0

Legal Process Outsourcing Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 132
  • SKU: IRTNTR43776
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The legal process outsourcing services market share is expected to increase by USD 18.07 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 32.45%.

This legal process outsourcing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers legal process outsourcing services market segmentations by service (contract management, e-discovery services, litigation support, legal research, and others) and geography (North America, Europe, APAC, South America, and MEA). The legal process outsourcing services market report also offers information on several market vendors, including Capita Plc, Cobra Legal Solutions LLC, Exigent Group Ltd., HCL Technologies Ltd., Infosys Ltd., Integreon Inc., LegalBase, Morae Global Corp., QuisLex Inc., and UnitedLex Corp. among others.

What will the Legal Process Outsourcing Services Market Size be During the Forecast Period?

Legal Process Outsourcing Services Market Size

Download the Free Report Sample to Unlock the Legal Process Outsourcing Services Market Size for the Forecast Period and Other Important Statistics

 

Legal Process Outsourcing Services Market: Key Drivers, Trends, and Challenges

The emergence of new outsourcing destinations is notably driving the legal process outsourcing services market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the legal process outsourcing services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Legal Process Outsourcing Services Market Driver

The emergence of new outsourcing destinations is a major factor driving the global legal process outsourcing services market share growth. The decision to implement the offshore BPO model depends on labor costs, political stability, economic factors, and social risks of the region. APAC is a legal process outsourcing hub. India, the Philippines, Malaysia, and Vietnam are the most important outsourcing destinations in the region. Additionally, India is a favored destination for legal process outsourcing due to the high availability of skilled lawyers who are proficient in English and are ready to work for low wages. Companies in Europe prefer outsourcing their legal tasks to legal process outsourcing service providers. For instance, Deloitte, KPMG International Limited, PwC, Ernst & Young, Wipro, Pangea3, and LEX Outsourcing, as well as ADEC Innovation, Capgemini SE, Cobra Legal Solutions are among the major legal process outsourcing service market. Therefore, legal process outsourcing providers are inclined toward nearshoring legal process outsourcing.     

Key Legal Process Outsourcing Services Market Trend

The integration of predictive coding is a major factor driving the global legal process outsourcing services market share growth. The exponential rise in the volume of digital data is driving the demand for predictive coding as it lowers the costs of e-discovery services and expenses that are related to identifying and producing electronically stored information (ESI). Predictive coding also manages the cycle of litigation support and provides coordination between the litigation support and IT departments. Infosys uses ESI tools to provide legal process outsourcing services for data processing. Advanced analytics and predictive coding technology are also used to deliver legal process outsourcing services. Essentially, the demand for the market will continue to grow during the forecast period.

Key Legal Process Outsourcing Services Market Challenge

The shortage of domain expertise will be a major challenge for the global legal process outsourcing services market share growth. Legal process outsourcing services require a specific set of skills to manage legal processes. Vendors face challenges while hiring and retaining domain expertise for providing high-quality legal services. A shortage of domain expertise becomes a challenge for vendors in the emerging markets due to the lack of a skilled workforce. This shortage creates difficulties for emerging players that provide legal process outsourcing services. Domain expertise is required for delivering legal process outsourcing services based on different time zones in global legal process outsourcing service delivery systems. Therefore, the shortage of domain expertise in the market is a major concern among legal process outsourcing service providers.

This legal process outsourcing services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global legal process outsourcing services market as part of the global data processing and outsourced services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the legal process outsourcing services market during the forecast period.

Who are the Major Legal Process Outsourcing Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Capita Plc
  • Cobra Legal Solutions LLC
  • Exigent Group Ltd.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • Integreon Inc.
  • LegalBase
  • Morae Global Corp.
  • QuisLex Inc.
  • UnitedLex Corp.

 

This statistical study of the legal process outsourcing services market encompasses successful business strategies deployed by the key vendors. The legal process outsourcing services market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Capita Plc- The company offers legal solutions such as remortgage and property services, digital evidence management, and more.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The legal process outsourcing services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Legal Process Outsourcing Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the legal process outsourcing services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global data processing and outsourced services market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Legal Process Outsourcing Services Market?

Legal Process Outsourcing Services Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

37% of the market's growth will originate from North America during the forecast period. US is the key market for legal process outsourcing services market in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The availability of professionals who provide legal services at lower wages will facilitate the legal process outsourcing services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 severely impacted the economic conditions of the countries in the region, which, in turn, adversely impacted the growth of different end-user industries, including BFSI, telecom and IT, and retail. During the initial stage of the COVID-19 pandemic, the legal sector in North America was severely impacted. The safety and security of law firm personnel became a major concern, and companies were forced to temporarily close their doors to stop the spread of the disease. To recoup from serious failures, these companies made major layoffs and cost-cutting measures in the first half of 2020. Many organizations in the region were hesitant to allow employees to work from home because they lacked the necessary equipment. However, as the situation improves, more businesses are likely to resume operations from the office, benefitting the surrounding economy. With the initiation of vaccination drives and strict safety measures, the market is recovering.

What are the Revenue-generating Service Segments in the Legal Process Outsourcing Services Market?

Legal Process Outsourcing Services Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The legal process outsourcing services market share growth by the contract management segment will be significant during the forecast period. CMO is an integral part of the legal process of outsourcing. Contract management solutions include contract review and analysis, summarization, integration of papers and electronic documents, contractual risk analysis, and quality management processes. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the legal process outsourcing services market size and actionable market insights on post COVID-19 impact on each segment.

