Saturday, June 13, 2009

Is LPOs set to yield $640 Million by 2011?

Legal Process Outsourcing (LPO) is a growing business segment and is expected to generate an income of $640 million by the year 2011. The industry is also expected to be the fastest growing outsourcing business, according to a report released by the research agency.

The findings based on ValueNotes maintains that India is expected to have a major share in this forecasted revenue from LPO, which will also open huge employment opportunities in India.

"LPOs are seen as a more stable career option than opportunities in the mainstream IT and ITeS sector.

Unlike other segments in outsourcing, the LPO segment has seen a robust growth even during recessionary times, thus providing a stable career option," said Lokendra Tomar, Chief Operating Officer, Asia-Pacific, Integreon, a LPO firm.

The LPO industry will be generating employment opportunities for all the lawyersincluding lawyers, graduates, freshers and MBAs.


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