Employing 25 people who serve over 50 clients from the US, UK and Canada, LegaEase has built an impressive repertoire of legal services that are made available to law-firms, big and small, legal departments and legal counsel, quickly, with efficiency and affordably.
According to NASSCOM, there is a huge potential in this estimated US$ 250 billion legal services market. Resisting the temptation of taking on high volume low-end back office legal work that would guarantee faster growth in terms of company size and revenues, they have developed an expertise in high-end sophisticated research. Says Tariq Akbar, “We don’t want to build a big company, we want to build a great company.”
It is probably this drive to excel in the field that has earned the company a favorable reputation in legal circles that led to it being the only legal outsourcing company to be mentioned in an article on outsourcing in a leading business magazine, BusinessWeek.
Law is another developing hot spot for offshoring. While large law firms have been slow to shift work to India, corporations and smaller firms are taking the plunge. LegalEase Solutions, a Detroit outsourcing business with 50 clients in the U.S., shows how it's done. The firm's 20 Indian lawyers handle everything from researching legal precedents to writing drafts of briefs.
The service lessens the need for LegalEase clients to hire associates to do legal grunt work. The past year has also witnessed LegalEase entering a partnership with Legalbill.com LLC a major legal services provider who specializes in legal spend management, analysis and auditing serving North America, Western Europe and Asia. This Legalbill/LegalEase partnership offers corporate law departments and law firms a full suite of services ranging from legal cost analysis, auditing, and identification of areas of critical legal spend to offshoring solutions tailored to the same.
Legalbill services companies by analyzing exactly how much they are spending on legal costs and which areas of legal work this money is being spent on. The partnership has created a one-stop shop for legal spend management directed at making things more cost-effective.
If market forecasts and media hype are anything to go by, then the legal offshoring market makes for very exciting study. The inroads outsourcing has made into the fairly traditional and conservative legal circles have proved beyond doubt that its economic viability has forced lawyers and legal department to consider it as an alternative.
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Shazia Akbar
Staff Writer, LegalEase Solutions LLC
