Speaking of the globalized economy today, businesses have just one aim – to increase their output and reduce their costs. Taking that into account, there are two terms that are constantly coming to the forefront: legal process outsourcing India and offshoring. Apparently, they might seem the same. However, there are certain inherent differences between the two.
In this post, we will update you about both these terms and their multiple facets, which will assuredly help you make an informed decision about the same.
What is the outsourcing of legal procedures?
In standard terms, seeking the services of a virtual paralegal or outsourcing of the work implies – the practice of contracting legal work to external service providers, often within the same country. This can include tasks like legal research, document review, contract drafting, and compliance work.
What is offshoring?
Offshoring implies – relocating the business to a different geographical domain in order to leverage the business costs in the long run.
What are the key differences?
The primary differences between legal process outsourcing in India and the offshoring process are –
- Geographically, legal outsourcing can happen within the set domains. However, when it comes to offshoring, the dimensions and domains change – and beyond the domestic boundary.
- Cost structure is another issue that one needs to keep in mind. Offshoring may decrease the total costs overall, but when it comes to specialized services, the costs drastically escalate. However, that is not the case with outsourcing legal work since you get expert jobs done at standard rates.
- Quality control is an issue that, in more than a singular case, can hurt the firm’s reputation. In the case of outsourcing, you can assuredly manage the quality levels since there is direct control. However, when it comes to the offshoring process, managing quality is almost impossible, and this leads to multiple issues.
Hence, as a legal firm, you have to choose in this case.
What to consider for business?
Before you decide to choose the services of a virtual paralegal or offshoring, here are a couple of factors that you must consider –
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Always check the quality
In more than a single case, it has been found that offshoring might have reduced costs drastically, but overall, the quality suffers as well. A study by a noted financial firm has confirmed the same.
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Lack of cultural compatibility
This is another crucial issue that you have to take note of – such offshoring services in more than a single scenario creates issues with respect to the cultural compatibility of the firm.
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Issues regarding regulatory compliances
Lastly, when it comes to offshoring, multiple issues related to lack of regulatory compliance crop up, which incessantly affects the quality of work delivered.
Parting Words
Assuming you have read this post well, you now have better clarity on what the primary differences are between the two and which to opt for when it comes to taking the pick. It is essential that you decide for yourself which one is the most suitable service that you can extend to your clients and how to take that and move forward. Ultimately, there is one thing that you have to remember, and that is – whichever option you opt for, you need to connect with a credible firm/individual so that the quality of your job is in no way affected whatsoever.
