![]() Hinduja TMT & Centric join hands with leading law firmsPublished on Thu, Feb 01, 2007 at 13:59 | Source : Moneycontrol.com Updated at Thu, Feb 01, 2007 at 15:02
Hinduja TMT (HTMT) and UK based business consulting and outsourcing organization Centric announced a joint venture, in association with Fox Mandal Little - one of India's leading and oldest law firms to provide legal outsourcing services to multinational companies and various international law firms. The new company will be called Centric LPO and would be a subsidiary of HTMT. While HTMT is one of the leading players in the Indian BPO market, UK based Centric provides business consultation and outsourcing services in sectors such as IT, Power, Pharmaceuticals, Construction and Logistics. Centric has been developing programs in the legal service outsourcing areas and servicing multinational corporations and law firms keen on outsourcing various aspects of their work. Through their working model, they have been consistently providing clients with cost efficiencies, improved quality and clearly defined process improvements. According to a Forrester Research report, the current annual value of legal outsourcing is worth $80 million and can increase to $4 billion by 2015. According to the BPO council of The Associated Chambers of Commerce and Industry of India (Assocham), more than 200 top US companies are looking for offshore locations towards achieving savings between 30 - 70 percent. This Joint Venture will mark HTMT's foray into the highly promising Legal Process Outsourcing sector while enhancing HTMT's onshore delivery capabilities around the world. The deal will also enable Centric LPO to expand upon its existing and high quality client base. Fox Mandal Little will provide high quality legal services to the JV and also address any client requirement for high end legal services. The association of, Fox Mandal Little will enable the JV to reach out to the large UK and US markets through their expert team of qualified lawyers. Contd on page 2.....
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