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COMPANIES NOW OUTSOURCE LEGAL WORK TO INDIA
Source: domain-B.com
16 June 2007
After law firms and individual attorneys outsourcing
their legal processes to India, US law firms have
got into the act.
US companies fighting a case in the US hire just
one lawyer to appear in court while they station
their entire legal department in India because
most of the research and paperwork for large American
corporates is currently being done in India.
A number of Indian companies are employing large
number of lawyers and doing high-end legal document
work for big companies like Calvin Klein, Universal
Pictures, 20th Century Fox, HBO and John Wiley
and Sons in the US.
LPO has now become a $61-million business with
work coming from several sources into the country.
Law firms are still the leading source the business
(49 per cent), but catching up fast are corporates
who form a significant chunk (36 per cent) of
the sourcing pie, while the rest is shared by
individual attorneys and legal publishers.
India churns out close to 200,000 law graduates
every year of which only about 79,000 are English-speaking
and hardly 850 get into jobs into top law firms
in the country.
India, the US and the UK share similar legal systems
and Indian Universities educate lawyers to work
only in the Indian legal system.
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