|
Formal regulation of the legal process outsourcing (LPO) industry and an industry wide education and accreditation program for offshore LPO attorneys is an essential step
Formal regulation of the legal process outsourcing (LPO) industry and an industry wide education and accreditation program for offshore LPO attorneys is an essential step toward the maturation of the industry. LPOs have overcome the first hurdle in the race to provide quality legal services, which is convincing inherently cautious and risk-averse lawyers of the real benefits in offshore legal outsourcing. The more pressing problem is the proliferation of unknown offshore providers, some of whom are jumping on the LPO bandwagon as a get-rich-quick proposition. Without self-regulation, questionable providers may destroy the hard-won confidence in the LPO industry. This could eventually lead to a burst bubble in LPO reminiscent of the demise of the dotcoms.
|
