Posted by: Catherine Fernandes | September 24, 2008

The Exclusive Techno-Legal KPO and LPO in India

The future of any organisation depends upon its capable workforce and to retain such workforce one has to spend a considerable amount of investment. This expenditure may at times increase the cost of production or functioning of the organisation. The organisations use many types of cost management and cost reduction techniques to keep their expenses minimum. This practice also applies to the legal industry.

The legal practice is very lucrative and remunerative in developed countries like US, UK, EU, etc. There the cost of retaining even the entry level employees is very high. Many well known law firms of these developed countries outsource their back office and clerical work to Indian Legal Process Outsourcing (LPO) firms and companies in India.

According to Mr. Praveen Dalal, the Managing Partner of Internationally renowned LPO and Techno-Legal KPO Perry4Law, “LPO in India is attracting lot of foreign firms and companies to outsource their legal works to India. During the last month alone, Perry4Law received various requests regarding partnerships, LPO assignments, empanelment requests, etc. We are hopeful for even a larger services contribution when the Knowledge Process Outsourcing (KPO) industry in India would emerge and mature as Perry4Law is World renowned for it Techno-Legal KPO services”.

Clearly, there is a difference between the current LPO assignments and future KPO assignments as the latter requires “domain specific expertise” that very few firms actually possess in India. Similarly, the market for information and communication technology (ICT) related LPO and KPO services in India is still emerging and more is expected from market leader like Perry4Law in this regard.

LPO and KPO assignments are also liable to be increased due to episodes like global financial meltdown that is currently happening in US. More and more corporate houses and investment banks from the US are looking towards Indian LPO for legal advice. In the present globalised world, India is surely heading towards a great start.

Advertisements

Categories

%d bloggers like this: