Friday, December 10, 2010

How will 2011 spell out for LPO business?

The LPO Program today released its forecast of the 2011 LPO market showing high growth in all areas of the legal community. The main user of LPO continues to be Corporate Law Departments, who are forecast to add $129m of spending in 2011. Law firms are shaking off traditional caution and are fuelling 41% of the projected growth. On these forecasts, it is expected that at least 9 high profile deals will be announced by law firms in the next 12 months.

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