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Legal Process Outsourcing Market Size, Share & Trends Analysis Report By Location (Offshore, On-shore), By Service (E-discovery, Patent Support), By Region (APAC, Latin America), And Segment Forecasts, 2022 - 2030

May 2022 | 115 pages | ID: L31D38F4665EN
Grand View Research, Inc.

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Legal Process Outsourcing Market Growth & Trends

The global legal process outsourcing market size is anticipated to reach USD 117.89 billion by 2030, exhibiting a CAGR of 30.9% over the forecast period, according to a new report by Grand View Research, Inc. Legal process outsourcing provides legal support to law firms and legal organizations at a lesser cost. Even though the work outsourced to LPO providers is primarily process-oriented, there are several niche LPOs that carry out legal services with considerably high levels of analytical skills. These tasks include patent application drafting and legal research, subject to training imparted by the clients. The LPO industry has developed significantly over the years as the number of LPO providers has grown considerably.

Currently, the services are delivered from the LPOs with staff in England, U.S., South America, the Philippines, and Canada. Moreover, the players have expanded from small boutique providers to Business Process Outsourcing (BPO), global consulting, and technology firms. As the LPO players enter the market and the existing players expand their capabilities, it becomes more crucial for the customers to choose an LPO provider best suited for their requirements. Furthermore, offshore outsourcing has been employed to a large extent. The demand for onshore outsourcing is expected to increase during the forecast period as it is an attractive solution for companies that prefer to collaborate with organizations in the same country.

Outsourcing to companies in the same country also provides advantages, such as a shared regulatory framework. Notable industry trends include a preference for on-shore outsourced solutions for better control and security. Furthermore, increased demand by stakeholders for delivering efficient, cost-effective services with the help of unique and innovative methods has resulted in the use of advanced service delivery models, including the use of on-shore locations to deliver LPO services. A majority of LPO service providers have automated solutions that enable efficient language processing and searching within documents. As the legal departments of several corporate organizations lack automation and integrated technology solutions, critical legal tasks, which require detailed document verification, are outsourced to LPOs.

With technology penetrating deeply into internal operations, Artificial Intelligence (AI) is another factor taking the legal industry to a new level. The software solutions enabled with AI capabilities have garnered utmost importance among law firms to enhance their efficiency and reduce timelines. Document production and proofreading of documents are efficiently done with the help of automation software. Team collaboration software is further streamlining the execution of all documentation processes. The significance of all these developments and technologies has attributed a greater value to the LPOs by decreasing their costs and increasing convenience.

Legal Process Outsourcing Market Report Highlights
  • Outsourcing agreements are expected to be placed under increased scrutiny owing to the potential for rule changes in the U.S., U.K., and India
  • Legal Process Outsourcing is being viewed as the solution for reducing the internal headcount along with cost-saving in the long run
  • LPO providers primarily focus on the establishment of back offices or centers in emerging markets of India, the Philippines, and South Africa, among others
  • Law firms have started deploying document automation and NLP (Natural Language Processing) capabilities to cater significantly to the reinvention of the legal industry
  • Legal regulations differ geographically, which is viewed as a barrier by cautious organizations considering the outsourcing of legal services

CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Information Procurement
  1.1.1 Purchased database
  1.1.2 GVR's internal database
  1.1.3 Secondary sources
  1.1.4 Third-Party perspective
  1.1.5 Primary research
1.2 Information Analysis & Data Analysis Models
1.3 List of Data Sources
1.4 Research Scope & Assumptions

CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET SNAPSHOT

3.1 LPO-Market Snapshot & Key Buying Criteria, 2017 - 2030

CHAPTER 4 LEGAL PROCESS OUTSOURCING INDUSTRY OUTLOOK

4.1 Market Segmentation & Scope
4.2 LPO-Market Size and Growth Prospects
4.3 LPO-Value Chain Analysis
4.4 LPO Market dynamics
  4.4.1 Market driver analysis
    4.4.1.1 Cost efficiency
    4.4.1.2 Effective utilization of resources
  4.4.2 Market restraint analysis
    4.4.2.1 Confidentiality risk
4.5 LPO Company Market Share, 2021
4.6 Penetration & Growth Prospect Mapping
4.7 Technology & Legal Services
4.8 Business Environmental Analysis Tools
  4.8.1 PEST analysis
    4.8.1.1 Political landscape
    4.8.1.2 Economic landscape
    4.8.1.3 Social landscape
    4.8.1.4 Technology landscape
  4.8.2 Porter's five force analysis
    4.8.2.1 Threat of new entrants
    4.8.2.2 Bargaining power of suppliers
    4.8.2.3 Bargaining power of buyers
    4.8.2.4 Threat of substitutes
    4.8.2.5 Competitive rivalry

CHAPTER 5 LEGAL PROCESS OUTSOURCING MARKET LOCATION ESTIMATES & TREND ANALYSIS

5.1 Market Estimates & Forecasts and Trend Analysis, 2017 - 2030 (Revenue, USD Million)
5.2 Legal Process Outsourcing Market: Location Movement Analysis
  5.2.1 Offshore Outsourcing
    5.2.1.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  5.2.2 On-shore Outsourcing
    5.2.2.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)

