Legal process outsourcing, or LPO, has gained traction among law firms over the years. The rising trend can be attributed to the increasing number of offshore legal service providers that offer their clients flexible and customized solutions with high quality of service. Are you wondering how it is possible to outsource in the legal industry? It is the same as outsourcing in any other industry. There are many tasks and roles involved in running a law firm. Just like any other industry, any task that is not client-facing or process-driven can be outsourced. With talented and skilled attorneys readily available in offshoring destinations, even tasks that require professional legal expertise are now being outsourced.
Law firms often find themselves overwhelmed with work. Legal process outsourcing is an effective solution for law firms looking to delegate tasks, reduce costs and increase productivity. They understand the importance of offshoring to their business. If you’re still undecided, let’s take a look at the benefits of legal process outsourcing for law firms.
– Cost savings
This is the most important benefit of offshoring and it applies to legal process outsourcing as well. Every firm strives to cut costs wherever it can, but running a law firm can be expensive. The salaries of the lawyers, the technology used, the infrastructure required, all these together cost a significant amount. So we can understand why hiring staff for every job and task is not an option for many law firms. But offshoring allows you to hire individuals at a significantly reduced price without incurring overhead costs. Law firms can save a lot of money by offshoring certain services and use them for marketing and growth purposes instead.
– Access to professionals
But cost savings mean nothing if the results aren’t up to par. While decades ago the sole purpose of offshoring was to cut costs, with technological advancements and globalization, offshoring now has more to offer. Popular offshoring destinations have some of the most talented and dedicated professionals. Law firms can access qualified and experienced lawyers who are familiar with international laws and other legal rules for various services. They have the necessary knowledge to maintain your law firm’s quality standards and meet your expectations. So, yes, you will save costs, but not at the expense of quality. On the contrary, you’ll gain access to talent that may be lacking in your region at a fraction of the cost.
– Increase productivity
We briefly mentioned that law firms are usually overwhelmed with work. When there aren’t enough hands to handle that work, attorneys typically have to work long hours to catch up. This can take a toll on your attorney’s productivity. An attorney’s job is to meet with clients, prepare case strategies and present them in court. Any other task is a distraction and a waste of valuable time. By offshoring, you hire professionals to help attorneys do their jobs and free up their time to devote to cases. Without extra work and long hours, your attorneys will be focused, productive, and able to complete their tasks efficiently, which reflects well on your firm.
– Focus on clients
No distractions mean increased productivity, but it also means your attorneys can focus on their clients and cases. A law firm’s reputation depends on the skills of its attorneys. They can do their jobs better when they have the time and energy to focus on their cases, which offshoring ensures. Every time your attorney wins a case, you have a satisfied client, which helps retain clients and build your firm’s reputation in the marketplace.
– Growth of the law firm
Offshoring allows your firm to delegate work between the in-house team and offshore staff, giving you the time and energy to think big and focus on growing your firm. Offshoring also gives you the tools you need to grow a business – people, infrastructure, and capital. All you need is new clients, which will be your goal.
Legal process outsourcing offers a way for law firms to keep up with work without spending too much time or money on hiring and recruiting.
