LegalResources announces re-launch of legal process outsourcing (LPO) services

LPO is the latest development in a worldwide trend for outsourcing that began in the 1990s. LPO generally refers to low level routine legal process work which can be outsourced to lower cost, common law jurisdictions such as India and Sri Lanka. The demand for LPO rose dramatically in the US and UK as a result of corporate legal budgets coming under the financial microscope during and post-GFC. Estimates of the global LPO market range from US$440m to US$640m and is expected to grow to US$4bn by 2015.

Led by newly appointed Chief Operating Officer, Clare Matthews, LegalResources provides discovery, contract drafting, review and management, and Intellectual Property services to both law firms and in-house legal departments. Unlike most of its competitors, LegalResources is an Australian owned and managed company set up to specifically cater to the Australian market by providing on-shore quality control and project management of LPO services provided by their panel of off-shore providers.

It is now becoming a frequent requirement for law firms to provide details of their LPO solution when responding to tenders for appointment to panels. Both in-house counsel and private practice lawyers are becoming increasingly aware of the benefits of LPO including significant cost savings, improved productivity and quality, the flexibility to manage overflow work and compete in different markets, and job satisfaction and reduced personnel churn.