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The Forrester
study estimated that jobs in India in the field which was poised to
increase dramatically from about $80 million annually to approximately $4
billion, would grow to 29,000 in 2008, 35,000 by 2010, and 79,000 by 2015.
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In 2005, $250 billion was spent on
legal services globally, with the
U.S.
accounting for $170 billion, according to Forrester Research (Via Chief
Executive). With outsourced legal services running just 25 to 70
percent of the cost of domestic legal services, an offshoring boom will
translate into billions of dollars of legal expenses saved per year.
India
is particular hot spot in legal service outsourcing because Law
school in
India
is taught exclusively in English, so its lawyers speak the
language fluently. And because
India
’s legal system, based on British Common Law, is similar to that
of the the
U.S.
, Indian lawyers are able to grasp its intricacies with little
additional training. The country’s law schools graduate 75,000 lawyers
annually, which means there is an abundance of highly trained lawyers
there—many of whom are attracted to outsourcing firms for their highly
competitive salaries, sophisticated work and merit-based career
advancement opportunities.
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FedEx is reported to have handled a record 9.8 million packages
moving through the FedEx Express and FedEx Ground networks on Monday,
Dec 18, its busiest day in
history, as shoppers sought to
get their Christmas presents delivered on time.
