This past week there’s been a flurry of stories from and about the Indian LPO sector.
The Washington Times reports on the effect the recent Mumbai terrorist attacks may have on India’s LPO business
http://washingtontimes.com/news/2008/dec/08/legal-outsourcing-to-india-takes-a-hit/
This report on the CIOS Network is more of a press release from Infosys but it does reveal that US clients are demanding more options and checks & balances from BPO & LPO companies as money gets tighter
The global financial meltdown has resulted in law departments of corporations revisiting their legal processes and budgets. An area of legal work that is gaining increasing attention is contract management. The current situation has called in for urgent management of contracts and a cleansing effort at global levels to re-assess contractual commitments and risks. The imperative at present is getting legal work done efficiently and cost-effectively than ever before.
Zee News reports that Indian LPO businesses are now looking for new clients and Japan appears to be a favourite destination to search out business
Indian LPOs head for Japan
New Delhi, Dec 07: After cornering a good chunk of work in the multi-million US industry, the Indian legal process outsourcing units are now hunting for business in the East Asian countries and Japan, a potential markets.
Indian legal process outsourcing (LPO) firms such as Kochhar & Co have already entered into Japan, which houses some big Fortune 500 companies.
http://www.zeenews.com/business/companies-commodities/2008-12-07/489062news.html
Although it looks as though they needn’t worry too much as the Indian Economic Times reports that the financial meltdown in the US looks as though it’ll be fueling the coffers of Indian LPO’s for quite some time yet
LPOs flourish on US business
NEW DELHI: The Wall Street crisis has proven to be a windfall for legal process outsourcing (LPO) companies. The crisis that impacted the fortunes of Indian IT firms has the country’s LPOs laughing their way to the banks with huge amount of litigation work coming their way from the US. After leading BPO companies like Infosys and Wipro, a leading software solution provider Zenith Software and Nasdaq-listed EXL Service are now looking at LPOs as a major business opportunity.
And finally we picked this interesting piece up from Mondaq. US firm Burns & Levinson LLP have published an update to the site entitled
United States: Outsourcing Your Intellectual Property Work May Be Illegal
04 December 2008
Article by Jacob N. (Jesse) Erlich and Stephen F. W. Ball
For a number of years, inventors, businesses, and even some patent law firms have used overseas companies to conduct novelty searches and to assist in drafting and prosecuting U.S. patent applications. This outsourcing practice has developed into a multi-billion dollar annual business with foreign countries, particularly India. Recently, the American Bar Association officially authorized the long-standing use of outsourcing by the legal profession, noting that the "outsourcing trend is a salutary one for our globalized economy." (ABA Ethics Opinion 08-451.)
You can access the article at the following url. You’ll need to be a registered Mondaq user to see the piece ( you can register for free) http://www.mondaq.com/article.asp?articleid=71060
