What is Legal Process Outsourcing (LPO)? Courses & Careers
Legal Process Outsourcing (LPO), a kind of high end BPO industry that has been growing rapidly in India, in the recent years. In Legal Process Outsourcing vendors or in-house departments of organizations outsource legal work from off-shore areas where it is costly to perform, say like United States of America, Europe, UK, Germany, Australia to cheaper destinations like India, Philippines etc.
In today’s competitive business atmosphere, industries are planning to outsource works from various developing countries where there is no dearth of skilled manpower. India being a favored destination for legal process outsourcing, the young masses here finds quite good opportunities to get jobs in the field.
Most of the international law firms based in the US, UK or Europe are embracing the Legal Process Outsourcing (LPO) route to become more lucrative to their clients.
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Career Scope & Job Prospects
Career prospects are tremendous with the Legal process Outsourcing. Hence the opportunities for young and experienced legal practitioners are many in the near future. At present only about 900 professionals in India provide patent services to European and American end clients, and this number is likely to double to 1,800-2,000.
Major countries providing legal services market include USA, UK, France, Australia, South Korea, Japan and China. These countries require smart, talented and experienced legal experts for their clients for which they face towards India.
All legal experts working under the LPO receive attractive remuneration along with other perks and benefits. Nowadays LPO companies are recruiting fresh law graduates from premier law colleges/universities of the country.
They receive salary in the range of Rs 3 lakh to Rs 7 lakh per annum. Global LPO companies such as Pangea3 and Mindcrest are leading the pack in grabbing this legal talent from India.