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East Asia a market for legal outsourcing
With companies from non-English speaking countries such as South Korea, China, and Japan requiring to file patents in the US and European courts to expand business opportunities, legal process outsourcing companies (LPOs) here have set their eyes on the markets in these regions.
“The US and the UK constitute a major chunk of our business. However, we are expecting to rope in more clients from Japan, South Korea, China, Malaysia.
“We expect our revenues from the new countries to increase by 20 per cent in the next one year,” said Mr Sanjay Kamlani, CEO, Pangea 3. Similarly, Integreon, a Mumbai-based legal outsourcing firm, is also spreading wings in the non-English speaking market.
Hiring Indian lawyers
Mr Balwant Rawat, Head, Intellectual Property Division at Evalueserve explains, “Since to engage US lawyers for the entire process is expensive, many would look to hiring Indian lawyers for it.” In the IP domain, business from these countries is expected to double over the next two years.
New Delhi , Dec. 4