India today is an economic powerhouse and has been slowly climbing the rankings of agencies that grade countries on the basis of their financial standing and credibility. But few know that there is another field where India has made its mark and is today considered as the global leaders.
This is the outsourcing industry where the country has risen to such high levels that any company or sector wanting to spin off its services to professionals with towering benchmarks of excellence considers India as the first option. This is regardless of the industry or sector that you might think of.
The range of services offered by Indian outsourcing agencies includes insurance, accounts and bookkeeping, data entry and IT services and legal processes. The meteoric rise has been partly due to the enhanced levels of output offered, something that is at par with if not better than what would have been done in-house.
Most importantly, the cost-effective rates prevailing in India makes it a very attractive outsourcing destination. If legal outsourcing services have to be considered, India is definitely on top of the pile. But before going into the details, a quick look at why it is beneficial to outsource litigation matters and its allied functions will be in order.
The recession and crash of the global economies of the world in the not too distant past flooded law firms with cases but without the financial strength and power to add more highly paid lawyers to their rolls to deal with the incremental.
The only way out was to outsource certain activities at affordable rates and this is how LPO (Legal Process Outsourcing) became a force to reckon with. The legal activities that are normally outsourced include all repetitive and tedious tasks like research, writing, and documentation which of course no lawyer can do without while preparing his brief.
Given this scenario, why is it that India keeps repeatedly cropping up when the hunt is on for a top global legal outsourcing company. Litigation services being outsourced if placed along with what India has to offer will make the picture very clear.
1. Savings in Costs – It is an acknowledged fact that the cost of litigation services in the Western countries especially the USA is very high because the expense of supporting the legal process is more. Lawyers are very well paid and even young apprentices fresh out of college entrusted with research and writing too charge heavily.
This increases the overall cost of legal work. If even a part of it is reduced, the savings can be better utilized by the firms to focus on valued clients and offer competitive fees.
Why India – By and large, the salary of LPO lawyers are below the $10,000 a year mark. Add to this low wages and costs which enable Indian outsourcing companies to offer services at one-tenth to one-third of the costs that any mid-sized Western law firms would charge per hour.
2. Superior Quality of Work – As discussed before, the bulk of the outsourcing work consists of providing legal support services such as the drafting of memoranda, legal research and writing, contract and document review and discovery and patent services. These are generally entrusted to those who are fresh in this profession and have minimal skills and experience as the hourly costs will be low. This has a bearing on the standard of output.
Why India – A legal outsourcing company in India attracts the best, the brightest, and the most talented lawyers who are well conversant with the finer nuances of laws of other countries. This naturally makes their work a cut above the rest, one reason why India is a secure and favorite destination for those desirous of outsourcing legal services.
3. The speed of Services Offered – Lawyers are perpetually short of time. This is because legal cases do not line up in an orderly queue but run simultaneously in courtrooms. Added to this confusion are clients’ queries and preparation of fresh cases. This makes it imperative that research, writing, and drafting be completed in the minimum time possible and new cases are readied for trial at the earliest. Outsourcing then is the only answer to this ISSUE.
Why India – The time differential between India and the USA or other Western countries facilitates quick preparation and finalization of background work. Requirements can be uploaded at the end of the day in the originating countries.
Legal outsourcing services will be processing it during the day in India. When the processed task is uploaded back to the USA it is the opening of business hours there. It is similar to making more number of hours work for you in a day.
These are the reasons why more and more law firms and legal departments of blue-chip companies have chosen India as a secure destination for outsourcing legal services.
If you need a top legal outsourcing firm in India, get in touch with Legal Support World. Our long years of experience and a pool of talented lawyers have made us leaders in this field today. For more information, write to email@example.com.