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Legal Process Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 145 pages | ID: L31FE73A5F37EN
IMARC Group

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The global legal process outsourcing market size reached US$ 15.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.0 Billion by 2028, exhibiting a growth rate (CAGR) of 27.7% during 2023-2028.

Legal process outsourcing (LPO) is a practice adopted by a law firm or corporation to acquire legal support services from an offshore service provider. It increases the efficiency and quality of legal procedures and allows organizations to focus their in-house legal workforce on higher-value activities. It is supported using software tools and electronic discovery, which manages large data and reduces the time and cost incurred on legal work. Some of the widely offered services by LPO include agency work, document review, legal research and writing, drafting of pleadings and briefs, and patent services.

Legal Process Outsourcing Market Trends:
The rising need for drafting agreements, contracts, meeting minutes, and letters for clients represent one of the key factors driving the market. Moreover, stringent cyber, tax, and intellectual property laws in several countries mandate companies to comply with industry standards. This, in turn, is propelling the growth of the market. In addition, there is an increase in the utilization of predictive analytic tools to reduce turnover time, integrate artificial intelligence (AI) tools with legal outsourcing services and improve business efficiencies of the financial firms. This, along with the growing focus of corporate organizations on core competencies, is positively influencing the market. Apart from this, there is an emergence of several outsourcing destinations for LPO with significant cost reductions. This, in confluence with the increasing awareness about the availability of virtual law assistants and law process automation, is contributing to the market growth. Furthermore, leading market players are currently undertaking several initiatives to acquire non-disclosure agreements and certifications. They are also focusing on building strong service level agreements (SLAs), which are projected to strengthen the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global legal process outsourcing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on location, services, organization size and end use industry.

Breakup by Location:

Offshore
Onshore

Breakup by Services:

Contract Drafting
Review and Management
Compliance Assistance
eDiscovery
Litigation Support
Patent Support
Others

Breakup by Organization Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by End Use Industry:

BFSI
Government
Automotive
Healthcare and Life Sciences
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and UnitedLex Corporation.

Key Questions Answered in This Report
1. What was the size of the global legal process outsourcing market in 2022?
2. What is the expected growth rate of the global legal process outsourcing market during 2023-2028?
3. What are the key factors driving the global legal process outsourcing market?
4. What has been the impact of COVID-19 on the global legal process outsourcing market?
5. What is the breakup of the global legal process outsourcing market based on the location?
6. What is the breakup of the global legal process outsourcing market based on the services?
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?
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

5 GLOBAL LEGAL PROCESS OUTSOURCING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY LOCATION

6.1 Offshore
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Onshore
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY SERVICES

7.1 Contract Drafting
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Review and Management
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Compliance Assistance
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 eDiscovery
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Litigation Support
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Patent Support
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Others
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY ORGANIZATION SIZE

8.1 Small and Medium-sized Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Large Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1 BFSI
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Government
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Automotive
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Healthcare and Life Sciences
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Clairvolex
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Clarivate
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
  15.3.3 Cobra Legal Solutions LLC
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Elevate Services Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Ernst & Young Global Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Infosys Limited
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Integreon Inc.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Lex Outsourcing
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Mindcrest Inc. (DWF Group)
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Morae Global Corporation
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 QuisLex Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 UnitedLex Corporation
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Legal Process Outsourcing Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Legal Process Outsourcing Market Forecast: Breakup by Location (in Million US$), 2023-2028
Table 3: Global: Legal Process Outsourcing Market Forecast: Breakup by Services (in Million US$), 2023-2028
Table 4: Global: Legal Process Outsourcing Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Legal Process Outsourcing Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Legal Process Outsourcing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Legal Process Outsourcing Market: Competitive Structure
Table 8: Global: Legal Process Outsourcing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Legal Process Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Legal Process Outsourcing Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Legal Process Outsourcing Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Legal Process Outsourcing Market: Breakup by Location (in %), 2022
Figure 5: Global: Legal Process Outsourcing Market: Breakup by Services (in %), 2022
Figure 6: Global: Legal Process Outsourcing Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Legal Process Outsourcing Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Legal Process Outsourcing Market: Breakup by Region (in %), 2022
Figure 9: Global: Legal Process Outsourcing (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Legal Process Outsourcing (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Legal Process Outsourcing (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Legal Process Outsourcing (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Legal Process Outsourcing (Contract Drafting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Legal Process Outsourcing (Contract Drafting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Legal Process Outsourcing (Review and Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Legal Process Outsourcing (Review and Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Legal Process Outsourcing (Compliance Assistance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Legal Process Outsourcing (Compliance Assistance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Legal Process Outsourcing (eDiscovery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Legal Process Outsourcing (eDiscovery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Legal Process Outsourcing (Litigation Support) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Legal Process Outsourcing (Litigation Support) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Legal Process Outsourcing (Patent Support) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Legal Process Outsourcing (Patent Support) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Legal Process Outsourcing (Other Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Legal Process Outsourcing (Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Legal Process Outsourcing (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Legal Process Outsourcing (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Legal Process Outsourcing (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Legal Process Outsourcing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Legal Process Outsourcing (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Legal Process Outsourcing (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Legal Process Outsourcing (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Legal Process Outsourcing (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Legal Process Outsourcing (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Legal Process Outsourcing (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Legal Process Outsourcing (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Legal Process Outsourcing (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Legal Process Outsourcing (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Legal Process Outsourcing (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Legal Process Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Legal Process Outsourcing Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Legal Process Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Legal Process Outsourcing Industry: SWOT Analysis
Figure 91: Global: Legal Process Outsourcing Industry: Value Chain Analysis
Figure 92: Global: Legal Process Outsourcing Industry: Porter's Five Forces Analysis


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