Legal Process Outsourcing Market Is Expected to Arrive at USD 27.19 billion by 2024 : Radiant Insights , Inc
“ Offshore outsourcing is expected to grow at a CAGR of over 30 % from 2016 to 2024 , owing to the increased demand for these services in India and the Philippines .”
The global Legal Process Outsourcing ( LPO ) market is expected to reach USD 27.19 billion by 2024 , according to a new report by Grand View Research , Inc . Outsourcing legal activities allows organizations to manage workforce and time efficiently and helps them to focus completely on core business operations , which are responsible for revenue generation .
Countries such as India , South Africa , and the Philippines , which are popular destinations for LPO , have a significant time difference between Europe and the U . S . This time difference helps in providing a continuous workforce , whenever required . The cost of legal services in markets such as India is far lesser than that in North America . The per hour outsourcing costs in India is estimated to be as low as USD 10 , which is expected to considerably boost the savings .
Browse Full Report With TOC @ http :// www . radiantinsights . com / research / legalprocess-outsourcing-market
Additionally , outsourcing work to offshore locations ensures continuous operations since they follow 24-hour work cycles , thus ensuring the completion of a time-consuming work with high efficiency . In November 2008 , Wall Street Journal quoted that around 79,000 legal jobs based in the U . S . are
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