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Assuming the proper initial inquires have been made and adequately addressed, what are the cost savings reasonably attainable by an outsourcing U.S. law firm and its clients? Answering that question necessarily involves a comparative analysis of revenue and expenses.
What is the future like for LPO? While some of the largest firms and corporations in the world are using these services to handle their legal needs, will it hold up? The services offered are very effective and affordable, but what will happen in the years to come?
The above tasks can be time consuming and hence quite expensive if done by a qualified legal services provider in a country like the United States who charges tens or even hundreds of dollars by the hour. But the same work can be done very efficiently in countries like India for rates as low as one-fifth of what it costs in the US.
With money getting increasingly difficult to earn keep and manage hiring legal outsourcing attorneys seems practical. The attorneys help you in finding the best professionals at the lowest cost as possible. What does this translate into?
After BPO (Business Process Outsourcing) it is now LPO (Legal Process Outsourcing and KPO (Knowledge Process Outsourcing) that is wooing the Indian lawyer. It is natural for the Indian lawyer to opt for foreign projects as they get paid much better.
Top notch law firms focusing on LPO in India are capable of researching almost any legal issue and can providie services as is required by clients in the US or Canada. LPO is a great new way to reduce the cost of litigation in the US. It helps the client and also the law firms.
Additionally the advantage of time zone, familiarity with common law doctrines and easy availability of English speaking lawyers attracts more foreign firms to opt for LPO services India. Indian attorney with UK/US qualifications are also sought after which is perfectly fulfilled by the top legal services India.
The law firms and in house legal departments have enjoyed the benefits of a quicker turnaround time. The work left with the Indian entity at the end of their day is completed and available when they arrive at work the next day. These have become as important as the other core reason for outsourcing, namely saving of costs.
The provisional patent specifications must include a proper title with a written and brief description, some drawings if required and/or model or sample if needed. However a complete specification would also include the best mode, deposition like microorganisms and claims apart from the aforementioned.
If one is just starting out on BPO (business process outsourcing) for the first time, it is better to choose out the independent third party contractor which usually will have its own infrastructure and manpower in the offshore country from where the service is executed.
Ankit Rawal
