Legal Process Outsourcing (LPO) Market Analysis By Location (On-shore, Offshore), By Service (Contract Drafting, Review & Management, Compliance Assistance, E-Discovery, Litigation Support, Patent Support) And Segment Forecasts To 2020
The global legal process outsourcing (LPO) market is expected to reach USD 8,568.5 million by 2020. Cost effectiveness through outsourcing non-core legal activities is expected to be the key driving force for the market over the next six years. Additionally, LPO facilitates higher resource utilization, which is also expected to fuel industry growth over the forecast period.
Legal process outsourcing allows in-house legal counsel to work on tasks which are high-value in nature, thus driving profitability. Additionally, unanticipated legal activities can be effectively handled; LPO also helps reduce overall external spending. Security and confidentiality concerns were the major barriers to LPO adoption; however, these can be resolved with the help of strong service level agreements (SLA) among other techniques.
Further key findings from the study suggest:
Offshore LPO refers to outsourcing to service providers in other jurisdictions. Major offshore locations include India, the Philippines and South Africa. On-shore outsourcing is expected to pick up speed over the forecast period, since it is considered a relatively safer option as opposed to outsourcing offshore. It also provides benefits including a shared regulatory framework, which simplifies business processes.
e-discovery accounted for the largest market share of over 25% in 2013. Law firms aim to outsource activities which are low-value in nature, so as to target tasks such as giving strategic legal advice. Organizations prefer to handle core tasks, and outsource transactional activities that do not require high degree of specialized knowledge. Intellectual property (IP) support, litigation support, contract drafting and review are among other service activities.
Law firms in the U.S. and UK outsource business to domestic markets or emerging markets of Asia Pacific and RoW. Offshore outsourcing to countries such as India provides advantages in terms of cost saving, and tasks such as IP processes, document analysis and legal research are commonly outsourced there.
Industry participants include Bodhi Global Services, CPA Global Ltd., Pangea3, Cobra Legal Solutions, LLC, Clutch Group, LawScribe, Inc., etc. LPO providers offer a variety of services, and can be divided into core LPO, KPO, or legal support service companies.
For the purpose of this study, Grand View Research has segmented the global LPO market on the basis of product and region:
Legal process outsourcing allows in-house legal counsel to work on tasks which are high-value in nature, thus driving profitability. Additionally, unanticipated legal activities can be effectively handled; LPO also helps reduce overall external spending. Security and confidentiality concerns were the major barriers to LPO adoption; however, these can be resolved with the help of strong service level agreements (SLA) among other techniques.
Further key findings from the study suggest:
Offshore LPO refers to outsourcing to service providers in other jurisdictions. Major offshore locations include India, the Philippines and South Africa. On-shore outsourcing is expected to pick up speed over the forecast period, since it is considered a relatively safer option as opposed to outsourcing offshore. It also provides benefits including a shared regulatory framework, which simplifies business processes.
e-discovery accounted for the largest market share of over 25% in 2013. Law firms aim to outsource activities which are low-value in nature, so as to target tasks such as giving strategic legal advice. Organizations prefer to handle core tasks, and outsource transactional activities that do not require high degree of specialized knowledge. Intellectual property (IP) support, litigation support, contract drafting and review are among other service activities.
Law firms in the U.S. and UK outsource business to domestic markets or emerging markets of Asia Pacific and RoW. Offshore outsourcing to countries such as India provides advantages in terms of cost saving, and tasks such as IP processes, document analysis and legal research are commonly outsourced there.
Industry participants include Bodhi Global Services, CPA Global Ltd., Pangea3, Cobra Legal Solutions, LLC, Clutch Group, LawScribe, Inc., etc. LPO providers offer a variety of services, and can be divided into core LPO, KPO, or legal support service companies.
