Asian Legal Business, August 2012
Legal Process Outsourcing (LPO) is evolving
into a sophisticated mechanism based on innovative processes and technology
solutions that also require highly skilled legal professionals at onshore
locations. With greater recognition from legal community and large corporations
in the U.S., LPO vendors now perform high-end tasks and generate much higher
revenues.
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Pavan Vaish, UnitedLex |
Furthermore, UnitedLex has registered a 60 percent
revenue growth in 2011, and hopes to continue the trend.
It is noteworthy that the stagnation in the
major economies of the world has not dampened spirits in the industry, which is
benefiting from its ability to provide increasingly higher value addition. A
critical aspect of its recent achievements has been global delivery – being
capable of delivering services from multiple centres around the world, and most
importantly, from close proximity of their client locations. A physical
presence in the U.S. and UK not only attracts hitherto reluctant customers, but
also helps in devising new cost effective delivery models.
“With very robust processes and extensive use
of technology, we create a tripartite relationship between law firm on one
side, and company’s legal department on the other,” says Ram Vasudevan, CEO of
QuisLex. According to him, the big LPO providers, including QuisLex, are
involved in complex work streams relating to litigation, M&As, due
diligence, and end-to-end contract management.
With its new-found confidence, the primary pitch
of the LPO industry does not any longer centre around cheap delivery options
for the traditional legal tasks. Read more... (page 32)
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