According to an American research firm, they study about the outsourcing in legal field in India. The study conducted by Forrester said, India has large possible in legal outsourcing field. The number of jobs in this field is increasing to 79,000 by 2015. Currently India has earned over $6.7 billion in US-based outsourcing services such as software and call centers. But the legal outsourcing field was not exploded.
Currently the jobs in legal outsourcing in India are less than 12,000. The study expected that jobs in the field which was improved dramatically from about $80 million annually to approximately $4billion, it would grow to 29,000 in 2008, 35,000 by 2010 and 79,000 by 2015.
Economic advantages from Indian outsourcing are: a significant wage differential with Indian firms report paying legal researchers around $12,000 per year. There are also saving in bonus, overhead, and working condition, the study said that the adding time zone differences allowed for overnight and 24X7 operations.
The legal services work consisted of paralegal, secretarial, and litigation support. Now Indian firms offered more valuable services, including contract review and monitoring, document review for due diligence, patent drafting, simple filings and legal research.
“Indian outsourcing offers the following economic advantages: a significant wage differential with Indian firms report paying legal researchers around $12,000 per year. There are also savings in perk, overhead, and working conditions,” the study said adding time zone differences allowed for overnight and 24X7 operations.
The most important challenges to legal outsourcing to India included distress about data security, conflict of interest rules, and the need for Indian lawyers to pass US bar examinations
Interestingly, the need for India-based lawyers was being addressed through American law schools and immigration policies. Legal talent was being schooled in the US, but American education visas allowed these students to stay in the country for only a short time after graduation. Many who studied in the US came back to work for legal outsourcers.