The Asia Pacific legal process outsourcing (LPO) market is driven majorly by the easy availability of cheap labor and high penetration of law professionals. India has witnessed major development opportunities in the recent years owing to the business operations and strong customer base in North America and Europe. The Philippines and China cover a major share in the Asia Pacific legal process outsourcing market due to the provision of services at lower costs for the North American customers. Favorable initiatives toward the development of LPO sectors by the Indian government allow increased foreign investments. These initiatives provide big players to establish their businesses in the Indian industries with minimum liabilities and investments.
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The Asia Pacific legal process outsourcing (LPO) market value exceeded USD 2.8 Billion in 2017 and is growing at over 39% from 2018 to 2024.
Based on services, litigation support is expected to witness several growth opportunities in the market owing to the efficiency of providers. These services offer attorney assistance for managing medium to large-scale litigations, design, implementation of databases, and the development of data management services. The utilization of these services benefits customer organizations to achieve both, software and hardware tools’ features such as database applications, conversion tools, precision tooling, and hosted solutions. They also include additional features of compliance with the e-discovery guidelines accepted in the market.
Offshore locations service platform in the market has dominated in the recent years. Major customer organizations utilize these services to achieve low-cost benefits and improved efficiency provided by the LPO companies. Offshore legal processing accounts for a better focus on the core business tasks when compared to the onshore alternatives. A major factor propelling the growth of offshore services in the market is the presence of efficient legal professionals in India who have low earnings when compared to their North American counterparts.
The major players in the market include CPA Global, Bodhi Global Services, The ADEC Group, Clairvolex, Cobra Legal Solutions, Infosys Limited, Evalueserve, Integreon, Inc., Lexplosion Solutions Pvt. Ltd., Lexsphere, Quislex, Mindcrest, and Pangea3. Companies in the market focus on developing contracts and longtime partnerships with major global organizations to provide enhanced customer services, thereby sustaining strong industry competition.
Segments Covered in this Report:
The above information is provided for the following countries: