Fonterion predicts more emphasis on onshoring

International consulting firm for outsourced legal services has come out with its top 10 list of predictions for LPO domain.

The report emphasize on the already known facts like LPO to be the answer to all cost effective questions and technology being the USP of the offshoring proposition. However, the new facets that have emerged from this report are the ones which I think would govern the next year. For example the shift in focus to onshore delivery centers. The recent acquisition by Thomson Reuters of Pangea3 is one such example which can pave the way for further similar kind of developments. Another noteworthy finding is the increasing public acknowledgement. It is the acceptance that will propel growth for the entire industry.

To read full report, please click on the link. For a brief synopsis read …

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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UnitedLex Strengthens Market Position with Strategic Acquisition of LawScribe

UnitedLex, a global full service provider of technology powered legal & business solutions, announced that it has successfully completed the acquisition of LawScribe. With LawScribe's deep domain capabilities and tradition of thought leadership, UnitedLex will expand its insight and applications to reduce costs and solve complex legal & business challenges."UnitedLex's industry leading technology and long standing commitment to multi-shore delivery made our decision to join them an easy one," said Kunoor Chopra, President and CEO of LawScribe.