For the purpose of this study, Grand View Research has segmented the global LPO market on the basis of product and region:
- LPO Location Outlook (Revenue, USD Million, 2012 – 2020)
- On-shore outsourcing
- Offshore outsourcing
- LPO Services Outlook (Revenue, USD Million, 2012 – 2020)
- Contract drafting
- Review and management
- Compliance assistance
- e-discovery
- Litigation support
- Patent support
- Others
- LPO Regional Outlook (Revenue, USD Million, 2012 – 2020)
- North America
- Europe
- Asia Pacific
- RoW
CHAPTER 1 EXECUTIVE SUMMARY
1.1 Legal Process Outsourcing (LPO) - Industry Summary & Critical Success Factors (CSFs)
CHAPTER 2 LPO INDUSTRY OUTLOOK
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 LPO Value Chain Analysis
2.3.1 Key Driver Analysis
2.3.1.1 Cost efficiency
2.3.1.2 Effective utilization of resources
2.3.2 Key Restraint Analysis
2.3.2.1 Confidentiality risk
2.4 LPO Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 LPO - Company Market Share Analysis
2.8 LPO - PESTEL Analysis
CHAPTER 3 LPO LOCATION OUTLOOK
3.1 On-shore outsourcing
3.1.1 Global on-shore outsourcing demand by region, (USD Million), 2012 - 2020
3.2 Offshore outsourcing
3.2.1 Global offshore outsourcing demand by region, (USD Million), 2012 – 2020
CHAPTER 4 LPO SERVICES OUTLOOK
4.1 Contract drafting
4.1.1 Global contract drafting demand by region, (USD Million), 2012 - 2020
4.2 Review and management
4.2.1 Global review and management demand by region, (USD Million), 2012 – 2020
4.3 Compliance assistance
4.3.1 Global compliance assistance demand by region, (USD Million), 2012 - 2020
4.4 e-discovery
4.4.1 Global e-discovery demand by region, (USD Million), 2012 - 2020
4.5 Litigation support
4.5.1 Global litigation support demand by region, (USD Million), 2012 - 2020
4.6 Patent support
4.6.1 Global patent support demand by region, (USD Million), 2012 – 2020
4.7 Others
4.7.1 Global LPO demand in other services by region, (USD Million), 2012 - 2020
CHAPTER 5 LPO REGIONAL OUTLOOK
5.1 North America
5.1.1 North America LPO market revenue by location, (USD Million), 2012 – 2020
5.1.2 North America LPO market revenue by service, (USD Million), 2012 - 2020
5.2 Europe
5.2.1 Europe LPO market revenue by location, (USD Million), 2012 – 2020
5.2.2 Europe LPO market revenue by service, (USD Million), 2012 – 2020
5.3 Asia Pacific
5.3.1 Asia Pacific LPO market revenue by location, (USD Million), 2012 – 2020
5.3.2 Asia Pacific LPO market revenue by service, (USD Million), 2012 – 2020
5.4 RoW
5.4.1 RoW LPO market revenue by location, (USD Million), 2012 – 2020
5.4.2 RoW LPO market revenue by service, (USD Million), 2012 – 2020
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 ADEC Group
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Bodhi Global Services
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Clairvolex
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Clutch Group
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Cobra Legal Solutions, LLC
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 CPA Global Ltd.
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Exigent
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 Infosys Limited
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 Integreon Managed Solutions, Inc.
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 LawScribe, Inc.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 Legal Advantage
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
6.12 Lexplosion
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Strategic Initiatives
6.13 LexSphere
6.13.1 Company Overview
6.13.2 Financial Performance
6.13.3 Product Benchmarking
6.13.4 Strategic Initiatives
6.14 LEX Outsourcing
6.14.1 Company Overview
6.14.2 Financial Performance
6.14.3 Product Benchmarking
6.14.4 Strategic Initiatives
6.15 Mindcrest
6.15.1 Company Overview
6.15.2 Financial Performance
6.15.3 Product Benchmarking
6.15.4 Strategic Initiatives
6.16 Pangea3
6.16.1 Company Overview
6.16.2 Financial Performance
6.16.3 Product Benchmarking
6.16.4 Strategic Initiatives
6.17 Quislex
6.17.1 Company Overview
6.17.2 Financial Performance
6.17.3 Product Benchmarking
6.17.4 Strategic Initiatives
6.18 UnitedLex
6.18.1 Company Overview
6.18.2 Financial Performance
6.18.3 Product Benchmarking
6.18.4 Strategic Initiatives
CHAPTER 7 METHODOLOGY AND SCOPE
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
1.1 Legal Process Outsourcing (LPO) - Industry Summary & Critical Success Factors (CSFs)
CHAPTER 2 LPO INDUSTRY OUTLOOK
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 LPO Value Chain Analysis
2.3.1 Key Driver Analysis
2.3.1.1 Cost efficiency
2.3.1.2 Effective utilization of resources
2.3.2 Key Restraint Analysis
2.3.2.1 Confidentiality risk
2.4 LPO Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 LPO - Company Market Share Analysis
2.8 LPO - PESTEL Analysis
CHAPTER 3 LPO LOCATION OUTLOOK
3.1 On-shore outsourcing
3.1.1 Global on-shore outsourcing demand by region, (USD Million), 2012 - 2020
3.2 Offshore outsourcing
3.2.1 Global offshore outsourcing demand by region, (USD Million), 2012 – 2020
CHAPTER 4 LPO SERVICES OUTLOOK
4.1 Contract drafting
4.1.1 Global contract drafting demand by region, (USD Million), 2012 - 2020
4.2 Review and management
4.2.1 Global review and management demand by region, (USD Million), 2012 – 2020
4.3 Compliance assistance
4.3.1 Global compliance assistance demand by region, (USD Million), 2012 - 2020
4.4 e-discovery
4.4.1 Global e-discovery demand by region, (USD Million), 2012 - 2020
4.5 Litigation support
4.5.1 Global litigation support demand by region, (USD Million), 2012 - 2020
4.6 Patent support
4.6.1 Global patent support demand by region, (USD Million), 2012 – 2020
4.7 Others
4.7.1 Global LPO demand in other services by region, (USD Million), 2012 - 2020
CHAPTER 5 LPO REGIONAL OUTLOOK
5.1 North America
5.1.1 North America LPO market revenue by location, (USD Million), 2012 – 2020
5.1.2 North America LPO market revenue by service, (USD Million), 2012 - 2020
5.2 Europe
5.2.1 Europe LPO market revenue by location, (USD Million), 2012 – 2020
5.2.2 Europe LPO market revenue by service, (USD Million), 2012 – 2020
5.3 Asia Pacific
5.3.1 Asia Pacific LPO market revenue by location, (USD Million), 2012 – 2020
5.3.2 Asia Pacific LPO market revenue by service, (USD Million), 2012 – 2020
5.4 RoW
5.4.1 RoW LPO market revenue by location, (USD Million), 2012 – 2020
5.4.2 RoW LPO market revenue by service, (USD Million), 2012 – 2020
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 ADEC Group
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Bodhi Global Services
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Clairvolex
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Clutch Group
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Cobra Legal Solutions, LLC
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 CPA Global Ltd.
