Outsourcing is the act of obtaining services from an external firm. Legal process outsourcing is defined as outsourcing the legal processes and procedures from areas where it is costly to perform to an outside firm offering significantly decreased costs to process the legal formalities.
The concept of LPOs has been growing rapidly in the recent years, thus, giving more job opportunities to Indian law professionals. The processes covered under LPOs with substantial fees to India are as under:
(i) Legal transcription,
(ii) Legal, business or market research,
(iii) Litigation support,
(iv) Document drafting like standard contracts, agreements, letters to the clients, patent applications, etc.,
(v) Paralegal services,
(vi) Intellectual property, such as patent application and compliance,
(vii) Administrative and secretarial activities like following up with clients, etc.
The processes are conducted by experienced law professionals who are supposed to work on the globally accepted industry standards. It is the key responsibility of the LPO operating in India to provide utmost satisfaction to the clients with 100% data security.
Every year, there are a lot of candidates who aim to pursue Law as a career and this is mainly because of the advantages associated with it. One gets a lucrative career for life long, the not so easily ending list of career options, authority and respect in the society, a challenging nature of work with varied clients, etc.
India is considered as a preferred location for LPOs because of the most researched and uniformed legal systems being practiced. LPO proves to be rewarding route to reduce costs and increase productivity by outsourcing legal works to India. However, there are several other factors which push people from abroad to enter into Indian legal system:
- Awareness of common law principles
- Plenty of Indian lawyers with US/UK qualifications
- Difference in the costs of the labor – foreign countries tend to save around 80% of their costs when they outsource their legal processes to India
- Reliability and efficiency offered by Indian law professionals
- Most of the LPOs work 24*7
- Analytical approach of the Indian lawyers
Indian LPOs are in demand because every year, there is a large pool of legal professionals having a good working knowledge of English graduate from various universities. Currently there are about 100 LPO firms in India. Companies such as Inventurus, Pangea3 and Integrecon, Mindcrest have started massive hiring in Mumbai.
You must be wondering that how can you get into a LPO?
Well, it is not as difficult as you think! You can either get into any LPO after completing your 5 years graduation in law or else you can pursue 3 years law (such as DU LLB) after completion of your graduation in any stream. However, it is also to be kept in mind that in whichever university you prefer to take admission should acquaint you with US and UK law practices. The reason behind this is that a lot of work comes from these places.
If you are still confused about what is a LPO, how to start law coaching, when to start, and other such questions, then come and meet SmartPrep team and we would be there to help you with all your queries.
We at SmartPrep make sure to be your complete guide in your journey to be a successful lawyer.
All the Best!