Global Legal Process Outsourcing Market Research Report 2022-2027
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Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights Report Description Global Legal Process Outsourcing Market Outlook 2022-2027: According to the latest report by IMARC Group, titled "Legal Process Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global legal process outsourcing market reached a value of US$ 11.61 Billion in 2021. Legal process outsourcing (LPO) refers to a practice that involves outsourcing legal assistance or functions from third-party service providers. It is an essential measure adopted by multiple businesses, wherein discrete legal services are transferred to paraprofessionals or external law firms to assist organizations with increased quality and efficiency of legal procedures. Some of the common legal process outsourcing services include legal publishing support, secretarial services, review and research, conveyance work and administrative services, such as billing and accounting. Due to rapid digitization across the corporate sector, there has been a considerable rise in the adoption of LPO services. Request for a PDF sample of this report: https://www.imarcgroup.com/legal-process-outsourcing-market/requestsample
Report Description and Highlights
Report Description
Global Legal Process Outsourcing Market Drivers/Constraints: The global market is primarily driven by the increasing need for businesses to comply with stringent industry standards. Since legal process outsourcing services can be adopted at significantly lower pay rates with improved access to law-trained professionals who offer increased flexibility and allow companies to focus on core business processes, this is providing a boost to the market growth. Furthermore, leading players are heavily investing in the deployment of advanced technologies, such as document automation and natural language processing (NLP) software, which are positively influencing the market. Also, the rising utilization of predictive analytic tools and the integration of artificial intelligence (AI) with LPO software for minimizing the turnover time are creating a positive outlook for the market. Other factors, including the increasing need for reducing overhead expenses, intensive business competition, the growing popularity of virtual assistance across the corporate segment and the rising initiatives undertaken by multiple key players for acquiring non-disclosure certifications and agreements, are further projected to drive the market. View Report TOC, Figures and Tables: https://www.imarcgroup.com/legal-process-outsourcing-market/toc
Report Description and Highlights
Report Description Key Market Segmentation
The research report includes the following segments:
Breakup by Location: • •
Offshore Onshore
Breakup by Services: • • • • • •
Contract Drafting Review and Management Compliance Assistance eDiscovery Litigation Support Patent Support
Looking forward, IMARC Group expects the market to reach US$ 61.71 Billion by 2027, exhibiting at a CAGR of 30.50% during 2022-2027.
Report Description and Highlights
Report Description Breakup by Organization Size: • •
Small and Medium-sized Enterprises Large Enterprises
Breakup by End Use Industry: • • • •
BFSI Government Automotive Healthcare and Life Sciences
Breakup by Region: • • • • •
North America Asia Pacific Europe Latin America Middle East and Africa
Report Description and Highlights
Report Description Competitive Landscape: • • • • • • • • • • • •
Clairvolex Clarivate Cobra Legal Solutions LLC Elevate Services Inc Ernst & Young Global Limited Infosys Limited Integreon Inc Lex Outsourcing Mindcrest Inc. (DWF Group) Morae Global Corporation QuisLex Inc UnitedLex Corporation
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click here: https://www.imarcgroup.com/legal-process-outsourcing-market/requestsample
Key Questions Answered in the Report
Report Description
1. What has been the historical growth rate of the global Legal Process Outsourcing Market? 2. What has been the impact of COVID-19 on the global Legal Process Outsourcing Market? 3. What are the key factors driving the global Legal Process Outsourcing Market? 4. What is the breakup of the global Legal Process Outsourcing Market based on the type? 5. What is the breakup of the global Legal Process Outsourcing Market based on the application? 6. What is the breakup of the global Legal Process Outsourcing Market based on the distribution channel? 7. What are the key regions in the global Legal Process Outsourcing Market? 8. Who are the key players/companies in the global Legal Process Outsourcing Market?
Report Description 1
Preface
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends
Table of Contents
Report Description 5
Table of Contents
Global Legal Process Outsourcing Market Industry 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8
Market Overview Market Performance Impact of COVID-19 Market Breakup by Location Market Breakup by Services Market Breakup by Organization Size Market Breakup by End Use Industry Market Breakup by Region
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/legal-process-outsourcing-market/toc
A partial List of
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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions
A partial List of
We are the trusted business partners to the
of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions
Report Description and Highlights
Report Description
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