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Exigent
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 Infosys Limited
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 Integreon Managed Solutions, Inc.
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 LawScribe, Inc.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 Legal Advantage
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
6.12 Lexplosion
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Strategic Initiatives
6.13 LexSphere
6.13.1 Company Overview
6.13.2 Financial Performance
6.13.3 Product Benchmarking
6.13.4 Strategic Initiatives
6.14 LEX Outsourcing
6.14.1 Company Overview
6.14.2 Financial Performance
6.14.3 Product Benchmarking
6.14.4 Strategic Initiatives
6.15 Mindcrest
6.15.1 Company Overview
6.15.2 Financial Performance
6.15.3 Product Benchmarking
6.15.4 Strategic Initiatives
6.16 Pangea3
6.16.1 Company Overview
6.16.2 Financial Performance
6.16.3 Product Benchmarking
6.16.4 Strategic Initiatives
6.17 Quislex
6.17.1 Company Overview
6.17.2 Financial Performance
6.17.3 Product Benchmarking
6.17.4 Strategic Initiatives
6.18 UnitedLex
6.18.1 Company Overview
6.18.2 Financial Performance
6.18.3 Product Benchmarking
6.18.4 Strategic Initiatives
CHAPTER 7 METHODOLOGY AND SCOPE
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
LIST OF TABLES
Legal Process Outsourcing (LPO) – Industry Summary & Critical Success Factors (CSFs)
Global LPO market (Revenue), 2012 - 2020
Global LPO market by region (Revenue), 2012 – 2020
Global LPO market by type (Revenue), 2012 – 2020
Global LPO market by services (Revenue), 2012 – 2020
Global on-shore outsourcing demand, (Revenue), 2012 - 2020
Global on-shore outsourcing demand by region (Revenue), 2012 – 2020
Global offshore outsourcing demand, (Revenue), 2012 - 2020
Global offshore outsourcing demand by region (Revenue), 2012 – 2020
Global contract drafting demand (Revenue), 2012 – 2020
Global contract drafting demand by region (Revenue), 2012 – 2020
Global review and management demand (Revenue), 2012 – 2020
Global review and management demand by region (Revenue), 2012 – 2020
Global compliance assistance demand (Revenue), 2012 – 2020
Global compliance assistance demand by region (Revenue), 2012 – 2020
Global e-discovery demand (Revenue), 2012 – 2020
Global e-discovery demand by region (Revenue), 2012 – 2020
Global litigation support demand (Revenue), 2012 – 2020
Global litigation support demand by region (Revenue), 2012 – 2020
Global patent support demand (Revenue), 2012 – 2020
Global patent support demand by region (Revenue), 2012 – 2020
Global other LPO services demand (Revenue), 2012 – 2020
Global other LPO services demand by region (Revenue), 2012 – 2020
North America LPO market by type (Revenue), 2012 – 2020
North America LPO market by services (Revenue), 2012 – 2020
Europe LPO market by type (Revenue), 2012 – 2020
Europe LPO market by services (Revenue), 2012 – 2020
Asia Pacific LPO market by type (Revenue), 2012 – 2020
Asia Pacific LPO market by services (Revenue), 2012 – 2020
RoW LPO market by type (Revenue), 2012 – 2020
RoW LPO market by services (Revenue), 2012 – 2020
Legal Process Outsourcing (LPO) – Industry Summary & Critical Success Factors (CSFs)
Global LPO market (Revenue), 2012 - 2020
Global LPO market by region (Revenue), 2012 – 2020
Global LPO market by type (Revenue), 2012 – 2020
Global LPO market by services (Revenue), 2012 – 2020
Global on-shore outsourcing demand, (Revenue), 2012 - 2020
Global on-shore outsourcing demand by region (Revenue), 2012 – 2020
Global offshore outsourcing demand, (Revenue), 2012 - 2020
Global offshore outsourcing demand by region (Revenue), 2012 – 2020
Global contract drafting demand (Revenue), 2012 – 2020
Global contract drafting demand by region (Revenue), 2012 – 2020
