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Legal Support Outsourcing Trends 2017: Reshaping the Legal Industry – Infographic
Legal support outsourcing is delegating repetitive legal activities to an external team. The external team boasts highly qualified professionals operating in countries such as India, the Philippines, and China. This is because the labor cost in developing countries is relatively cheap.
An Infographic Emphasizing Growing Demand for Legal Support Outsourcing
5 major Benefits of Outsourcing Legal Support Services:
Working with in-house and external teams enables law firms to alter their capabilities. Outsourcing legal work gives access to immediate scaling up for a case or project. Flexible staffing also helps in reducing overhead costs.
Lower Labor Cost:
The huge cost savings is among the biggest advantages of outsourcing. Leveraging legal process management services, you can reduce operational costs through labor arbitrage. You can get your job done by outsourcing at a location with lower wages. through leveraging economies of scale by de-skilling or applying process management.
Compliance with Law & Regulations:
An appropriate compliance program involves identifying and documenting compliance mandates, adopting documented standards and communicating them to all individuals responsible for complying. Hire professionals to implement strategies that not only ensure respect for legal standards but also structure the outsourcing to prevent loss of cost savings or other efficiencies for the enterprise and its own customers.
Legal process outsourcing services paves the way for firms to get access to high-level legal talent and nice expertise that otherwise does not exist in the firm. LPO’s allow access to global experts in varying areas of law. By using these kinds of services, you are accessing knowledge and skills from around the world. Accessing external legal talent is also very useful for firms to fill in their gaps and tap into global legal expertise.
Apart from above major benefits, LPO offers other benefits like it allows better use of time, Enhances the Quality of work, greater client satisfaction, ensures efficiency & reduces turnaround time.
Running a law firm is always a big responsibility, not only toward your services but toward your own firm too. Outsourcing to Cogneesol will help you handle the operations requiring responsible hands. You might have queries about legal outsourcing, get in touch with us today; we have an entire team of qualified and experienced legal professionals. Call us at +1 646-688-2821 or email at [email protected].
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