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Legal Process Outsourcing finds big future in India
01 Jan 2006
US-based research firm Forester finds "legal process outsourcing can bring $4 billion and 79,000 jobs in India in ten years and boost Knowledge Process Outsourcing."
On the other side, the National Association of Software and Service Companies (NASSCOM) projected that legal processing outsourcing providers in India will soon rise up to $3 billion. In 2004-05, India earned $6.7 billion by providing services in software, technology and manufacturing outsourcing. In view of US associate lawyers' price tag between $225 and $450 per hour, India becomes a natural choice and already five of the 20-odd domestic KPO firms have established themselves and are tapping skilled legal professionals to handle the outsourced work.
In another report 'Offshoring Legal Services to India', ValueNotes, a leading provider of intelligence and research services, estimated that the sector employs around 1,800 professionals and expects this to grow to 24,000 by 2010.
This article is published and sponsered by offshoreoutsourcingworld.com
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