LPOs to yield $640 Million by 2011
By
siliconindia news bureau
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.
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.
Reader's comments(3)
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
This is real picture of LPO's
Posted by: vikas - 12 Jun, 2009

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!
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
post - 13 Jun, 2009
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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