As we all know, India leads the world in legal services outsourcing. Since it first began in the early 2000s, it has evolved considerably, to a level of sophistication previously unimagined. In recent years the advent of AI in legal processes - from e-discovery in litigation, to contractual risk assessment and management, and even the beginnings of AI-supported judicial decision-making - has catapulted legal outsourcing still further, into another realm of capability altogether.
Where once the Indian outsourcing market was limited to the management of back-office functions, evolving quickly to encompass true legal work with the level of complexity growing over time, today with human lawyers working alongside cutting-edge technology, far more strategic and nuanced legal tasks can be outsourced. This shift is not only changing the day-to-day working of all lawyers, who are now learning to work seamlessly with alongside AI, but it is also creating newly imagined opportunities for lawyers, technology experts and change management specialists - and for business leaders and investors alike.
The legal outsourcing market today is drastically different from even a decade ago. For those seeking to advance their legal careers or explore business opportunities, the key is to distinguish between the truly innovative and those services lagging behind, positioning themselves to take advantage of this vibrant, evolving market.
Let us examine the most pivotal, market-changing developments in legal tech in the region:
This story is from the December 12, 2024 edition of The Statesman.
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This story is from the December 12, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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