NEW DELHI: With the international law firms, the legal departments of MNCs, and legal publishing and research firms, particularly based in the U.S., increasingly looking at sourcing services from India, Legal BPO may well be the next big opportunity for Indian firms. Indian firms, till now, have cornered only 2-3 percent of the potential market says a Nasscom report. "While the size of the Indian legal BPO segment is still very small, the success achieved by early movers has established the proof-of-concept, which is the key to unlocking the potential in new waves of offshore-outsourcing.
Estimates of the current addressable market potential for legal services outsource able from the U.S. alone are pegged at $3-4 billion. 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," says the latest Nasscom report on Legal BPO.
http://www.siliconindia.com/shownewsdata.asp?newsno=29397
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