 

Legal Process Outsourcing Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 32.45%

Market growth 2021-2025

$ 18.07 billion

Market structure

Fragmented

YoY growth (%)

30.52

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, UK, India, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Capita Plc, Cobra Legal Solutions LLC, Exigent Group Ltd., HCL Technologies Ltd., Infosys Ltd., Integreon Inc., LegalBase, Morae Global Corp., QuisLex Inc., and UnitedLex Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Legal Process Outsourcing Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive legal process outsourcing services market growth during the next five years
  • Precise estimation of the legal process outsourcing services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the legal process outsourcing services industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of legal process outsourcing services market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Data processing and outsourced services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Service

    • 5.1 Market segments
      • Exhibit 15: Service - Market share 2020-2025 (%)
    • 5.2 Comparison by Service
      • Exhibit 16: Comparison by Service
    • 5.3 Contract management - Market size and forecast 2020-2025
      • Exhibit 17: Contract management - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Contract management - Year-over-year growth 2020-2025 (%)
    • 5.4 E-discovery services - Market size and forecast 2020-2025
      • Exhibit 19: E-discovery services - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: E-discovery services - Year-over-year growth 2020-2025 (%)
    • 5.5 Litigation support - Market size and forecast 2020-2025
      • Exhibit 21: Litigation support - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Litigation support - Year-over-year growth 2020-2025 (%)
    • 5.6 Legal research - Market size and forecast 2020-2025
      • Exhibit 23: Legal research - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Legal research - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Service
      • Exhibit 27: Market opportunity by Service

    6 Customer landscape

    • 6.1 Overview
      • Exhibit 28: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 35: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks
        • 9.3 Competitive landscape

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 47: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
          • 10.3 Capita Plc
            • Exhibit 49: Capita Plc - Overview
            • Exhibit 50: Capita Plc - Business segments
            • Exhibit 51: Capita Plc – Key news
            • Exhibit 52: Capita Plc - Key offerings
            • Exhibit 53: Capita Plc - Segment focus
          • 10.4 Cobra Legal Solutions LLC
            • Exhibit 54: Cobra Legal Solutions LLC - Overview
            • Exhibit 55: Cobra Legal Solutions LLC. – Key news
            • Exhibit 56: Cobra Legal Solutions LLC - Product and service
            • Exhibit 57: Cobra Legal Solutions LLC - Key offerings
          • 10.5 Exigent Group Ltd.
            • Exhibit 58: Exigent Group Ltd. - Overview
            • Exhibit 59: Exigent Group Ltd. - Product and service
            • Exhibit 60: Exigent Group Ltd. – Key news
            • Exhibit 61: Exigent Group Ltd. - Key offerings
          • 10.6 HCL Technologies Ltd.
            • Exhibit 62: HCL Technologies Ltd. - Overview
            • Exhibit 63: HCL Technologies Ltd. - Business segments
            • Exhibit 64: HCL Technologies Ltd – Key news
            • Exhibit 65: HCL Technologies Ltd. - Key offerings
            • Exhibit 66: HCL Technologies Ltd. - Segment focus
          • 10.7 Infosys Ltd.
            • Exhibit 67: Infosys Ltd. - Overview
            • Exhibit 68: Infosys Ltd. - Business segments
            • Exhibit 69: Infosys Ltd. – Key news
            • Exhibit 70: Infosys Ltd. - Key offerings
            • Exhibit 71: Infosys Ltd. - Segment focus
          • 10.8 Integreon Inc.
            • Exhibit 72: Integreon Inc. - Overview
            • Exhibit 73: Integreon Inc. - Product and service
            • Exhibit 74: Integreon Inc. – Key news
            • Exhibit 75: Integreon Inc. - Key offerings
          • 10.9 LegalBase
            • Exhibit 76: LegalBase - Overview
            • Exhibit 77: LegalBase - Product and service
            • Exhibit 78: LegalBase - Key offerings
          • 10.10 Morae Global Corp.
            • Exhibit 79: Morae Global Corp. - Overview
            • Exhibit 80: Morae Global Corp. - Product and service
            • Exhibit 81: Morae Global Corp. – Key news
            • Exhibit 82: Morae Global Corp. - Key offerings
          • 10.11 QuisLex Inc.
            • Exhibit 83: QuisLex Inc. - Overview
            • Exhibit 84: QuisLex Inc. - Product and service
            • Exhibit 85: QuisLex Inc. – Key news
            • Exhibit 86: QuisLex Inc. - Key offerings
          • 10.12 UnitedLex Corp.
            • Exhibit 87: UnitedLex Corp. - Overview
            • Exhibit 88: UnitedLex Corp. - Product and service
            • Exhibit 89: UnitedLex Corp. – Key news
            • Exhibit 90: UnitedLex Corp. - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 91: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 92: Research Methodology
              • Exhibit 93: Validation techniques employed for market sizing
              • Exhibit 94: Information sources
            • 11.4 List of abbreviations
              • Exhibit 95: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
            Get your sample now!
            Legal Process Outsourcing Services market growth will increase by $18074.28 million during 2021-2025.
            The legal process outsourcing services market is expected to grow at a CAGR of 32.45% during 2021-2025.
            Technavio has segmented the legal process outsourcing services market by service (Contract management, E-discovery services, Litigation support, Legal research, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
            Capita Plc, Cobra Legal Solutions LLC, Exigent Group Ltd., HCL Technologies Ltd., Infosys Ltd., Integreon Inc., LegalBase, Morae Global Corp., QuisLex Inc., UnitedLex Corp. are a few of the key vendors in the legal process outsourcing services market.
            North America will register the highest growth rate of 36.82% among the other regions. Therefore, the legal process outsourcing services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the legal process outsourcing services market growth are:
            • Emergence of new outsourcing destinations
            • Emergence of cloud computing
            The legal process outsourcing services market vendors should focus on grabbing business opportunities from the contract management segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single User:

              Quick and easy buy and download option

            • Enterprise:

              Flexible option - Complimentary customization included

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>