What is Legal Transcription
54Legal transcription is the process of converting audio recorded dictations into text.
Transcription process involves recording dictations and then typing out these recorded dictations using word processors such as MS Word or WordPerfect.
A transcription is said to be legal transcription if the subject matter is of legal nature. Legal transcriptions are required by law firms and solicitors on a daily basis.
Legal transcription services are usually outsourced to a transcription company by law firms and solicitors. The transcription company may or may be located within the same country as the law firm.
Law firms usually outsource their transcription work to companies located in third world countries as they charge lower rates with same or better quality and efficiency.
How much do transcription companies charge
Transcription companies usually charge anything between $.50 to $3 per audio minute, depending on several factors like:
- Number of speakers
- Quality of recording/dictation
- Turn around time - whether urgent or not
- Type of payment they agree to with the law firm: Whethere payment is on monthly basis or lumpsum.
- Whether research is required or not
Law firms benefit from such outsourcing transcription companies by saving time, money and resources in the short and long-term.
A more cost effective business arrangement is to hire freelance transcriptionists and pay them by the recorded audio hour.
