Are you a LLB graduate willing to work in LPO? Are you a person with excellent drafting skills then log on to www.wisdomjobs.com. Legal Outsourcing also known as Legal Process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company. It is great way for a busy attorney or law firm to handle complex or time consuming projects on a more affordable budget. It is the industry in which in house legal departments or organizations outsource legal work from areas where it is costly to perform. So browse your career as Specialist in LPO, Legal Assistant, Drafting Assistant Manager, Drafting senior associate, Attorney Associate, Legal Manager etc., by looking into Legal Outsourcing job interview question and answers given.
Legal process outsourcing is the industry that outsources legal work from countries or areas where it is costly to perform to a distance area or countries where it cost less. Another reason for legal process outsourcing is to decrease the over-burden of the work on the staff of the company which is out-sourcing.
Various sectors where legal outsourcing process is carried out are:
Medico-legal outsourcing work includes:
Attributes outsourcing company should look into service providers are:
Various pricing model in outsourcing companies are:
Variable rate pricing model: When you outsourced the work, many companies prefer this type of model, in which you have to pay a fixed rate. But this model also gives you the flexibility of paying more or less according to the market price
Fixed rate pricing model: In this pricing model, despite market condition, you have to pay the decided amount in the contract. However, this pricing model is not the best pricing model for a long term contract, but many companies prefer this pricing structure
Performance based pricing model: In this model payment is done by as per the performance, you have to reward your vendor with incentives based on the performance
Pay per unit pricing model: Depending on the amount of the work done payment is done, the amount of unit is pre-determined
Cost plus profit pricing model: Along with the actual cost of the project outsourcing company has to pay additional fixed percentage on the project. The only downside with this model is that it does not offer the flexibility of changing business objectives or technologies
Bundling pricing model: As an outsourcing company you will be paying less for two or more outsourcing services. However, outsourcing company has to make sure that you do not bundle IT services with short term services
Profit and risk sharing pricing model: This pricing model more or less works like a partnership business or joint venture where the profit or loss are equally shared by vendor Company as well as the outsourcing company.
Trained and certified consultants:
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