NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution...

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NASSCOM BPO Strategy Summit 2009

Transcript of NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution...

Page 1: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

NASSCOM BPO Strategy Summit 2009

Page 2: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

Significant Cost Reduction

Stable Political EnvironmentEvolution in

Value Preposition

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Readily available Workforce

Legal Process Outsourcing- Destination India

Page 3: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

Upbeat Tone for Outsourcing to India

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Educational Framework

Supportive Government PoliciesPreferred International Business Destination

Collaboration Opportunities with legal ITES providers

Strong Fundamentals

Page 4: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

Legal Services Value Chain - Today

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Complexity

Legal Transcription, Document Review, Secretarial Support Services

Value

Litigation Support, Legal Research, Drafting, Prior Art Search, Trademark

Search, Legal Publishing

Legal Research, Contract Drafting, Contract Management/ Abstraction

Patent Analytics, Patent Application, drafting, Corporate Due Diligence

Page 5: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

Decentralization of Legal Services from the US

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Factors to consider:

Cost Savings

Focus on Core Competencies

• Globally predominant jurisdiction for litigation

• Economic Recession likely to increase litigation volumes

• Centering of all litigation related activity and practices in US

Leading to prohibitive costs

• ABA Ethics Committee opinion on outsourcing:o Full Responsibility on the Outsourcing Law Firm o Ethical Considerations for Outsourcing o Passing on the cost benefit to end client

Page 6: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

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• Understanding legal commoditization

• Unbundling traditional legal functions

• Standardizing repetitive legal processes

• Legal deliveries through ITES

• Potential for outsourcing

Commoditization of Legal Services

Legal Services

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LPO: Onshore Potential The Indian Legal Sector:

• Limited size of legal establishments'

• Conceived as a “noble profession” rather than a service

• Provide minimal or basic IT enabled legal services as

compared to US & UK

• Regulated by State appointed agencies

Onshore Services Scope:

• IT enabled legal services ensure efficiency, quick TAT,

error free delivery and lower costs

• Reusable processes eliminating repetitive and

cumbersome legal tasks

• Innovative legal solutions for large scale companies and

law firms

Page 8: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

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Upcoming Vertical: Compliance management as an LPO Offering

Drivers for a pro-active solution-

• Multi-jurisdictional presence of MNCs

• Diversity of laws, rules and regulations

• Ability to meet multiple compliance obligations a growing

challenge

• Non-Compliance resulting into potential legal liability for

senior management

The role of Indian LPOs-

• Providing customized IT enabled compliance platform s

• Advantage of having a common law system

• Huge pool of legal professionals

• Can partner with foreign law firms

Page 9: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

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A Niche – As we see it

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Decentralization of conventional Legal Services

ABA Opinion: Advantage

Commoditization of Legal Services

Strong Outsourcing fundamentals

Knowledge Intensive Next Generation Legal Services

Growing pool of skilled Indian legal professionals

Page 10: NASSCOM BPO Strategy Summit 2009. Significant Cost Reduction Stable Political Environment Evolution in Value Preposition 2 Readily available Workforce.

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Thank you