|
US
companies now outsource legal work to India
Bangalore: After law firms and individual attorneys
outsourcing their legal processes to India, US law firms
have got into the act.
US
companies fighting a case in the US hire just one lawyer
to appear in court while they station their entire legal
department in India because most of the research and paperwork
for large American corporates is currently being done
in India. A number of Indian companies are employing large
number of lawyers and doing high-end legal document work
for big companies like Calvin Klein, Universal Pictures,
20th Century Fox, HBO and John Wiley and Sons in the US.
LPO
has now become a $61-million business with work coming
from several sources into the country. Law firms are still
the leading source the business (49 per cent), but catching
up fast are corporates who form a significant chunk (36
per cent) of the sourcing pie, while the rest is shared
by individual attorneys and legal publishers.
India
churns out close to 200,000 law graduates every year of
which only about 79,000 are English-speaking and hardly
850 get into jobs into top law firms in the country.
India,
the US and the UK share similar legal systems and Indian
Universities educate lawyers to work only in the Indian
legal system.
Back
to News Review index page
Inflation
falls to 4.80 per cent on cheaper food, energy
New Delhi: Wholesale price based inflation (WPI) has
dropped to a 10-month low at 4.80 per cent for the week
ended June 2.
The inflation rate stood at 4.88 per cent during the corresponding
week last year.
Inflation
for the week ended May 26 stood at 4.85 per cent compared
to 4.72 per cent for the corresponding week in 2006.
The
decline in inflation is mainly due to a higher base effect.
WPI for the week rose 20 basis points to 211.9 from 211.7
in the previous week.
During
the same week last year, WPI increased by 30 basis points.
Economists
said the base effect will ensure that inflation stays
at current level in coming weeks.
Inflation
touched 5.29 per cent in the week ended 10 June, 2006
and fell to 4.72 per cent by end July, 2006.
Back
to News Review index page
|
