TechNavio Announces the Publication of its Report in India 2010 2014

Legal Process Outsourcing Market

TechNavio today published its report Legal Process Outsourcing Market in India 2 010 2014. February 27, 2012 -- The report aims to aid decision-makers gnificant trends impacting this market. understanding of the si

Commenting on the report, an analyst from TechNavio s IT Services team said, "Today, India has become the hub for LPO services. It is the biggest market globally. T he major source for its consistency of high-quality work has been the skilled la bor pool, and the implementation of various quality control measures by Indian c ompanies to ensure a high-quality service; which attracts various MNCs for outso urcing projects. The labor rate for a highly skilled labor force in India is ver y economical as compared to their counterparts in the US and UK. Also the legal system present in India is very similar to that of the US and UK; hence, there e xists a better understanding of each client's requirements." According to the report, the Government of India has recognized the potential of LPO in the economic development of the country. The pace at which the LPO marke t in India is growing, and the ability to sustain growth has made the Government aware of the immense employment opportunities. Hence, the Government has taken remarkable measures in the liberation and deregulation of policies, such as redu cing licensing requirements, accessible foreign technologies, removal of restric tion on investments, and promoting outsourcing through foreign direct investment in 100 percent equity of firms in LPO. The rapid growth and increasing number o f law firms has made LPO a lucrative career for lawyers. The report also discusses that the key challenges faced by the LPO market in Ind ia are the need to improve quality, further investment in LPO infrastructure, an d a higher level of control. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report c ontains a comprehensive market and vendor landscape in addition to a SWOT analys is of the key players. TechNavio, the market research platform of Infiniti Research Ltd, publishes peri odic reports on niche and emerging technologies. For further information, please visit www.technavio.com. Follow us on Twitter @Technavio Media Contact: Ludmila Berkesova Program Manager Technavio 8 Wimpole Street W1G 9SP London UK Tel: 0044 207 637 2456 Fax: 0044 845 280 2825 ludmila@technavio.com http://www.technavio.com