Business process outsourcing is here to stay. And with increasing numbers of companies looking for creative ways to earn more without spending more, it is only natural. Take for example the legal process outsourcing Philippines is involved in.
To understand the concept, we should first define what legal process outsourcing is. According to Wikipedia.org, refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company. When the outsourced entity is based in another country the practice is sometimes called Offshoring.
LPO services are a nascent but growing practice, with relatively consistent market growth since early emergence of LPO in 2000/01. LPO providers have established themselves in India, the Philippines, the US, Israel and Latin America. They traditionally offer services in the areas of document review, legal research and writing, drafting of pleadings and briefs, and patent services outsourcing.
Although India is at the top of the LPO industry, it’s position is slowly being taken over by other developing countries like South Africa and the Philippines. This is primarily due to issues of quality. India was expecting a 200% growth in LPO but, due to lackluster performances of the LPO firms, have ended up with only about 60%. This is where the Philippines come in.
Due to the higher number of expert lawyers in the archipelago, plus the fact that culturally, the Philippines is very much Western, it is easier for countries such as the United States to have their documentation and contract reviews done by Filipinos.
