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Follow on Google News | Looking Beyond India for Successful Legal Process OutsourcingThis new mindset is leading to a surge in new destinations and operating models for LPO work.
Redefining LPO As the LPO industry matures and expands, corporate legal departments and law firms alike are becoming more open-minded about the types of legal processes to outsource and where their LPO providers are located. The trend today is to think about outsourcing in its broadest terms as "to outsource any legal work -- including from one law firm to another law firm -- in any geographical location, for example from the UK to Kenya, India to Uganda and so on." Rethinking LPO This new mindset is leading to a surge in new destinations and operating models for LPO work. Examples of new LPO locations include the UK, Chile, Ghana, Jamaica, Poland, Romania, Russia, South Africa, the Philippines, and Vietnam. These regions share several important attributes: they offer a rich pool of multi-skilled talent with a high work ethic. They also have cost advantages, sound IT and telecom infrastructure, good connectivity, ease of travel, government support, business-friendly policies and cultural compatibility. Relocating Legal Process Outsourcing (http://www.connect- The concept of "near-shoring" * Proximity and Time Zone * Cultural Affinity and Ease of Doing Business * Cost Savings Although near-shore rates can be higher, near-shore engagements offer greater efficiency gains that working in close proximity and in the same time zones can bring. Therefore, near-shoring can be more efficient in achieving higher percentages of work performed at a lower cost location than offshore. Thinking past simple labor arbitrage, companies that engage in long-term engagements, measured by strategic service level agreements, can better leverage the advantages of the near-shore model. The near-shoring trend illustrates the value of LPO (http://www.connect- Check more info about : Law Conferences San Francisco (http://www.connect- End
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