Low Cost Legal Transcription and Globalization
Globalization and the Internet are a boon not only to the legal transcription industry but also to the legal outsourcing and BPO industry. It is not just legal transcription but there are also various other legal services (like legal research, legal coding, e-discovery, patent analysis etc) that are being increasingly sent out of the country for execution. Forrester Research has rightly projected that over $ 4 billion worth of legal work will be outsourced to India by 2015. With the opening up of the free market economy the revolution has created the concept of cost savings based outsourcing, and it is this that prompts US entities to outsource legal transcription and many other legal processes. Thus today we see works like legal documentation, legal research, litigation support etc are being successfully outsourced and expertise availed from legal professionals who might be located elsewhere on the globe.
Law firms, court houses and advocates can order instant legal transcription services by using different cutting edge technologies. Dictations can be recorded on a tape or a recording machine or a PC, and the audio files are sent over the Internet for transcription. Or now it is even directly sent by just dictation via telephone. The dictations sent over the telephone get recorded at a different location which is immediately worked upon. They produce transcripts of high quality and works are supervised by legally qualified / experienced law professionals.
Outsourcing of legal transcription to countries like India allows for low cost transcription with rates as low as 8 (eight) cents per line of work. Most companies now take a lot of care about the security of documents that are sent online. This becomes possible by the encryption of all the files before being transmitted over the web. By offshoring / outsourcing legal transcription works to professional Asian firms who use cutting edge technologies US law firms are assured of benefits like,
Total security
Low turnaround time
High accuracy
Low price
Delivery in any format