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LegalEase Solutions, a US-based legal outsourcing
company, plans to make Kochi its base of operations
for undertaking top-end jobs.
Speaking to ET, Mr.Tariq Akbar,
partner, LegalEase Solutions, said that lower
cost of operations is the primary reason for the
choice of kochi as the main base of the company.
"But for IPR-related work we are making bangalore
our base", he said chennai is the other major
centre of the company.
He pointed out that what was
outsourced to the country earlier was low-end
jobs like document review. but now high-end jobs
like legal research, transactional work, IPR work,
preparation of appeals complaints, pleadings and
final briefs etc are being outsourced to the country.
Mr.Tariq Akbar believes that
the market has completed the educative curve and
has started experimenting with actual work.
Lower Cost Of
Operations Is The Primary Reason For Choosing
Kochi As The Main Base Of The Company
As a result of the higher volume
of outsourcing business generated, the comany's
revenue is expected to go up. For Example, LegalEase
solutions has achieved a turn over of US$ 250,000
in 2005-06, while in 2006-07 it is expected to
grow by 30 to 50 %, he said. LegalEase Solutions
has at present around 65 clients spread across
17 states. Around 70% of the work of the companies/clients
is being outsourced to india while the remaining
30% is retained in US.
The company has started its Kochi-operations
employing five people. " We give an year
long training programme to the employees on US
law", Mr.Akbar said. "Their efficiency
goes up by nearly 300 % after this", he said
Mr.Tariq Akbar pointed out that
the quality of work done in the country has been
highly appreciated by all. The other advantage,
according to him, is the huge difference in costs.
For example, the work, which a company like LegalEase
Solutions does, would cost 140% higher if done
by a contract attorney in US. Again, the same
work done by a law firm would be costlier by 100
to 110% as compared to a contract attorney, he
said.
By S Sanandakumar
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