Frost & Sullivan recognizes Pangea3 as the mkt leader

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Pangea3, a provider of outsourced legal and patent support services, today announced it has won the Frost & Sullivan Market Leadership Award for demonstrating a clear leadership in the legal process outsourcing space.

 

Pangea3 was selected for this award on the basis of an extensive market study done by Frost & Sullivan to ascertain the kind of work done by various players in the industry and their overall revenues. According to the study, Pangea3 has emerged as the single largest player in the legal process outsourcing market with the highest market share in India.

 

The Frost & Sullivan Market Leadership Award is given to companies which exhibit leadership through the identification of market challenges and a corresponding development and implementation of a successful market strategy.

 

Pangea3 currently provides outsourced legal and competitive intelligence services in the areas of Intellectual Property, Corporate, and Litigation combined with customized low-cost technology solutions (on-line docketing, contract/document management, and legal-term database platforms) that enable clients to fully utilize our services and products in ways that were previously impossible from a technical or budgetary standpoint.  Since its launch in May 2004, Pangea3 has grown to over 100 employees and has provided a variety of services like contract drafting and analysis, patent drafting, technical IP research and analytics and litigation document review to more than 200 clients. In March this year, Pangea3 secured its second round of funding for $4million from The GlenRock Group, a New York headquartered strategic investment and advisory firm.

 

Commenting on the award, Sanjay Kamlani, Co-CEO, Pangea3 said, "Pangea3 is proud to pioneer the current revolution in the way legal services are contemplated, accessed and delivered in the globally unified internet world.  We are enabling global competition in a historically localized legal industry by elevating quality and dramatically reducing cost.  We strongly believe that our service offerings will create a significant impact within the legal industry at a time when skyrocketing costs of local external law firms in the US and Europe have been hampering the growth of their clients. The Frost & Sullivan Award clearly recognizes the growth that we have achieved by providing high-end legal services to clients.  We are extremely pleased that Frost & Sullivan has recognized Pangea3 as the leader in legal process outsourcing."

 

Mr. Alok Shende, Director - ICT Practice, Frost & Sullivan India, said, "The legal and the patent services industry is expected to post solid gains from the offshoring model.  Pangea3 has acquired an early bird's advantage by establishing its leadership well before its competitors in this emerging space"

 

Sourced From: Text 100 Public Relations Consultancy