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Insights on the Legal Process Outsourcing Global Market to 2027 - Featuring American Discovery, CPA Global and QuisLex Among Others - ResearchAndMarkets.com

September 7, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 7, 2021--

The “Legal Process Outsourcing (LPO) - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Legal Process Outsourcing (LPO) estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 18.9% over the analysis period 2020-2027.

Patent Support, one of the segments analyzed in the report, is projected to record a 22.4% CAGR and reach US$6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the E-Discovery segment is readjusted to a revised 16.5% CAGR for the next 7-year period.

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The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 18.3% CAGR

The Legal Process Outsourcing (LPO) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 15.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.

Litigation Support Segment to Record 19.5% CAGR

In the global Litigation Support segment, USA, Canada, Japan, China and Europe will drive the 19.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$645.7 Million in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.

Select Competitors (Total 57 Featured):

  • American Discovery
  • Amstar Litigation Support
  • Cobra Legal Solutions, LLC
  • CPA Global Limited
  • Elevate Services Inc.
  • Infosys BPM Ltd.
  • Integreon, Inc.
  • Lex Outsourcing
  • Mindcrest, Inc.
  • QuisLex
  • SmithDehn India
  • Thomson Reuters Corporation
  • UnitedLex Corporation
  • Wipro Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Market Drivers
  • Market Challenges
  • Recent Market Activity
  • Current and Future Analysis
  • India: A Potential Laden Market
  • Patent Support Services Garner Larger Pie
  • A Snapshot of Global LPO Industry
  • Major Countries Involved in LPO
  • LPO Industry Flourishes
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • American Discovery (USA)
  • Amstar Litigation Support (USA)
  • Cobra Legal Solutions, LLC (USA)
  • CPA Global Limited (UK)
  • Elevate Services Inc. (USA)
  • Evalueserve, Ltd. (Switzerland)
  • Infosys BPM Ltd. (India)
  • Integreon, Inc. (USA)
  • Lex Outsourcing (India)
  • Mindcrest, Inc. (USA)
  • Morae Global Corporation (USA)
  • QuisLex (USA)
  • SmithDehn India (India)
  • Thomson Reuters Corporation (USA)
  • UnitedLex Corporation (USA)
  • Wipro Limited (India)

3. MARKET TRENDS & DRIVERS

  • Law Firms Increasingly Adopt Outsourcing Models
  • Larger LPO Pure-Plays to Play a Decisive Role
  • Major Trends in the Global LPO Industry
  • Geographic Perspective
  • Leading Offshore Destinations
  • India - A Key Destination for Offshore Legal Services
  • European Firms Increasingly Opt for LPO
  • China Seeks to Attract LPO Work
  • LPO Services in Philippines to Witness Expansion
  • Mauritius Emerges as New LPO Destination
  • Mauritian Outsourcing Industry
  • Industry Perspective
  • Changes in the Law Industry Transform LPO
  • Legal Administrative and Secretarial Functions Gain Grip
  • Complex Processes Added to Paralegal Outsourcing
  • Integrated Technology Enabled Solutions Revolutionize Contract and Litigation Processes
  • LPO Industry Witnesses Rampant Consolidation Activity
  • Negative Sentiments of US Policymakers Expected to Hurt LPO Industry
  • Legal Process Outsourcing to Restructure Law Practices Globally
  • Onshore Legal Outsourcing Also Popular with Large Companies
  • Hybrid Outsourcing Model Gains Prominence
  • Instability of Host Nation Keeps Law Firms on Thin Ice
  • LPO Hubs to Face Tough Competition from Onshore Rural Outsourcing Zones
  • Can Automation Sound the Death Knell for LPO Market
  • Law Firms Embrace Latest Technologies
  • ElevateNext - A New LPO and Law Firm Partnership Aims to Bring Down Corporate Legal Costs by 50%

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/fh57to

View source version on businesswire.com:https://www.businesswire.com/news/home/20210907005686/en/

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KEYWORD:

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 09/07/2021 11:48 AM/DISC: 09/07/2021 11:48 AM

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