Jan,2016
In the present scenario, there is no denying the importance of the ever-growing legal outsourcing sector. It has been the trend over the last decade or so and will continue to develop exponentially in 2016, too. There has been a shift in the dynamics of international trade, and that includes the outsourcing industry. However, legal outsourcing services streamline your processes and enhance efficiency. The global financial meltdown saw even some supposedly strong economies of the world take a hit. Suddenly, law firms are seeking relief from bankruptcies and litigation that lending companies claim. Unable to cope with the rush, they [...]
Learn MoreDec,2015
In today's business landscape, there's a noticeable trend toward outsourcing to relieve the workload of handling non-core tasks. When it comes to the legal field, law firms can benefit from outsourcing litigation support services, allowing them to maintain their primary focus on core competencies. One of the fundamental principles of core competencies is delivering excellent customer service and pursuing valuable new business opportunities. Law firms may compromise these objectives if they are compelled to divert their attention to mundane and labor-intensive activities like research, documentation, and routine claims management. By outsourcing litigation support services, law firms are assured of increasing [...]
Learn MoreDec,2015
Outsourcing of specific services is a trend that has swamped nearly all major sectors of trade and commerce. We're reaping the clear benefits, with outsourced services nearly on par with mainstream ones. However, the legal sector took time to embrace these advantages fully. Legal Process Outsourcing (LPO) traces back to the 1950s, starting with outsourcing just the patent process. The first hesitant steps of LPO (Legal Process Outsourcing) were seen in the United States, Canada, Israel, the Philippines, and India, but LPO services became a permanent trend in the legal industry just after the global crisis when law firms faced [...]
Learn MoreDec,2015
In the present legal scenario, a growing trend is outsourcing legal services to third-party providers. This has helped law firms around the world in a number of ways. The first is the decrease in costs of legal services without compromising on the quality of services. This has, in turn, led to an increase in profit margins for the law firms, which can then offer competitive rates to their clients. By outsourcing repetitive and tedious tasks, lawyers can focus on the more important court appearances and analysis of materials collected by researchers. A few examples will prove this point. Immigration lawyers [...]
Learn MoreNov,2015
Review requests often overwhelm the lawyers working in a legal or business firm. A significant amount of time is spent in negotiation, contract drafting, legal contract review, and management, which is a grueling process due to high volumes. They demand considerable capital for drafting, reviewing, and managing contracts, and the process as a whole is a critical one. Organizations need to improve their capability to cater to the demand for contract legal-liability advice, edit and improve service in order to decrease risks, such as unintentional obligations that result in unapproved contract changes, propagation in languages that increase the chances of [...]
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