A career with an Indian Legal Process Outsourcing is the least preferred among law studentsDecember 13th, 2008 - 3:09 pm ICT by ANI
New Delhi, Dec.13 (ANI): A career with an Indian Legal Process Outsourcing (LPO) establishment is the least preferred among law students, according to a survey.
In its survey, ValueNotes Database, a leading provider of business intelligence and research, says that 45 percent of respondents felt that the pay package at an LPO was better as compared to the pay package at law firms, but they still did not consider it as a preferred career choice.
Multinationals, international law firms and Indian law firms tap the same talent pool of graduating law students. While multinationals are expanding their operations in India, the Indian companies are expanding their global footprint. Thus the requirements of both these groups for legal advice on financing, mergers and acquisitions, immigration, etc is expected to increase. In addition to this, international law firms are also interested in setting up shop in India and are pinning their hopes on the Bar Council to liberalize the Indian legal services market.
With the increasing demand for legal services from different sectors in the legal industry, there is bound to be a fight for talent, the survey says.
Though there are about 80,000 law graduates each year, the number that is employable is quite low.
According to the survey, LPOs will face an even greater problem in the fight for talent as they harbor a negative perception among law students.
The common feeling among students is that work at an LPO is repetitive and highly process driven. One of the primary challenges for service providers currently is to change this perception of students.
In light of this, the report recommends greater participation of service providers in spreading awareness about the offshore legal services outsourcing not only among students, but also faculty members in law schools. In the long term, greater partnerships/tie-ups between industry and universities will improve both the quality and quantity of the labor pool and change the perception that students have towards the LPO industry. (ANI)
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