Learn about actual and potential costs
How much should I pay for Legal Process Outsourcing Services?
What is the average price of Legal Process Outsourcing Services?
This procurement report includes pricing information to help you purchase Legal Process Outsourcing Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Legal Process Outsourcing Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Legal Process Outsourcing Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Legal Process Outsourcing Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Legal Process Outsourcing Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
ProcurementIQ estimates that there are about 1,835 suppliers of LPO services, and the top four firms account for less than 30.0% of total market revenue. Market share concentration is low but has been slowly increasing in the three years to 2020. Merger and acquisition activity has taken place in the... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How frequently will you provide progress reports?
What methodology do you use to report who is working directly on our case and what their specific duties are?
How do you typically communicate regarding the case?
Do you prefer face-to-face meetings to phone conversations?
Amidst widespread health concerns stemming from the COVID-19 outbreak, what contingency plans are in place to mitigate risk to your clients? Do you offer clients any flexible exceptions, such as contract suspensions?
What are some of the benefits of working with your company? What makes you stand out from your competitors?
How do you win and retain business?
What is your reputation like among clients? What steps have you taken to develop this reputation?
Do you offer incentives for clients that refer other businesses to your firm?
What percentage of your clients is located in other countries? How will that impact the service level that we experience?
Do you rely on labor in countries hit strongly by the COVID-19 outbreak? If so - how are you coping with the disruptions stemming from the outbreak?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should specify the total budget for the service.
Buyers should state their preference for a pricing model.
Buyers should ask for a list of references from current and former clients.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers need to indicate the date proposals are due.
Buyers should specify the desired contract length and the potential for contract renewals.
Buyers need to specify whether this is a one-time project or an ongoing LPO service.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for LPO services is exposed to a low level of risk, which benefits buyers. LPO firms have high wage costs because they rely predominantly on labor; therefore, purchases account for a much smaller portion of total revenue. Furthermore, negligible fluctuations in the cost of first tier inputs... Subscribe to learn more.