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Monday May 04, 2015
Monday May 04, 2015
The global legal process outsourcing (LPO) market is expected to reach USD 8,568.5 million by 2020, according to a new study by Grand View Research, Inc. Cost effectiveness through outsourcing non-core legal activities is expected to be the key driving force for the market over the next six years. Additionally, LPO facilitates higher resource utilization, which is also expected to fuel industry growth over the forecast period.
Legal process outsourcing allows in-house legal counsel to work on tasks which are high-value in nature, thus driving profitability. Additionally, unanticipated legal activities can be effectively handled; LPO also helps reduce overall external spending. Security and confidentiality concerns were the major barriers to LPO adoption; however, these can be resolved with the help of strong service level agreements (SLA) among other techniques.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/legal-process-outsourcing-lpo-market
For more information, visit http://www.grandviewresearch.com/
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