What is Legal Process Outsourcing - LPO?

LPO or Legal Process Outsourcing is the outsourcing of legal processes and is the main tool for optimizing the resources of a legal department.

In times when companies are growing in complexity and geographical reach, legal needs have been growing at the same time, so, The challenge for legal departments is to optimize resources and reduce costs.

One way to solve these problems is through Legal Process Outsourcing, management tool that allows to focus efforts and capacities on those activities that are the core of the business and add value to stakeholders.

Basically, it can be defined as the subcontracting of functions from parts of the production chain of legal services. It focuses on those repetitive, low-risk, high-volume deliverables and ensures that the company does not increase its exposure to legal risks.

It is offered by the calls alternative legal services providers (alternative legal service providers), which, by applying project management methodologies, multidisciplinary teams and technology use provide reliable solutions to these challenges.

In addition to cost savings, the subcontracting of legal processes offers other advantages:

• Improvement in service levels.
• It allows to focus internal legal force on high-value activities.
• It creates additional capacities for unforeseen legal needs.
• It increases access to external talents.
• It improves the capacity to rapidly expand or reduce operations.

The demand for LPO services has grown at accelerated steps due to factors such as globalization, increased costs of legal services, development of new technological tools and greater automation of legal processes.

According to Advance Market Analyticsthe market study by Legal Process Outsourcing, on the scope of the product and industry, The market is expected to grow at a growth rate of 26%.

Also, Marketwacht reported in September 2018 that The industry is expected to exceed $40 billion by 2024.

The main actors of LPO on a global level, according to MarketWatch, are Axiom Law, UnitedLex, Pangea3, Elevate Services, QuisLex, Integreon and Mindcrest.

Alster Legal is the company that has led LPO services in Latin America thanks to its value proposal aimed at contributing to the efficiency of legal departments, use of other methodologies as a flexible workforce and a wide range of technologies selected globally.

We invite you to contact us and learn more about our solutions for legal business departments!

Jimena Altuzarra, Communications Coordinator at Alster Legal.