Monday, April 23, 2007

LPO Growth: Cause and Effect!

There are two things which keep increasing, first-year associate salaries and size of LPO companies!

First-year associate salaries in the US have hit $150,000 - $160,000, in the UK the situation is no different with salaries touching £66,000 - £69,000. Such an increase taking place at the time when Legal Process Outsourcing is gaining a greater acceptance has one obvious effect: growth in the size of LPO companies and their offerings. Mindcrest, one of the earliest LPO companies in India announced the launch of a new 400-seat facility in the western Indian city of Pune. Pune, by the way, has a large population of law schools and is already a favored IT and manufacturing destination.

I think the fatter pay packages for the associates would surely mean one thing in their job profiles: managing projects using off-shored LPO vendors!