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.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
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.
Already a subscriber? Sign In
Stock Market Remains Rangebound; IT, Auto, And FMCG Stocks Gain
Stock market on Wednesday remained rangebound for the fourth consecutive session with IT, auto, and FMCG stocks gaining; energy lagged behind.
Israeli Strikes On Gaza Kill At Least 29, Palestinian Medics Say
Around 100 Israeli hostages are still inside Gaza, at least a third of whom are believed to be dead
Special Metro services for SET aspirants on Sunday
The Kolkata Metro Railway has decided to operate special Metro services on 15 December for the aspirants of State Eligibility Test (SET) to be conducted by West Bengal College Service Commission.
Bengaluru techie's wife, her kin booked for abetment of suicide
After a 34-year-old techie committed suicide in Bengaluru, an FIR has been registered against his wife and her family members for allegedly harassing him, police said on Wednesday.
Pacy, bouncy Gabba challenge awaits Team India in third Test
After 10-wicket drubbing in Adelaide Test, Indians up against tough conditions in Brisbane
World Chess C'ship: Ding survives Gukesh attack, earns another draw
Playing with white pieces in a classical game for the last time in this match, India's D Gukesh came up with an attacking approach but reigning champion Ding Liren of China defended superbly, coming up with precise moves in a nerve-jingling time scramble, to draw the 13th and penultimate game of the World Chess Championship 2024 match here on Wednesday.
Ancelotti relieved after Real Madrid beat in-form Atalanta
Real Madrid emerged victorious against Atalanta with a 3-2 win, to record their third win in the Champions League.
East Bengal take on Odisha FC juggernaut
Odisha FC will aim to register their third win on the trot when they face an upbeat East Bengal in an Indian Super League clash at the Vivekananda Yuba Bharati Krirangan in Kolkata on Thursday.
Law must eliminate bias
Proposed amendments to the Arbitration Act must clearly spell out the procedure for appointing arbitrators, says Dr. P. Madhava Rao
Champions League: Liverpool stay perfect as Bayern hit five; Villa win
Already guaranteed a spot in the knockout rounds, Liverpool on the brink of a direct ticket to the last 16 stage
