While the latter basically export goods originally at the lower end of the value added scale and it is increasingly moving towards the upper end. The India essentially imports service jobs due to its combination of an excellent higher education systems and English as a native language. Through there is a continues movement up the value added chain, it is even a high end services such as the architecture and the medical specialties like the radiology which are both rely on the Internet imagery and now a law are increasingly visible. In the New York City, as an assistant attorney general for the New York State they spend most of the time in arguing in courtrooms. With the fresh juice stalls and the construction rubble they sprawling, unfinished planned suburb of New Delhi where office buildings are sprouting from the empty lots and dirt roads are fringed with the fresh juice stalls and the construction rubble.
The India’s legal outsourcing industry has grown in the rent years from an experimental endeavor to a small but a mainstream part of the global business law. The Cash conscious wall street banks mining giants, insurance firms and the industrial conglomerates are hiring lawyers in India for the document review, due diligence, contract management and more. To win new clients and take on more sophisticate work legal outsourcing firms in India are actively recruiting experienced lawyers from the West and the American and British lawyers who might once have turned up their noses at the idea of moving to India or harbored an outright hostility to outsourcing legal work in principle are re-evaluating the sector. From 40 in 2005, the number of the legal outsourcing companies in India has mushroomed to more than 140 at the end of 2009.
The revenue at India’s legal outsourcing firms was expected to grow to $440 million in 2010 up 38 percent from 2008 and should surpass $1 billion by the year 2014. This is not a blip, this is a big historical movement. There is an increasing pressure by the clients to reduce the costs and increase efficiency and with the companies that is already familiar with the outsourcing tasks information technology work to India. The number of Western lawyers moving to outsourcing companies could be called more a trickle than a flood. The business flows out of traditional law firms and into India. The compensation for the top managers at the legal outsourcing firms is competitive with the salaries at the midsized law firms outside the major metropolitan areas of the United States.
REFERENCE:
http://www.economywatch.com/economy-business-and-finance-news/legal-outsourcing-brings-US-UK-attorneysto-India-18-01.html
