January 15, 2010 2:30 PM
Inside India's Legal Outsourcing Machine
Posted by Brian Baxter
A Times of London story Friday takes readers inside one of the largest legal outsourcing shops in India, staffed by talented young lawyers that are changing the way international law firms operate.
The ToL piece focuses on Pangea3, an outsourcing firm based north of Mumbai, where an army of young graduates from India's top law and engineering schools toil in a complex that the paper likens to the bridge of the Starship Enterprise.
With none of the workers wearing suits and the distinctly non-Western atmosphere surrounding the corporate park where Pangea3 is headquartered, the environment couldn't be more different from that of a firm on Wall Street or Canary Wharf, the ToL reports. But that doesn't mean Pangea3 isn't linked to big money.
The company's investors include Sequoia Capital, the same venture capital firm that once backed a little Silicon Valley upstart called Google. (Other big names in the legal process outsourcing--or LPO industry--include Clutch Group, CPA Global, Integreon, and Mindcrest.)
Pangea3's clients include several Wall Street banks and the small salaries it pays its employees compared to the six-figure sums spent on young lawyers at Am Law 200 and Magic Circle firms, means that Pangea3 is having an easier time selling itself to clients looking to control their legal costs.
The ToL story includes contrasting interviews with a Pangea3 employee who graduated from one of India's top law schools and a Norton Rose associate about the future of their respective jobs.Make a comment