Can India Become a Global Hub For123

IS Hub For Legal Documentation Services? : 

IS Hub For Legal Documentation Services? GROUP MEMBERS Rajan Dasai(08) Shrishti Jha (18) Honey(28) Chander Shekhar Saini (38) Harshit Vora (48) Samina (58)

Legal Documentation and Outsourcing? : 

Legal Documentation and Outsourcing? Legal Documentation is a legal term of art that is used for any written legal document such as a certificate, a deed, a will, an Act of Parliament or a law passed by a competent legislative body in municipal (domestic) or international law etc… Legal Documentation Outsourcing is the industry in which in-house legal departments or organizations outsource legal work from areas where it is costly to perform, such as the United States or Europe to areas where it can be performed at a significantly decreased cost like India.

Various services : 

Various services Services like, Preparing of will Drafting and application of patents Legal Diligence Intellectual Property Work

Major players… : 

Major players… Pangea3 G B Law solutions Trust-man Legal outsourcing E-case solutions Legal Sonic

Driving Factors : 

Driving Factors There are many factors influencing Legal Documentation like, Lower cost of living and hence lower salaries. A million English-speaking lawyers and 80,000 English speaking law graduates – “sincere” India shares the same, British-based, "common law" legal system. Time difference – Time Saver. Real estate is cheaper than USA Example - Sony ‘opinion letter’ for film

Working of Legal Documentation : 

Working of Legal Documentation Kind of legal work out sourced Legal research and Legal drafting e.g. SDD Litigation support Drafting and application of patents Legal diligent Pay structure 20-25k, 25-30k, and with experience 70k Skills required Proficiency in American English, drafting and research methodology Administrative structure Associate – Sr. Associate – Project Manager – Sr. Project Manager – Vice President – President - DIRECTOR

MERITS AND DEMERITS : 

MERITS AND DEMERITS MERITS Cost savings Quality control Time-related advantages Demerits Union Agitation Language Barriers Leak of data Labor Exploitation

Growth and Contribution : 

Growth and Contribution It is growing aggressively. 60% a year in recent three years. $61million industry. Expected to grow by 6-7% in the 250 billion dollar global market of Legal Process Outsourcing, by 2010 Outsource-able from the US alone are approx. 15-18 billion dollars by 2010.

CONCLUSION: : 

CONCLUSION: The legal documentation outsourcing industry is definitely the next big sector as more and more company see the value of moving away from firms that charges as much as $1000 per hour to a model where they pay a third of the price for work that is of equally good quality. This is definitely the sector for brain and ambition.

CONTENTS: : 

CONTENTS: Introduction to Outsourcing of Legal Documentation. Driving Factors leading to origin of Legal Documentation in India. Working of Legal Documentation in India. Players in Legal Documentation. Advantages and disadvantages of Legal Documentation. Share of Legal Documentation in India economy and contribution to GDP. Future of Legal Documentation in India. Conclusion