Interesting facts about Legal process outsourcing

• 83% of businesses AM Measure 50 refused to say whether they had used LPO
• By contrast, conservative Fronterion estimated that between 65-75% of AM 50 companies use varying degrees LPO
• Reluctance to disclose LPOS work that could be linked to the ethical ambiguity. A new study by Fronterion has found that, although many law firms in the United States is using legal outsourcing providers for the first time, few are willing to admit in public, leading to a culture of secrecy surrounding development increasingly important within the legal services sector.
Fronterion In a survey of 30 major U.S. companiesin the law I'm 50, 83 percent refused to say whether they had used the legal process outsourcing (LPO) providers, despite the fact that responses were confidential.
Only one company has confirmed it has taken place while LPO, to date, no company in the ads of Law 50 AM been made public on the subject. Thirteen percent of companies contacted said they were not outsourcing.
However, using their own primary research source market Fronterion conservatively estimated that between 65 and 75 percent † of the top 50 companies have used or are currently using LPO providers, either on an ad hoc request customers or through formal agreements. Many companies in the cases cited the sensitivity of the issue as a reason for not participating in the survey.
Much of the reluctance that we are seeing for the law firms to recognize the use of legal outsourcing providers stems from the ambiguity about the ethical issues, "said Bell." Working with outside vendors, if handled correctly, can be a clear selling point for a company willing to stand out from the crowd.
In recent months, a number of major UK companies have made public announcements about deals with providers of LPO and the potential savings they can offer to their customers. The growing popularity of legal outsourcing has also attracted the attention of regulators and bar associations. UK Law Society has launched a consultation on the impact of outsourcing on the profession, trade magazine The Lawyer reports.
In addition, the Attorney Regulation Authority has released its first public statement on the issue of legal outsourcing this week. The statement of the SRA, "When law firms are outsourcing some of its legal and administrative work to other firms or companies that no law, the orientation of the SRA is that this is allowed on the basis of all rules relevant are respected (Code of Lawyers' Conduct, 2007) and that the agreement is clear and agreed with the client. "The SRA full statement is available on the website of LPO Ethics.
Along with transparency, ethical considerations in legal outsourcing include: how to manage staff when positions move on the high seas or low-cost centers of ground services, how to monitor and maintain the quality of work carried out by external organizations, and how to set the pricing structure law when companies bill customers for work performed in conjunction with an LPO provider.
The basis for estimating LPO Fronterion penetration of AM Law 50 firms - 65% -75% - is a composite score of LPO provider reporting, legal outsourcing initiatives implemented by the attorney general, who involve their legal advisers external casualties by AM Law 50 companies in the study and the current experience working with companies Fronterion is similar pairs.
For the purposes of study, external legal Fronterion defined as working with external provider (s) on either an ad hoc connection or through established to provide legal support services and legal. Such services may include, but are not limited to document review, contract management, support for intellectual property and litigation support. traditional legal staffing, back office services such as information and accounting and finance, and legal support to low-level, such as transcription and typing services are not included in this study.
“‘At present there are just a handful of companies which are into legal outsourcing. But the field has lot of potential… it needs time to grow,’ says Kaviraj Singh, of Trustman Group, which is into legal outsourcing.”

Author:.

Kaviraj Singh is presently apppointed as a secretary general of Indian National Bar Association.  Kaviraj SIngh is the founder attorney of Trustman & Co – A Law Firm at Delhi India for patent, patent PCT application filing real estate Intellectual property right, prior art search, validity search, corporate law company formation/ incorporation/ registration international trade trademark real estate debt collection credit report due diligence legal risk business law foreign direct ...

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Aysuhmaan
11th March 2015 11:46am
Facts are interesting and exists. Sharing your link on Facebook to let people aware of the facts as well

Thank you

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