CHAPTER 6 LEGAL PROCESS OUTSOURCING MARKET SERVICE ESTIMATES AND TREND ANALYSIS

6.1 Market Estimates & Forecasts and Trend Analysis, 2017 - 2030 (Revenue, USD Million)
6.2 Legal Process Outsourcing Market: Service Movement Analysis
  6.2.1 Contract Drafting
    6.2.1.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.2 Review & Management
    6.2.2.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.3 Compliance Assistance
    6.2.3.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.4 E-discovery
    6.2.4.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.5 Litigation Support
    6.2.5.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.6 Patent Support
    6.2.6.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)
  6.2.7 Other LPO Services
    6.2.7.1 Market estimates & forecasts by region, 2017 - 2030 (Revenue, USD Million)

CHAPTER 7 LEGAL PROCESS OUTSOURCING MARKET REGIONAL ESTIMATES & TREND ANALYSIS

7.1 Market Estimates & Forecasts and Trend Analysis, 2017 - 2030 (Revenue, USD Million)
7.2 Legal Process Outsourcing Market Share by Region, 2021 & 2030
7.3 North America
  7.3.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
  7.3.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.3.4 U.S.
    7.3.4.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.3.4.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.3.5 Canada
    7.3.5.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.3.5.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.3.6 Mexico
    7.3.6.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.3.6.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
7.4 Europe
  7.4.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
  7.4.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.4.3 U.K.
    7.4.3.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.4.3.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.4.4 Germany
    7.4.4.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.4.4.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
7.5 Asia Pacific
  7.5.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
  7.5.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.5.3 China
    7.5.3.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.5.3.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.5.4 India
    7.5.4.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.5.4.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.5.5 Philippines
    7.5.5.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.5.5.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
7.6 Latin America
  7.6.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
  7.6.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
  7.6.3 Brazil
    7.6.3.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
    7.6.3.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)
7.7 MEA
  7.7.1 Market estimates & forecasts by location, 2017 - 2030 (Revenue, USD Million)
  7.7.2 Market estimates & forecasts by service, 2017 - 2030 (Revenue, USD Million)

CHAPTER 8 COMPETITIVE LANDSCAPE

8.1 Clairvolex
  8.1.1 Company overview
  8.1.2 Financial performance
  8.1.3 Product benchmarking
  8.1.4 Recent developments
8.2 Evalueserve
  8.1.1 Company overview
  8.2.2 Financial performance
  8.2.3 Product benchmarking
  8.2.4 Recent developments
8.3 Integreon Managed Solutions Inc.
  8.3.1 Company overview
  8.3.2 Financial performance
  8.3.3 Product benchmarking
  8.3.4 Recent developments
8.4 Clutch Group
  8.4.1 Company overview
  8.4.2 Financial performance
  8.4.3 Product benchmarking
  8.4.4 Recent developments
8.5 Cobra Legal Solutions LLC
  8.5.1 Company overview
  8.5.2 Financial performance
  8.5.3 Product benchmarking
  8.5.4 Recent developments
8.6 CPA Global Ltd.
  8.6.1 Company overview
  8.6.2 Financial performance
  8.6.3 Product benchmarking
  8.6.4 Recent developments
8.7 Exigent
  8.7.1 Company overview
  8.7.2 Financial performance
  8.7.3 Product benchmarking
  8.7.4 Recent developments
8.8 Infosys Ltd
  8.8.1 Company overview
  8.8.2 Financial performance
  8.8.3 Product benchmarking
  8.8.4 Recent developments
8.9 Legal Advantage LLC
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Recent developments
8.10 Lexsphere Pvt. Ltd.
  8.10.1 Company overview
  8.10.2 Financial performance
  8.10.3 Product benchmarking
8.11 Lexplosion Solutions Pvt. Ltd.
  8.11.1 Company overview
  8.11.2 Financial performance
  8.11.3 Product benchmarking
  8.11.4 Recent developments
8.12 Lex Outsourcing
  8.12.1 Company Overview
  8.12.2 Financial performance
  8.12.3 Product benchmarking
8.13 Mindcrest Inc.
  8.13.1 Company overview
  8.13.2 Financial performance
  8.13.3 Product benchmarking
  8.13.4 Recent developments
8.14 Pangea3
  8.14.1 Company overview
  8.14.2 Financial performance
  8.14.3 Product benchmarking
  8.14.4 Recent developments
8.15 QuisLex Inc.
  8.15.1 Company overview
  8.15.2 Financial performance
  8.15.3 Product benchmarking
  8.15.4 Recent developments
8.16 UnitedLex
  8.16.1 Company overview
  8.16.2 Financial performance
  8.16.3 Product benchmarking
  8.16.4 Recent developments

