Tuesday, February 25, 2014

The Attractiveness Of Offshoring In The Philippines 3

The global legal market is worth approximately $400 billion USD - 60% of this total is accounted for by the US. The global LPO market is currently estimated to be worth approximately $440 million USD or 0.1% of the whole legal sector. Current market size represents nearly a 50% increase on the approximate LPO market sector of $300 million USD in 2008.  LPO’S will generate approximately $960 million USD by 2015.  The latest data on the Legal Process Outsourcing horizon is the Southeast Asian archipelago nation of Philippines. The outsourcing industry in the country has seen an exponential growth over the past five years. As of today it is the second largest outsourcing destination in Asia, with first being India.  The Philippines outsourcing industry has, as seen with other outsourcing destinations in the past and has been tracking a definitive growth path. [1]


[1] The Law Society, Legal process outsourcing: what you should know, www.lawsociety.org.uk

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