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Legal Process Outsourcing
BY- HARSHIT SHARMA
WHY LEGAL PROCESS
OUTSOURCING?
BUSINESS MODEL AND
EVOLUTION OF LEGAL
PROCESS OUTSOURCING
DISCUSSED
WHY INDIA FOR LEGAL
PROCESS OUTSOURCING?
Availability of Legal professionals
Good knowledge of English language
Exposure to foreign laws
Supports regional assignments
Reduction in costs
Superior IT Infrastructure and Government facilitated schemes for the
sector
24*7 staffing
Availability of staff with foreign qualification
PRICING MODELS USED BY
LPO’S
Fixed Rate
Variable
Pricing
Pay Per
Unit
Cost Plus
Profit
Profit and
Risk
Sharing
VARIABLE PRICING METHOD
PAY PER UNIT METHOD
In this unit, price is charged at a pre-decided amount for
each part of the project. The different parts of the project
may be priced differently, as per the amount of work and
complications involved.
MEASURING OUTSOURCING
COST
Analysis of outsourcing costs:
The total cost of outsourcing can be checked as a total percentage of
operations costs of a business. The analysis of cost can be done in the form
of pie charts or other analytical tools for making a comparison of the
outsourcing cost with all the other business costs.
Return on Investment:
It is vital that the organization outsourcing work keeps checking the market
conditions and other firms to ensure that it is getting value for money. The
business models and pricing keep changing from time to time and it is
necessary that the latest developments be taken care of.
CONTD…
Evaluation of savings:
The Company can check how much money it is saving by outsourcing the
legal work. The comparison can be made by evaluating the cost of getting
the legal work in the home country with the amount being spent by
outsourcing work.
The organization can also decide on outsourcing the legal work in parts
rather than the entire assignment. This decision can be taken by making an
evaluation on maximum cost savings associated with a project.
CONCLUSION
Therefore, an organization can outsource that part in which
it is going to make maximum cost savings. Later, if it is
satisfied with the work of the firm to which the work has
been outsourced, bigger projects can be outsourced for
making bigger cost savings.
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