Advantage Indian LPO

Cost, quality and efficient leadership are the three potent forces that would ensure greater tapping of offshored work by the country's Legal Process Outsourcing (LPO) industry.

The Indian LPO industry, which is still at an evolving phase, is set to grab a major part of the global offshoring business, keeping in conformity with its high-end competitive advantages, a seminar recently held in New Delhi noted.

The seminar on "Careers in the LPO industry" stressed the need to ensure high-quality legal work rather than bulk low-quality work.

"Building an institution that can do high-quality legal work is the challenge facing the industry and would define its size in the years to come," Vijay Rao of Juri Matrix Legal Services said at the seminar.

The seminar, which saw participation of students and lawyers, discussed at length the expanding scope of the LPO industry.

According to market estimates, the Indian LPO industry, which currently enjoys 3-4 per cent of the USD 250 billion global market, is expected to grow upto 6-7 per cent by 2010. — PTI