Top 7 Legal Process Outsourcing (LPO) Firms in India
Legal Process Outsourcing is currently the fastest growing business in the world. Many factors steer the legal firms in the USA to outsource the work to countries like India, Philippines, South Africa, Australia and Europe. Even though, there were efforts to inshore most of the services, countries like India still attract attention in the legal process outsourcing (LPO) segment. According to the latest survey, there is a huge potential in LPO industry in the forthcoming years. The revenue from these services would rise to billion dollars in the US market. As the increase in the potential of LPO, it gave more confidence to US law firms to outsource services to other countries.
Chief reasons for outsourcing:
Cost effective
In outsourcing countries if a lawyer charges $400,000 for providing certain services, the same work is completed at $45,000 in India. If an Indian law firm pays $8,160 per year to a junior attorney, an US firm would spend $160,000 for the same work in the USA! That means an US firm saves a whopping 10–20 times the LPO cost in India!
Turnaround time
What about leaving your office on time daily and finding your pending work completed in the next morning! It is not a dream as many firms are able to achieve it through LPO. Countries like India has the time advantage which helps them work while you sleep, thus accelerating the processing time and helping you achieve more in less time.
Top 7 LPO companies
There are many companies in India which provide legal and corporate services starting from paralegal and secretarial services to legal research, drafting, transcription, billing, representation, billing, coding, documentation, etc. Many companies have conducted surveys to identify the top companies in the LPO segment and reported different lists. Based on surveyed companies and their parameters, the results varied.
Here is a list of top 7 LPO service providers based on parameters such as headquarters and delivery centers in the USA, process similarities and certifications, law sections of Fortune 500 firms and top law firms as clients, core legal service providers, and non-Indian leadership in senior roles.
· Bodhi Global Services (P) Ltd
Bodhi Global has headquarters and offices in the USA, and strengths in document reviews; contract management — drafting; analysis and abstraction; lease abstraction — summarizing; and legal research.
· Clutch Group
Clutch Group clients include top international legal service and Fortune 500 firms, and around 40 biggest law firms in the USA. The group is ISO 9001:2008 and ISO/IEC 27001:2005 certifications.
· Cobra Legal Solutions, LLC
Cobra Legal is ISO 27001 certified and has proved strength in document management and review for arbitration, antitrust, litigation and others; ediscovery support, contract management, legal research, etc. It has partnership with domestic and international firms such as Planet Data, CaseCentral, and Rainmaker.
· CPA Global Ltd
Certified with ISO 27001 and ISO 9001, CPA Global has strengths in patents, legal intellectual property support, trademark, litigation support, document review, and contract management.
· Integreon Managed Solutions, Inc
Integreon is an ISO/IEC 27001:2005 and ISO 9001:2000 certified company providing legal document review and processing, secretarial support, transcription, research, ediscovery support, library, and back office services.
· Pangea3
Pangea3, since its inception in 2004, is providing legal process outsourcing services. It became a part of Thomson Reuters in 2010, headquartered in New York, with operations in Mumbai, Delhi, and Dallas. The company offers solutions for litigation support, corporate transactional work, IP and governance and risk management and compliance.
· Datascribe LPO
Datascribe LPO in the industry since 1999, is an ISO: 9001 and ISO: 27001 certified company with offices in 3 continents namely USA, Canada, and India. It is also Health Insurance Portability and Accountability Act (HIPPA) certified and provides legal/corporate, litigation support, medico-legal, legal research and drafting, immigration support services, e-discovery, depositions, and secretarial and administrative support services.
