How Legal Process Outsourcing Evolved
Since the time of its inception, the strategy of outsourcing has majorly been associated with IT. With the passage of time, different industry verticals followed the footsteps of the Information technology vertical in adopting outsourcing as one of the most empowering business strategies. Owing to the changing business ecosystems and evolving success parameters, the legal domain too understood the importance of adopting the outsourcing strategy. The path of evolution has been great. Outsourcing initially started with BPO, and this evolved into KPO. The knowledge Process Industry proved to be a very expansive and it gave rise to diverse streams such as Legal Process Outsourcing (LPO).National Legal Staffing Support
This particular domain of outsourcing is not about staffing but more about managing people and processes with the help of technology. It encompasses superior analysis and extraction of data, followed by storing them in various readable formats. Data is of utmost importance and in the legal domain especially, nothing is redundant. Therefore, it becomes all the more important to classify each data into logical bits and save it in a way so that one can use it if the need arises.
Since infrastructure optimization and superior delivery of work are considered to be the parameters of success, therefore, it has become all the more important for law firms to outsource its peripheral services in to focus on business critical functions and quality project deliverables. What earlier started with mere management of litigations has undergone tremendous transformation to include many more things.
• Include more diversified LPO services. Many service providers have diversified service portfolios rather than focus on litigation. These services range from compliance, patent support, contract management, property management, litigation support.
• Enable consolidation and collaboration of operations. The changing market dynamics forced multiple LPO service providers to collaborate and create a common service stable. With economic challenges weighing heavily on the individual service providers, it became imperative to collaborate on the terms of technology and infrastructure.