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Outsourcing professional services to India
The outsourcing industry has always boomed in India, thanks to the country’s ability to provide high-value services at a low cost. But who knew it included legal work?
November 30, 2010 3:44 by shafeer
Multinational firms employ thousands of English-speaking Indian lawyers to do legal work at a small fraction of the cost of hiring American lawyers.
In fact, the number of legal outsourcing firms in India has grown from just 40 companies to more than 140 in five years. Now, Indian legal outsourcing firms expect revenue to come in at a total of around $1 billion by 2014. Admittedly, this remains less than 1 percent of the global law industry, but it’s still quite a chunk.
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Source: World Business