Another LPO Industry Report

LegalForest, Robert Lee's company has a new report on LPO, available for purchase at their website.

My favorite quote from the preview is:

Proponents of the LPO industry might point to the recent $7M Series C funding of Pangea3 (July 2007), perhaps the leading general service LPO, as a sign of the increasing legitimacy of this industry. However, at the same time comes news that one of the top ten LPO providers (as ranked by the Brown Wilson Group annual Black Book of Outsourcing), NeoWorth LPO, is no longer accepting new clients, and in fact may be closing its LPO operation!

Having previously worked with Robert Lee, I can say with some confidence that the readers of this report should expect some commentary grounded in reality than analyst reports conjuring up numbers for present industry size and anticipated growth.

As Eminem may put it, will the real LPO vendor(s) please stand up?!