There is a growing preference for Legal Process Outsourcing (LPO) among corporations and businesses. Outsourcing in-house legal work enables them cost-saving measures and focus on their core competencies while less sensitive, routine work of their legal department are handled in regions were the task can be performed at less cost. Contract management outsourcing is estimated to hold the key shares in this market. The increasing demand for contract management outsourcing is attributed to it having several processes from review and analysis of contracts to quality management.