Global review and management demand (Revenue), 2012 – 2020
Global review and management demand by region (Revenue), 2012 – 2020
Global compliance assistance demand (Revenue), 2012 – 2020
Global compliance assistance demand by region (Revenue), 2012 – 2020
Global e-discovery demand (Revenue), 2012 – 2020
Global e-discovery demand by region (Revenue), 2012 – 2020
Global litigation support demand (Revenue), 2012 – 2020
Global litigation support demand by region (Revenue), 2012 – 2020
Global patent support demand (Revenue), 2012 – 2020
Global patent support demand by region (Revenue), 2012 – 2020
Global other LPO services demand (Revenue), 2012 – 2020
Global other LPO services demand by region (Revenue), 2012 – 2020
North America LPO market by type (Revenue), 2012 – 2020
North America LPO market by services (Revenue), 2012 – 2020
Europe LPO market by type (Revenue), 2012 – 2020
Europe LPO market by services (Revenue), 2012 – 2020
Asia Pacific LPO market by type (Revenue), 2012 – 2020
Asia Pacific LPO market by services (Revenue), 2012 – 2020
RoW LPO market by type (Revenue), 2012 – 2020
RoW LPO market by services (Revenue), 2012 – 2020
LIST OF FIGURES
LPO Market Segmentation
Global LPO market (Revenue), 2012 - 2020
LPO value chain analysis
LPO market dynamics
LPO – Company market share analysis, 2013
Key Opportunities Prioritized
Industry Analysis - Porter's
LPO PESTEL Analysis, 2013
LPO market share by type, 2012 & 2020
Global on-shore outsourcing demand (Revenue), 2012 – 2020
Global offshore outsourcing demand (Revenue), 2012 – 2020
LPO market share by services, 2012 & 2020
Global contract drafting demand (Revenue), 2012 – 2020
Global review and management demand (Revenue), 2012 – 2020
Global compliance assistance demand (Revenue), 2012 – 2020
Global e-discovery demand (Revenue), 2012 – 2020
Global litigation support demand (Revenue), 2012 – 2020
Global patent support demand (Revenue), 2012 – 2020
Global other LPO services demand (Revenue), 2012 – 2020
LPO market share by region, 2012 & 2020
North America LPO market, by type (Revenue), 2012 – 2020
North America LPO market, by services (Revenue), 2012 – 2020
Europe LPO market, by type (Revenue), 2012 – 2020
Europe LPO market, by services (Revenue), 2012 – 2020
Asia Pacific LPO market, by type (Revenue), 2012 – 2020
Asia Pacific LPO market, by services (Revenue), 2012 – 2020
RoW LPO market, by type (Revenue), 2012 – 2020
RoW LPO market, by services (Revenue), 2012 – 2020
LPO Market Segmentation
Global LPO market (Revenue), 2012 - 2020
LPO value chain analysis
LPO market dynamics
LPO – Company market share analysis, 2013
Key Opportunities Prioritized
Industry Analysis - Porter's
LPO PESTEL Analysis, 2013
LPO market share by type, 2012 & 2020
Global on-shore outsourcing demand (Revenue), 2012 – 2020
Global offshore outsourcing demand (Revenue), 2012 – 2020
LPO market share by services, 2012 & 2020
Global contract drafting demand (Revenue), 2012 – 2020
Global review and management demand (Revenue), 2012 – 2020
Global compliance assistance demand (Revenue), 2012 – 2020
Global e-discovery demand (Revenue), 2012 – 2020
Global litigation support demand (Revenue), 2012 – 2020
Global patent support demand (Revenue), 2012 – 2020
Global other LPO services demand (Revenue), 2012 – 2020
LPO market share by region, 2012 & 2020
North America LPO market, by type (Revenue), 2012 – 2020
North America LPO market, by services (Revenue), 2012 – 2020
Europe LPO market, by type (Revenue), 2012 – 2020
Europe LPO market, by services (Revenue), 2012 – 2020
Asia Pacific LPO market, by type (Revenue), 2012 – 2020
Asia Pacific LPO market, by services (Revenue), 2012 – 2020
RoW LPO market, by type (Revenue), 2012 – 2020
RoW LPO market, by services (Revenue), 2012 – 2020
