North America The Largest Market For Legal Services Accounting 50% Of Global Market
HeraldKeeper is a press release distribution service. On May 20, 2019, it released an article on the Legal Services Market, sourced from TBRC`S Legal Services Market report.Legal Process Outsourcing To Cut Costs – Companies in the legal services industry are shifting towards outsourcing legal services to reduce costs and increase in-house efficiency. This involves outsourcing the work of attorneys, paralegals and other legal professionals to companies located either domestically within the country or overseas. Both onshore and offshore outsourcing are transforming legal services as legal services companies are looking to minimize costs and increase their in-house capabilities. For instance, many companies in the US and the UK outsource legal services to countries such as India, the Philippines and South Korea where employees earn 30% to 70% lower wages.