HfS examines market for Legal Process Outsourcing (LPO). Recent cost pressures in corporate legal departments has driven them to seek alternatives to traditional law firms and are increasingly turning to LPO for bulk legal work.
The market for legal services outsourcing is growing and will continue to grow apace. The macroeconomic environment will eventually stabilize, but business practices have changed over the last couple of years. During this time, corporate legal departments have adapted to cost pressures by seeking out new suppliers, the LSOs, with permanent implications for law firms.
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