LPO is not only reserved for the large legal firms. Small to mid-sized law firms can also reap huge benefits by outsourcing their legal work to the LPO providers. There are a number of reasons why such firms should consider outsourcing some or many of their legal tasks. In the following text we have listed the top reasons.
Access to Resources
The small to mid-sized law firms in the USA often have more legal cases to process than they can handle. Due to this many of them are not able to meet the deadlines and the cases get delayed. Indian law system is quite the same as that of the USA and much of it is based on the English Common Law. The Indian LPO providers train their lawyers to gain complete understanding of various aspects of the US laws. India also has a huge English speaking population. In order to compensate for the lack of resources, it is in the best interest of the small to mid-sized law firms to outsource the legal work. This way they will be able to cater to the needs of their clients faster.
Outsourcing has largely been looked as the cost-cutting tool. Although outsourcing offers many more benefits to the law firms besides cost saving, it still remains as the primary reason for delegating the work to the offshore teams. There is a misconception that only the large firms save money by outsourcing their legal processes. If done in the right way, even the small to mid-sized firms can save great deal of money. Regardless the size of the firm, in order to complete specialized tasks a workforce will be required. Firstly, any firm will need to have the infrastructure ready to accommodate the employees. This, in itself, could cost a lot of money. Secondly, hiring process will take the bite out of the finances. Then, there will be the wages to pay to the employees and their managers.
Outsourcing saves money because you don’t have to worry about the infrastructure or the hiring costs. LPO providers have it all ready. And the labour cost is significantly low at the offshore LPO destinations.
More focus on important tasks:
Small to mid-sized firms do not work with the objective of maintaining their stature forever. Every firm works with the aim of growth and scalability. There are certain aspects of the business that need to be paid more attention to as compared to the others in order to have a desirable growth trajectory. Unfortunately, many law firm owners do not realize that staying caught up in the grunt work or unimportant tasks draws the focus away from more important goals. By outsourcing the legal work to the LPO providers, you can remove a great deal of burden from your shoulders. This way you can free yourself from the unnecessary chores and save yourself a lot of time. The time saved could be used to focus on the things that matter more. This way you can give more attention to the tasks that contribute more to the growth of the firm.