Integreon is a pioneer in the growing field of legal process outsourcing, also known as LPO. Legal process outsourcing refers to the services an outside company provides to a law firm or in-house corporate legal department. The services which legal process outsourcing firms provide vary from back office duties such as finance and accounting to more knowledge- based duties that require attorneys such as contract management and litigation document review.
Among the legal process outsourcing that Integreon provides are:
- Legal Document Review
- Electronic Discovery
- Contract Management, Drafting and Review
- Due Diligence Services
- Legal Research and Drafting
- IP Support Services
- Market Research
- Finance and Accounting
- Legal and Financial Document Services
Integreon delivers its legal process outsourcing services via its onshore and offshore centers located in Mumbai, New Delhi, Manila, New York City and Fargo, N.D. and interfaces with clients from offices in London and Los Angeles.
Legal Process Outsourcing: Who is Doing It?
The legal process outsourcing industry has grown rapidly in the past five years. ValueNotes estimates that the industry generated $146 million in 2006 and will grow to $640 million by the end of of 2010.
Both multi-national corporations and law firms are users of legal process outsourcing services. In-house lawyers and outside counsels are much more effective when they can concentrate on their “highest and best use,” instead of managing work processes.
Integreon customers include some of the world’s largest law firms and financial institutions, including 6 of the 10 largest investment banks, 2 of the 3 largest global law firms, 3 top-tier management consultancies, 2 top-tier private equity firms, and 5 top-tier hedge funds and many Fortune 100 and FTSE 100 corporations.
Legal Process Outsourcing: The Integreon Advantage
Integreon is consistently ranked among the world’s most effective and largest providers of legal process outsourcing services. Integreon is ranked the number one firm providing Research and Analytics and Legal Document Processing, and the number two firm in general legal process outsourcing category (# 1 in 2006) by Brown and Wilson in their “Black Book of Outsourcing 2007.”
Integreon’s professional, dedicated teams of legal process outsourcing associates are made up of lawyers with work experience at Indian, US or UK law firms, in corporate legal departments or private practice and Indian law school graduates that have received extensive training using UK and US legal research tools.
Our onshore implementation managers work hand-in-hand with clients to design a work-flow system that quickly translates to cost savings and improved performance. We have never lost an enterprise customer and continually benchmark our performance.
Another reason Integreon is the leading legal process outsourcing provider is our strict security policies. Integreon has met and exceeded the security requirements of dozens of exacting customers, including prestigious investment banks, law firms, and management consulting firms. We co-develop with you a robust security policy in the context of your legal process outsourcing needs and security concerns and then we implement the technology solutions that you and your IT staff approve, such as firewalls, intrusion detection systems and authentication tools. Integreon is ISO 27001:2005, which represents the world’s highest standard for information security management systems.
Integreon also has one of the most robust human resource programs to support its legal process outsourcing services. We recruit, train and retain only the best and brightest lawyers and legal support staff, which explains our low attrition levels. Its common to see attrition levels near 40 percent in the legal process outsourcing industry, however Integreon’s attrition levels is approximately 15 percent.
Naturally, the economics of legal process outsourcing cannot be overstated. Legal process outsourcing can save corporate legal departments and law firms by as much as 50 percent off internal fixed direct cost. Perhaps more importantly, legal process outsourcing introduces transformative structural change which protects clients from future costs during an upturn in business.
Taking the First Steps Towards Legal Process Outsourcing
Believe it or not, almost all law firms and in-house legal departments are already participants in the legal process outsourcing industry… they just might not be aware of it. The simple act of hiring an outside law firm is outsourcing. Furthermore, law firms have long been hiring contract lawyers for litigation document review.
The next step towards a more effective legal process outsourcing process with Integreon is an easy one.
For more information on our legal process outsourcing services, contact us.