India- Favorite Destination For Legal Process Outsourcing

It was the time of late 80's of the 20th century, when certainly a new business emerged like a big giant in the global business. The term was offshoring or outsourcing that off lately became popular as business process outsourcing. The greed of cheaper labor, a large share of business profits and increased savings grabbed the eye of millionaires and rich businessmen of U.K. and U.S.A. towards South Asian territory particularly India.

India is often referred as a young nation and for the past 25 years has shown a tremendous economic growth rate as well as development in the education sector. The drive has become more vigorous when in the last decade, internet took a swift flight in terms of doing business.

For all those, who even don't know the meaning of outsourcing, it is important to understand this corporate revolutionary term, firstly. Well, by the term outsourcing, we mean to contract the work out. By referring a term called business process outsourcing, a person would mean contracting specific tasks of his/her business to the third party. Furthermore, it is classified into two main services which are:

1. Back Office Outsourcing: That means contracting to internal functions such as billing or purchasing.
2. Front Office Outsourcing: It refers to services related to customer care such as marketing & technical support.

Twenty years back, nobody would have ever thought that, outsourcing front and back office services for information technology and information technology enabled services, will be taken over by legal process outsourcing today. The global market crash has piled up a lot of legal corporate cases related to debt handling, due diligence services, contract drafting, litigation & intellectual property issues, etc. In India, the emergence of legal process outsourcing is ready to create new business milestones.

Now, the question is why India? What are the constraints that made it a favorite hub for the seekers of legal process outsourcing services? The answer is India's Ready to Serve workforce. The skill set of Indian professionals is quite impressive. With a strong command over English, Indian lawyers are quite well versed in British common law as an Indian legal system is very much similar to that of the United Kingdom. Moreover, a lot of budding lawyers in a recent few years have undergone additional training in US law, that has added another feather in their cap of reliability.

Indian lawyers do charge in between &40-$60 for per hour work which is quite less in comparison to that of American lawyers who charge $120-$300 for work on an hourly basis. Secondly, due to strict deadlines and time zone benefit, the response time is already reduced. Collaborating with Indian LPO companies, American lawyers not only improve their legal services industry but also strengthen the trade ties with India, one of the leading South Asian countries.

On a concluding note, it is not an exaggerated thing to say that India is an emerging favorite destination to invest in legal process outsourcing.