Global Legal Process Outsourcing (LPO) Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

Legal process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company (LPO provider). When the LPO provider is based in another country, the practice is called offshoring and involves the practice of outsourcing any activity except those where personal presence or contact is required, e.g. appearances in court and face-to-face negotiations. When the LPO provider is based in the same country, the practice of outsourcing includes agency work and other services requiring a physical presence, such as court appearances. This process is one of the incidents of the larger movement towards outsourcing. The most commonly offered services have been agency work, document review, legal research and writing, drafting of pleadings and briefs, and patent services. The Legal Process Outsourcing (LPO) market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Legal Process Outsourcing (LPO) market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Legal Process Outsourcing (LPO) Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Legal Process Outsourcing (LPO) market are: QuisLex CPA Global Cobra Legal Solutions Thomson Reuters Amstar Litigation Support LONDON LEGAL Cogneesol Konecta Clutch Group Prism Legal Unitedlex Elevate Services Exactus Most important types of Legal Process Outsourcing (LPO) products covered in this report are: Contract Drafting Review Management Compliance Assistance E Discovery Litigation Support Patent Support Other LPO Services Most widely used downstream fields of Legal Process Outsourcing (LPO) market covered in this report are: Offshore Onshore Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.