In an article published on September 12, siliconindia.com refers to a Nasscom report that foresees significant growth in the Indian outsourcing market for legal services. This trend may emerge because legal firms, legal departments in large business organizations, and legal publishing and research houses based in the US are increasingly turning towards India to source services.
Although the legal outsourcing market in India is negligible at the moment, the few services providers that have made the start have managed to provide good service, and this can benefit new entrants who will have the confidence of their clients. In the near future, the legal BPO market in India can multiply rapidly and emerge as a strong segment in the overall BPO services in India. According to an estimate, the potential for legal outsourcing from the US alone is $3-4 billion. siliconindia.com quotes the latest Nasscom report on Legal BPO:
Though there is little hard data available to quantify the legal off shoring segment of the Indian BPO industry, it is estimated that only about 2-3 percent ($60-80 million) of the potential market has been tapped so far.
http://www.blogsource.org/2005/09/india_on_the_th.html
Thursday, September 15, 2005
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