Legal data outsourcing has been in existence since the 1950 s when law firms started outsourcing activities that do not require their presence. Legal firms around the world find India one of the best outsourcing destinations because of access to a vast talent pool at easy rates. Some of the common services that are outsourced include agency work, document review, drafting, legal research and writing, drafting of pleadings and briefs etc. Most of these legal processes require a lot of time and the involvement of legal experts with a thorough knowledge of the legal procedures. Legal companies who do not have an in-house team to handle these complex and tedious process prefer to outsource these into offshore destinations like India.
There are approximately 1.2 million lawyers in India as per the reports of The Bar Council of India (BCI), the regulator of all Indian advocates. It is estimated that over 60,000 to 70,000 law graduates pass out every year, which makes this country a quality hub for legal service outsourcing. By outsourcing legal data processing, the law firms can save a lot of time and effort on these non core activities, which in turn could be diverted into the more important tasks that require their presence and direct involvement.
Outsourcing will greatly help to streamline productivity and to make the most of the man-hours. By segregating the work to the outsourcing partners, the risk and the work load of the legal companies get reduced considerably. The rising legal costs and the high competition in this field have prompted most law firms to consider outsourcing as a feasible option. The cost savings that they make can be transferred to the clients thereby bringing down the legal fees, which means they can offer the most competitive rates to their clients.
Cost saving is the biggest attraction of outsourcing the legal data entry services to India. Apart from the cost advantage, access to the skilled legal experts will make an added advantage for Western law firms that want to make savings without compromising on the quality of work.
Why Legal Data Outsourcing to India
India’s legal services are widely considered as efficient and cost effective, which means that US firms need to pay one-fourth of what it has to pay to get the same work done in the US. When attorneys charge anything from $150 to $500 per hour for their service, Indian outsourcing firms charge only a fraction of this cost.
The legal data outsourcing firms in India had registered an annual growth of 200% during the recession because more legal companies wanted to beat the high legal costs. Legal data outsourcing has been on a steady growth pattern for the last many years and it is expected to keep up the trend. Outsourcing of legal work to Indian companies will cost 75% less than the cost they might have incurred in Western countries.
The outsourcing companies in India provide high end and specialized legal support and research services, which will ensure more value for money. Outsourcing will relieve the work pressure of lawyers