forecasted revenue from LPO, which will also open huge employment opportunities in India.

"LPOs are seen as a more stable career option than opportunities in the mainstream IT and ITeS sector.

Unlike other segments in outsourcing, the LPO segment has seen a robust growth even during recessionary times, thus providing a stable career option," said Lokendra Tomar, Chief Operating Officer, Asia-Pacific, Integreon, a LPO firm.

The LPO industry will be generating employment opportunities for all the lawyersincluding lawyers, graduates, freshers and MBAs.

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Reader's comments (4)

1: There are handful of companies which are providing legal support services to non-parent companies. Its not difficult to have data of people(lawyers in particular) employed by such organization in comparision with their attrition rate in the last one year. So, can you provide the hiring data....that would give the real picture instead of showing ficticious revenue data. There is another fact, about the way these LPO are being awarded by financial/industrial surveyor houses like...one "dark book". Management ask their employees to file nominations to their employers.....

This is real picture of LPO's

Posted by: vikas - 12 Jun, 2009

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2:agreed. opportunities are on the media news, which never become reality... I can show you many lpo's which have closed down in past 1yr. i have friends, who ve been fired due to lack of workflow in lpos, i ve worked in 2 major lpo's of bangalore, in last 2 yrs, and stil employed with one of them. hiring and firing is common in lpo's like any other industry... surveys don't always speak truth. if u want to know, ask someone who's working in that LPO.

But compared to other sectors, "YES". LPO has seen a kind of sustainability in last 2 years... there were no mass firing like other indusry and salaries have seen a growth of over 100%, for experienced people, becoz there are not many of them, but industry demand has gone up...

one more reason is no lawyer would comit suicide, when fired by an LPO, because he would always be having a never ending alternative opportunity called litigation! so whatever happens here, remains within themselves Jai Ho to Indian Lawyers!

Anonymous replied to: vikas
post - 13 Jun, 2009

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SiliconIndia
Web Developer Course

3: Will be interesting to know what opportunities the sector is providing at this time ?

Posted by: priyesh - 12 Jun, 2009

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4: International consulting firm for outsourced legal services, Fronterion in its report “Ten for 2011: Top 10 Trends in Legal Outsourcing for 2011” reveals the most important trends in legal outsourcing that will continue to propel the growth of the LPO industry through the year 2011. Some of the factors are the increasing public acknowledgment and the dynamic vendor landscape which references to the consolidation trends.
Padma
http://www.sddglobal.com
High-end legal outsourcing

Posted by: Padma - 31 Dec, 2010

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