LIST OF TABLES

TABLE 1 Global LPO-Industry snapshot & key buying criteria, 2017 - 2030
TABLE 2 Global LPO market revenue, 2017 - 2030 (USD Million)
TABLE 3 Global LPO market revenue by region, 2017 - 2030 (USD Million)
TABLE 4 Global LPO market revenue by location, 2017 - 2030 (USD Million)
TABLE 5 Global LPO market revenue by service, 2017 - 2030 (USD Million)
TABLE 6 Global offshore LPO market by region, 2017 - 2030 (USD Million)
TABLE 7 Global on-shore LPO market by region, 2017 - 2030 (USD Million)
TABLE 8 Global contract drafting market, 2017 - 2030 (USD Million)
TABLE 9 Global contract drafting market by region, 2017 - 2030 (USD Million)
TABLE 10 Global review and management market, 2017 - 2030 (USD Million)
TABLE 11 Global review and management market by region, 2017 - 2030 (USD Million)
TABLE 12 Global compliance assistance market, 2017 - 2030 (USD Million)
TABLE 13 Global compliance assistance market by region, 2017 - 2030 (USD Million)
TABLE 14 Global e-discovery market, 2017 - 2030 (USD Million)
TABLE 15 Global e-discovery market by region, 2017 - 2030 (USD Million)
TABLE 16 Global litigation support market, 2017 - 2030 (USD Million)
TABLE 17 Global litigation support market by region, 2017 - 2030 (USD Million)
TABLE 18 Global patent support market, 2017 - 2030 (USD Million)
TABLE 19 Global patent support market by region, 2017 - 2030 (USD Million)
TABLE 20 Global other LPO services market, 2017 - 2030 (USD Million)
TABLE 21 Global other LPO services market by region, 2017 - 2030 (USD Million)
TABLE 22 North America market by location, 2017 - 2030 (USD Million)
TABLE 23 North America market by service, 2017 - 2030 (USD Million)
TABLE 24 U.S. LPO market by location, 2017 - 2030 (USD Million)
TABLE 25 U.S. LPO market by service, 2017 - 2030 (USD Million)
TABLE 26 Canada LPO market by location, 2017 - 2030 (USD Million)
TABLE 27 Canada LPO market by service, 2017 - 2030 (USD Million)
TABLE 28 Mexico LPO market by location, 2017 - 2030 (USD Million)
TABLE 29 Mexico LPO market by service, 2017 - 2030 (USD Million)
TABLE 30 Europe LPO market by location, 2017 - 2030 (USD Million)
TABLE 31 Europe LPO market by service, 2017 - 2030 (USD Million)
TABLE 32 U.K. LPO market by location, 2017 - 2030 (USD Million)
TABLE 33 U.K. LPO market by service, 2017 - 2030 (USD Million)
TABLE 34 Germany LPO market by location, 2017 - 2030 (USD Million)
TABLE 35 Germany LPO market by service, 2017 - 2030 (USD Million)
TABLE 36 Asia Pacific LPO market by location, 2017 - 2030 (USD Million)
TABLE 37 Asia Pacific LPO market by service, 2017 - 2030 (USD Million)
TABLE 38 China LPO market by location, 2017 - 2030 (USD Million)
TABLE 39 China LPO market by service, 2017 - 2030 (USD Million)
TABLE 40 India LPO market by location, 2017 - 2030 (USD Million)
TABLE 41 India LPO market by service, 2017 - 2030 (USD Million)
TABLE 42 Philippines LPO market by location, 2017 - 2030 (USD Million)
TABLE 43 Philippines LPO market by service, 2017 - 2030 (USD Million)
TABLE 44 Latin America LPO market by location, 2017 - 2030 (USD Million)
TABLE 45 Latin America LPO market by service, 2017 - 2030 (USD Million)
TABLE 46 Brazil LPO market by location, 2017 - 2030 (USD Million)
TABLE 47 Brazil LPO market by service, 2017 - 2030 (USD Million)
TABLE 48 MEA LPO market by location, 2017 - 2030 (USD Million)
TABLE 49 MEA LPO market by service, 2017 - 2030 (USD Million)

LIST OF FIGURES

FIG 1 Market segmentation & scope
FIG 2 LPO Market size and growth prospects
FIG 3 LPO-Value chain analysis
FIG 4 LPO-Market dynamics
FIG 5 Top 10 preferred outsourcing countries worldwide, 2021 - 2022
FIG 6 LPO-Porter’s five forces analysis
FIG 7 LPO-PEST analysis
FIG 8 LPO-Company market share, 2021
FIG 9 LPO-Penetration & growth prospect mapping
FIG 10 LPO market share by location, 2021 & 2030
FIG 11 Global offshore LPO market, 2017 - 2030 (USD Million)
FIG 12 Global on-shore LPO market, 2017 - 2030 (USD Million)
FIG 13 LPO market share by service, 2021 & 2030
FIG 14 Global contract drafting market, 2017 - 2030 (USD Million)
FIG 15 Global review and management market, 2017 - 2030 (USD Million)
FIG 16 Global compliance assistance market, 2017 - 2030 (USD Million)
FIG 17 Global e-discovery market, 2017 - 2030 (USD Million)
FIG 18 Global litigation support market, 2017 - 2030 (USD Million)
FIG 19 Global patent support market, 2017 - 2030 (USD Million)
FIG 20 Global other LPO services market, 2017 - 2030 (USD Million)
FIG 21 LPO market share by region, 2021 & 2030


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