Legal Process Outsourcing Market Analysis By USA and Segment Forecast 2016 – 2024 – Infographic

Law firms and legal corporations need to manage various tasks on a daily basis in the complex legal industry. However, due to excessive workload, lawyers were unable to perform their routine tasks efficiently, which was hampering the productivity of their firm. As a result, the emergence of legal process outsourcing service providers helps law firms streamline their processes seamlessly.

How Legal Outsourcing Works?

Legal outsourcing is a practice in which law firms or legal departments outsource certain legal tasks and processes to external service providers. For example, mundane, repetitive tasks such as document review, research, and drafting can be outsourced to external assistance.

By leveraging the expertise of professionals, law firms can efficiently save time, reduce costs, and ease your workload. This allows them to focus on your core competencies, such as providing legal advice and representation to clients. In addition, they can help law firms choose the right law firm practice management software that will best suit their needs.

Ultimately, this will provide you with ample time to acquire new business for your firm and deliver exceptional service to your existing clientele. According to experts, the global legal process outsourcing market will expand at a compound annual growth rate of 31.8% from 2019 to 2025, reaching $35.9 billion by 2025.

Top Legal Tasks Suitable for Outsourcing

1. Managed Document Review

2. Contract Lifecycle Management

3. Paralegal Support Services

4. Patent Services

5. E-Discovery

6. Legal Billing and Accounting

7. Back-office Support

This infographic describes the legal outsourcing market analysis by the USA.