ALB reported yesterday that Delhi based law firm Singh & Co is to..
launch India’s largest Legal Process Outsouring company.
ALB write:
In what is believed to be a first in the Indian legal sector, the firm has paired with Cosmos Infra Engineering (India) Pvt. Ltd to start an LPO operation with 500 staff in Dwarka, New Delhi.
Manoj K Singh, managing partner of Singh & Associates, said that the decision to get into the LPO sector was influenced as much by the size of the industry as it was by the increasing importance it is assuming in the current global economic downturn.
"The legal budget of large corporations is in tens and often hundreds of millions of dollars and directly affects the bottom line of these companies. Today, corporations outsource more than US$250bn worth of legal services to law firms globally," said Singh. "The legal industry across the globe is gradually turning towards outsourcing for gaining efficiencies and staying profitable in a highly competitive marketplace. The LPO will be recognition of the fact that companies need to focus on their core competencies and leave back-end legal processes in the hands of competent outsourcers."
