Overview

IBISWorld’s Legal Process Outsourcing Services Procurement Research Report offers purchasing insight into the Legal Process Outsourcing Services market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Legal Process Outsourcing Services - Recent Price Trend

With a growing emphasis on cost savings among the nation’s largest full-service law firms, demand for LPO services has been skyrocketing in the three years to 2017. As a result, prices have been increasing moderately at an estimated annualized rate of 2.8% during the past three years, thereby cutting into buyer negotiation power.Even before the global financial crisis, law firms and corporate...

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Legal Process Outsourcing Services - Total Cost of Ownership

The total cost of ownership for LPO services is low; other costs related to the service add up to 50.0% of the benchmark purchase price per year. Due to the large number of vendors, buyers should budget time to identify and select a suitable firm, as well as determine their preferences for a domestic firm versus a foreign one. As a result, buyers should take into consideration acquisition costs...

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About this Report

This report is intended to assist buyers of legal process outsourcing (LPO) services, also known as legal outsourcing. Law firms and corporations use an outside service provider for various legal services. Vendors in this market provide legal support services such as due diligence, litigation, corporate compliance, document review, writing, legal research, patent services and drafting of briefs and pleadings. Some buyers offshore their legal work by outsourcing it to a company in another country. This report excludes legal management software and temporary and permanent legal staffing.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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