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North America Legal Process Outsourcing (LPO) Market Size to Expand at Over 34% CAGR through 2024

Author : Ronak Bora | Published Date : 2020-09-28 

The research report on North America Legal Process Outsourcing (LPO) Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments.

According to the given report, the North America legal process outsourcing industry revenue surpassed USD 0.64 billion in 2017 and is anticipated to record a remuneration of USD 5 billion by 2024, exhibiting a growth rate of 34% over 2019-2024. Moreover, the study also incorporates information on the current market scenario, developing technologies, widespread competitive landscape, market tactics, future prospects, and vivid market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1035/sample

The report also summarizes various factors that are likely to drive the growth of this industry over the foreseeable period, in line with offering details of the ongoing trends that the given industry is characterized by. As per the given report, the North American legal process outsourcing market is fragmented on the basis of service, location, regions, and competitive landscape.

Compliance assistance services in the North America LPO market has gained a high popularity in the recent years. Companies majorly outsource these services to save the overall operating cost which might increase when hiring an in-house employee.  The cost is reduced when such services are  outsourced from Asia Pacific countries as they offer cheaper services. such s. Outsourcing is a better alternative due to the benefits such as appropriate compliance solutions, easy processing of the legal formalities, and data confidentiality.

Based on the geographical landscape, the North America legal process outsourcing industry has been diversified into various regions including U.S., Canada. The market study includes minute details on growth driving factors, trending growth opportunities, respective growth rates, technologies being used, favorable and unfavorable regulatory reforms, and individual market shares.

Onshore location services in the North America legal process outsourcing market is expected to dominate the region over the forecast period. The growth is attributed to the provision of attractive and efficient solutions through collaborations with organizations in the same jurisdiction. These services enhance the data security and confidentiality features provided to the customer organizations. They cover legal services related to banking laws, commercial laws, bankruptcy, civil rights & liberties, intellectual property laws, criminal defense, international business laws, and tax laws.

The legal process outsourcing market in North America is highly concentrated and boasts robust presence of myriad companies including CPA Global, Clairvolex, Evalueserve, Exigent, Integreon Managed Solutions, Legal Advantage, Infosys Limited, LEX Outsourcing, Lexplosion Solutions Pvt. Ltd., Mindcrest, and UnitedLex. The document incorporates details on the sales graph of reach of each of the enlisted firm, their market strategies to sustain their position in the overall market, individual company profiles and market share and size, and their stance in the worldwide industry landscape.

[TOC Chapters]

 

Chapter 4.    North America Legal Process Outsourcing Market Size, by Service, 2013 - 2024

 

  • Contract drafting
  • Compliance assistance
  • E-Discovery
  • Review & Management
  • Patent Support
  • Litigation Support
  • Others

 

Chapter 5.    North America Legal Process Outsourcing Market Size, by Location, 2013 - 2024

 

  • Offshore
  • Onshore

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1035/north-america-legal-process-outsourcing-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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