Financial gains underlie LPO work

Pricewaterhouse Coopers in its study has analyzed in detail the growth of LPO industry. They have found that legal services outsourcing provides the highest cost savings of 44% in comparison to other markets. The research also revealed that LPO services realise the highest profit margin for providers, with an average margin of 29%, ahead of IT (24%), finance and accounting (21%) and procurement (19%).

All these figures are indicative of the fact that legal outsourcing is the best avenue to provide cost saving, which in the present state of economic slowdown is the most coveted prize. The research also highlights the expansion plans of LPO service providers that points the increase in business meted out to them.