Thursday, May 26, 2011

Legal Advice:Businesses calling India for $25 legal advice

A growing number of Canadian companies are outsourcing legal services to places like India for just $ 25 per hour, according to a recent article in a publication of the Canadian Bar Association.

The obvious advantage is the cost of driving the trend, says author Patti Ryan in the latest issue of the Journal of the National CBA.

Bangalore An attorney may charge only $ 25 per hour compared with hundreds a local company can charge.

The time difference can also be an advantage. With legal teams on both sides of the Atlantic, the documents can be delivered in less than 24 hours in some cases.

In addition, India has about one million lawyers trained in the basics of English common law. Thousands more are graduating each year.

legal process outsourcing (LPO) has been present for at least a decade, but Canadian companies have been slow to catch on, especially for security reasons, Ryan writes.

Legalwise was the first dedicated to LPO opened in Canada in 2006. Today, there are a handful of suppliers with lawyers working in India, the Philippines and South Africa.

LPO revenues for 2010 were an estimated $ 640 million and forecasts of Forrester Research, could reach $ 4 billion in 2015.
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