Legal Outsourcing Increases As Economy Stagnates

Law360, New York (April 7, 2008, 12:00 AM EDT) -- With the U.S. economy in a tailspin, outsourcing companies say that law firms and corporations are increasingly seeking to drive down costs by turning to them for document review and other low- to mid-level legal work.

Even before the subprime mortgage crisis hit, the number of legal process outsourcing firms and the revenue they brought in more than doubled from 2005 to 2006, according to ValueNotes Research. The research company expects the legal process outsourcing industry to grow from an estimated $62 million in 2005 to...
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