In the last two years Indian legal services outsourcing has changed outstandingly. Newer services are added by the day. New vendors constantly appear while the existing vendors have spread their wings further.
With the legal services offshoring industry in India now valued at US$146 million and, growing at the tremendous pace of 50%, it is expected to reach $640 million by the end of 2010. At latest count there were over 7,500 employees in the legal offshoring business. Whereas other segments in the KPO space are estimated to be growing at 30% to 35% per annum, legal services have been projected as growing at over 40% per annum.
Companies of all sizes are entering the legal process outsourcing (LPO) space, and the earlier entrants are using every trick in the book to maintain their positions there.
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