distinguish between
3) BPO) and LPO
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LPO
Legal process outsourcing (LPO) is the practice where law firms and other organisations outsource legal work from other places or other legal support services companies. Mostly, countries like USA outsource legal services from countries like India.
BPO
Business process outsourcing (BPO) is the delegation of one or more IT-intensive business processes to an external provider that, in turn, owns, administrates and manages the selected processes based on defined and measurable performance metrics.
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Differences between BPO and LPO:
- BPO refers to the practise of outsourcing some of your key business operations to outside service providers. hiring a business that specialises in payroll outsourcing. using a recruiting agency to assist in finding the ideal individuals for a position that is open. enlisting the aid of a marketing company to develop and carry out your marketing strategy You may frequently save money on expenses like salary, benefits, and office space by outsourcing specific work to a third-party source.
- Legal process outsourcing (LPO) is the contracting out of certain legal work to a third-party service provider. It is occasionally seen as a sub-class of KPO. This can involve things like contract analysis, investigation, administration of intellectual property (IP), and more. You might want to think about using LPO to analyse all the contracts included in the agreement if your business is thinking about transferring to a new production facility. Any information you share with your LPO provider must be kept private.
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