LPO in India started as with outsourcing of transcription. But now LPO in India has grown to knowledge intensive work. Today all major functions including patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements to drafting distribution agreement are being outsourced to India. The patent filing and the due diligence work has grown with such a pace that most of the LPOs now have a separate department for patent related work.
Potential Legal services outsourcing market of US is about 3-4 billion dollars. It comprises of paralegal and research support, contract drafting and revising and contract management, library services, patent and trademark prosecution and litigation support. India will grow it's current share of 3-4 per cent of the 250 billion dollar global market of Legal Process Outsourcing to 7-8 percent by 2010. A recent value notes report said the LPO revenues of India are set to grow up to 4.5 billion dollars by 2010. As of now less than 10,000 people are employed in the LPO industry. By 2015 we could see this number swell to 80,000.
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