Legal Process Outsourcing (LPO)

Legal Process Outsourcing (LPO)

Global Legal Process Outsourcing (LPO) Market to Reach $91.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Legal Process Outsourcing (LPO) estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$91.1 Billion by 2027, growing at a CAGR of 35.7% over the analysis period 2020-2027. E-Discovery, one of the segments analyzed in the report, is projected to record a 37.9% CAGR and reach US$28.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Patent Support segment is readjusted to a revised 40.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 34.5% CAGR

The Legal Process Outsourcing (LPO) market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.5 Billion by the year 2027 trailing a CAGR of 34.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.5% and 30.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25% CAGR.

Litigation Support Segment to Record 34.6% CAGR

In the global Litigation Support segment, USA, Canada, Japan, China and Europe will drive the 34.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$11.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.8 Billion by the year 2027.

Select Competitors (Total 12 Featured) -

• American Discovery
• Amstar Litigation Support
• Cobra Legal Solutions, LLC
• CPA Global Limited
• Elevate Services Inc.
• Infosys BPM Ltd.
• Integreon, Inc.
• Lex Outsourcing
• Mindcrest, Inc.
• QuisLex
• SmithDehn India
• Thomson Reuters Corporation
• UnitedLex Corporation
• Wipro Limited

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