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Question
Briefly explain LPO.
Answer in Brief
Solution
Legal Process Outsourcing (LPO) refers to the practice of a law firm or cooperation obtaining legal support services from an outside law firm.
These days business firms have to attend to several legal processes concerning labour laws, taxation laws, corporate laws, laws concerning funding, marketing, etc. No business firm has the expertise of all the laws. As legal compliance matters are complex and require necessary expertise and experience in laws, legal process outsourcing is becoming popular. No company can afford to violate laws. Therefore, companies are increasingly outsourcing legal matters.
shaalaa.com
Business Legal Process Outsourcing (LPO)
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