Tuesday, November 6, 2012
We've reported before how law firms are outsourcing legal work to domestic contract lawyers working in low cost, hinterland cities ("onshoring" if you will) as a way to lower costs, keep clients happy and thereby remain competitive (here). National Jurist Magazine is reporting that the trend has gained enough traction such that it's become a welcomed source of jobs for new law grads (if one can overlook the irony that it's because of this trend that once plentiful and high paying BigLaw jobs have vanished). Nevertheless, given the reality of the "new normal," the pay is nothing to sneeze at, ranging from $50-$80k according to the magazine.
The practice of law firms and corporations seeking legal support services from an outside company is gaining in popularity with legal process outsourcing companies increasing their domestic presence, according to a study on market trends by Northwestern Law.
The trend has been controversial given that it has shipped legal jobs overseas. But the recent rise in domestic companies has created employment opportunities for new graduates. Additionally, some positions do require applicants to move to other countries such as England, and India.
Many of the job salaries range between $50,000 and $80,000.
“[Job growth] is happening in India and happening in the U.S. as companies expand their footprint and create U.S.-based delivery centers,” said Greg McPolin, managing director at Pangea3, a legal process outsource company. “Law students that are graduating now have options within the LPO industries.”
Many in the legal industry say LPOs are here to stay — part of an evolving legal model.
“I think people in every facet of the legal eco-system now get it,” McPolin said. “The world economy changed drastically in 2008 and that has made an indelible change on the legal system as we know it. [LPOs] are a permanent feature in the way corporates consume legal information and I think attorneys know that as well.”
Click here to keep reading and for a link to job openings with LPO's that offer domestic opportunities.