The LPO industry in India, although still in relative infancy, has seen a few years of fast paced activity and in a matter of few years gained tremendous experience, owing to the recent downturn, which turned to be a boon.

The Legal jungle doesn’t belong to the predators, it belongs to the adapters. When the going was good and deals were flying in thick and fast, the big players (affectionately known as the BigLaw in the U.S. Legal circles) were pretty much able to rule the roost and selectively pick through the headline making transactions. From box seats at US Open to million dollar bonuses, the BigLaw players were living the American Dream till the financial crisis and the resultant credit crunch served a rude wakeup call. With majority of the law firms fortunes being tied up to the ‘too big to fail’ financial institution, it was only a matter of time till the domino effect of the financial implosion wrecked up its first legal victims. Expansion plans were shelved, billing rates were halved, transactional practice started biting dust, massive layoffs and postponed recruitment news first made headlines and then steadily moved like an obituary column to the inner pages. Faced with the worst economic crisis since the Great Depression, the lawyers did what they have always done in face of adversity, they adapted.

Recession is the term interchangeably used for slowing down of the economic engine, decreasing the buying power of the currency and an alarm to optimize the profits by reducing costs.

Legal Process Outsourcing is indeed the buzzword in the outsourcing industry at present. the same time it has managed to catch the attention of the youth on a lookout for a lucrative career to jet set on to a secure future. However, there still are certain ifs and buts, here and there – causing apprehensions in the minds of the professional / student fraternity, which acts as a deterrent keeping them at bay. The big question is - What is this activity known as Legal Processing all about? Moreover, what are the opportunities for the aspiring candidates?