Wednesday 25 December 2013

Important Services of Legal Process Outsourcing

The growth in the technology associated with the renowned drive to cut cost in the wake of global downturn had progressively strained law firms and corporate legal departments alike to reevaluate how they run and to reckon outsourcing the tasks related to the legal profession. It has given the birth of legal process outsourcing (LPO) in order to provide legal support services to the organizations.

They are committed to offer assistance in the field of Regulatory Compliance, Legal Research and Support Services with great combination of legal expertise, highly skilled law professionals, paralegal, superior innovative quality and timely services at very competitive rates.

Various factors are behind LPO companies in trend. They are Globalization, Economic crisis globally and hike in legal service cost, Growth in automation of legal processes, Innovative technical tools and development in data growth.

Beyond the cost savings, a reputed law firm offers various advantages to the clients such as round-the-clock availability to access to outside talent and the capability to promptly scale up or cut back operations. Their services include – legal research & analysis, legal compliance & audit, regulatory compliance, statutory compliance, techno legal compliance, corporate governance & compliance and legal support service.

Legal research

It is the process that includes identification of information essential to assist legal decision-making and answers specific legal questions. Legal research includes a course of action ranging from analyzing the legal issue from the facts and concludes with communicating the results of the desired investigation.   

Legal Compliance Audit
Legal and Regulatory Compliance Services is offered in order to enable Corporates and Organisations to comply with Legal requirements and other regulations. The compliance management services in India includes monitoring the changes in industry rules and regulations with the assessment and identification of potential exposure of the corporates and organisations. It helps a company to make sure they are being addressed effectively with the volume of changes and breadth of exposures.

Regulatory compliance


Usually, compliance is refereed to as conforming to a rule, like a policy, specification, law or standard. Regulatory compliance is designed to describe the target that corporations or public agencies aspire to achieve. The regulatory compliance makes efforts to assure that the organisastion is aware of and resort to comply with relevant laws and regulations.

Statutory Compliance

In general, statutory is defined as 'related to statutes', or what is called laws or regulations. In terms of compliance, it is means to comply with or adhere to. So the complete meaning of statutory compliance is that 'you are following the laws. The service is applied to comply with Central and State Acts and Regulations. By that you will be able to to keep your company safe from legal trouble.

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