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We understand how crucial it is to assess the risks involved in litigation and reduce them.
We proactively support by providing expertly executed data processing and document review services so you have all the insights that you need to make informed decisions, faster.
Get in touch with us so we can be in your corner too. Visit ldmglobal.com
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The deployment of outsourced legal experts as part of legal process outsourcing can deliver a decisive competitive advantage.
It improves the internal team’s capacity, efficiency, and overall performance.
With an exhaustive Contract Lifecycle Management (CLM) to be dealt with diligently, from creation, negotiation to approval, outsourcing is the way to go.
Talk to us about how outsourcing services and the latest technology solutions can help you today. Visit ldmglobal.com
LDM Global’s Cayman Island office opened its doors in 2015 and has been assisting Caribbean and Latin American clients successfully for over 6 years.
LDM Global’s Dublin office opened in 2019 bringing improved accessibility and local support for our clients in the Republic of Ireland and Northern Ireland.
A dedicated litigation support partner such as LDM Global will be better equipped to apply creativity and technical knowledge to extract use
Litigation support services are an essential component of a successful law firm. These services help overcome the gaps in your firm by providing a variety of resources and support for your team. From document preparation and review to electronic discovery and database management, litigation support services offer an array of offerings designed to make the entire legal process more efficient and successful.
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LDMGlobal Providing real-time contract management services to promote transparency, prevent financial loss, and monitor contract compliance
Your contracts are at the heart of your every business decision. Whether you have ten or 10,000 contracts, you need to understand and manage your contracts.
We work with you to help you organize and understand your contract corpus.
Our team of well-trained and experienced contract specialists can assist you in managing your contracts from creation through to execution and tracking your obligations under these contracts.
How to increase efficiency and profitability via legal process outsourcing
A little about legal process outsourcing
It’s a process wherein a company or the legal department of a company seeks legal assistance from a third party popularly known as legal process outsourcing. When it happens between 2 countries, the process is called “offshoring.”
The concept has always been in existence. After covid, it gained even more popularity in the legal market as now more Western countries’ legal firms now prefer to outsource to the best legal process outsourcing companies in India.
How outsourcing legal jobs is beneficial for a company’s efficiency & profitability?
Cost-effective
One of the main reasons why companies prefer to outsource their legal jobs is reduced prices. LPO is cost-effective as there is a big difference in the cost of labor between 2 countries, especially India and the US. Outsourcing can lead to cost savings.
Updated technology
The top legal process outsourcing companies in India offer access to the latest technology and tools. These technologies and tools can be used to protect case-sensitive documents.
Flexibility
LPO offers flexibility to companies to concentrate on core business matters and takes away extra workload from the legal department.
Service
India which works in different time zone. The 12 hours difference in time gives round-the-clock service, therefore, minimizing delivery time.
Professional assistance
There are several other benefits of legal process outsourcing. Outsourcing helps the parent company to take control of the project and budget. You can expand your bandwidth as when off-shore and on-shore teams work together, they complete the project in much lesser time. These benefits make legal process outsourcing crucial for not just big organizations but for small and mid-size firms too. Indian companies have become a favorable destination to outsource legal work.
Legal process outsourcing: a thriving concept in the world of outsourcing
The perception of the legal department is quite compact and complex in the eyes of people. It has always been. But lately, the scenario has changed a bit. Earlier when every company had to hire its in-house legal department for handling all legal affairs now preferred to outsource them.
Yes, you read it right. Legal process outsourcing is pretty common these days.
Do not fret if you have no idea what is legal process outsourcing. By the end you will finish reading you will a fair idea of this concept.
Let’s begin with understanding what is legal process outsourcing
LPO is a process via which in-house legal departments and big firms outsource their legal jobs to those who can perform the same task at reduced cost and high quality. In short, the idea behind outsourcing legal work is to save costs and perform legal jobs more effectively and conveniently.
What is the nature of work that an LPO commonly handles?
An LPO undertakes several legal jobs like
Legal research
Document drafting and production
E-discoveries
Service of litigation support
Contract review and management
Services in intellectual property rights
Service of risk and compliances
What are some of the benefits of hiring a legal process outsourcing firm?
Let’s learn about how an LPO can benefit a company:
Cost-effectiveness
Saving cost is one of the main reasons why companies prefer to outsource their legal tasks. LPO is like an opportunity for law firms to access professional expertise while staying within the budget. It also saves costs that otherwise would have been spent on hiring a special legal team altogether.
2. A skilled workforce
There is nothing better than getting the same high-quality work at a lower cost. An LPO is a team of skilled legal professionals who have in-depth knowledge of the field. They ensure the timely completion of tasks with 100% adherence to the concerned country’s legal norms and guidelines.
3. Less turnaround time
All legal projects must be handled on priority. Having a team that is working round-the-clock on your project only increases efficiency by completing it on time. One of the benefits of outsourcing legal jobs to different time-zone countries like India is that there is the possibility of your project getting done way ahead of time.
4. Better focus on core operations
By outsourcing time-consuming legal jobs, you save yourself the time that now, could be spent on dealing with core operations.
What does the future hold for LPO?
Considering the present scenario, the future of an LPO seems bright in countries like India in terms of cost and efficiency. English, being the country’s official language, makes it the desired destination for outsourcing legal projects for countries like the US, UK, Australia, Canada, and more.
