London, 24 June 2016: P[X]Paralegal, the new London-based Legal Process Outsourcing (LPO) provider, will officially launch on Tuesday 28 June 2016 to the UK legal profession.
P[X]Paralegal will provide legal professionals with a comprehensive portfolio of legal processing services, including digitising, database construction, drafting, bundling, research, along with multi-lingual and client care support.
Its paralegal support service is complemented by a proprietary fleet of secure document-transportation vehicles, which provide an efficient ‘collect and return’ service – a seamless solution to busy practitioners. The ‘collect and return’ service is FREE to legal practices throughout the UK, and is an industry-first.
Despite the benefits of LPO being demonstrable in other jurisdictions, UK-based legal practices have been cautious about using LPO solutions, as these are often associated with the risks of outsourcing legal processes ‘offshore’. For most UK practitioners, the opportunity of working with a local outsourcing partner, is a much safer option.
Whether a practice requires ‘on-demand’ ad-hoc support, or a strategic alliance with an outsourcing partner to cover its entire legal processing requirements, P[X]Paralegal is here to help.
P[X]Paralegal’s slick operating methods and expert paralegals will provide legal practices with a state-of-the-art processing model to lean on. What’s more, the cost-savings P[X]Paralegal is able to offer are competitive to those provided by an ‘offshore’ partner, and considerably cheaper than in-house equivalents.
LPO is growing at a staggering rate globally, as lawyers and clients alike recognise the benefits it offers. Valued globally at $1.3bn and growing at 40% each year, the LPO market offers legal practitioners the opportunity to lower their operating costs and increase profitability.
Research shows that legal processing activities accounts for over 90% of the total workload in most legal cases. Embracing outsourcing for this workload provides legal practices with many commercial advantages that drive profitability, whilst satisfying clients’ expectations for greater value in enabling affordable legal services.
Shifting a substantial fixed-cost base – i.e. staff salaries – to a variable one, means paying for the support needed, when its needed. In fact, experience shows that LPO can create cost savings of up to 30% in most cases.
Whilst P[X]Paralegal is primed to work with practices on a case-by-case basis, outsourcing the entire legal administrative and case management function has an even greater positive effect for lawyers. Practices become more productive and competitive through the flexibility that LPO offers – allowing more focus on value-added tasks and high-value advice, which drives profits upwards.
Unlike many LPO providers in other geographies, such as in the US, P[X]Paralegal will work exclusively with legal professionals. Its mission is to become a catalyst for the provision of legal professional service, rather than a competitor. The founders’ view is that regulated legal professionals should take the lead role with the client, and that LPO providers should work and be directed by the ‘lead’. This enables the client to benefit from expert advice and streamlined communication, with the LPO provider merely supplying the background harmony to bring efficient and economic benefits to both the client and legal professional.
Doctor of Legal Science, Yuri Rapoport, who founded P[X]Paralegal, states:
“P[X]Paralegal has been created out of demand. Our efficient systems, state-of-the-art equipment and highly capable paralegals will revolutionise the industry. We have listened to the frustrations of those within the legal profession – managing partners of law firms, barristers, clerks, legal executives – and, of course, the clients.
P[X]Paralegal has been created to provide a win-win situation for all. We have taken on board the recommendations and insights of influential voices within the legal sector and in the Government, who share the common themes of making legal services accessible to the client by adopting new ways of working. LPO has a vital part to play in making these recommendations and insights a reality, and based on our in-depth research and analysis, we have created a service which will revolutionise the industry.”
Stringent security procedures throughout the process, systems that run like clock-work, unparalleled paralegals and quality standards that are second-to-none, have all been woven into every facet of the P[X]Paralegal operation.
Dr Rapoport concludes:
“The legal profession in the UK has witnessed dramatic changes in recent years. The changes are happening because of pressure from outside the industry – from regulators, the Government and clients alike – to make justice accessible to all through the adoption of new working methods and internal and business models. Direct Public Access and Alternative Business Structures are just two examples of recent changes.
P[X]Paralegal has been created not only to help such initiatives work to their full potential, but to future-proof the success of the industry.”
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