Sunday, October 24, 2010

LPO = Good for Big and Medium Sized Organizations

To remain competitive, medium-sized firms in U.S and U.K are considering outsourcing their work to countries that can provide services at a lower cost, without compromising on quality. Medium-sized firms face major competitions from their respective industries and to survive among them, the key solution is to offer services at affordable cost. When the lawyers in their own countries charge exorbitant rates, achieving their target of affordable services is a far away dream unless they arrive at a suitable solution. It is at such turn of events, even medium-sized organizations consider outsourcing their work.

The basic legal services like document review in U.S law firms are expensive and costs minimum $150-$200 an hour. For the same or better quality of work, companies in countries like India charge around $20-$70 per hour. When services are available at such a fraction of the cost, we shouldn’t be surprised to see U.S and U.K based medium-sized organizations outsourcing their work to India. Especially in the case of a small or medium firm, when they are trying to provide a competitive service in their industry and the best way to reduce their cost is to outsource their work to a country, where the cost is considerably low.

When the attorney and lawyer fees within U.S are becoming increasingly unaffordable and the same high-value service is available at 20-30% of the cost, the tendency to outsource work to other countries counts as a natural phenomenon.

Medium-sized firms are happy for cutting short their expenses, otherwise spent for skilled managerial and technical resources, overhead costs and office maintenance costs. Outsourcing work helps the small and medium size firms be exposed to highly efficient and flexible talent pool, well versed in their attorney and law skills, English skills that can meet client requirements and help them sustain and grow their businesses.

We invite you to take part in the Global LPO Conference 2010 and meet your suitable vendor(s) for your small or medium-sized business. With our Breakfast Meeting, One-On-One Meeting and opportunity to evaluate vendors using Pilot Project Models, treat this opportunity as the best platform to find a cost-saving scheme for your business.

1 comment:

  1. We do take up telecom (VOIP business related) contracts in India

    ReplyDelete