Friday, March 17, 2006

Marlabs, another LPO wannabe?

Seems like a low end provider...

Quoting from Offshore Experts:
We are currently working with Legal & Insurance companies specifically in the area of Legal Services to:
-Speed up the settlement process of litigated cases
- Reduce cost of the discovery process
- Manage digitized documents
- Process & index key legal documents and records

Marlabs Solutions for Legal Services
- Litigation management portals
- Document management systems
- Legal Front Office systems
- Data Conversion & Mining
- Claims Management systems
- Infrastructure Support Solutions
Specific areas of expertise include:
- Legal Bill Review systems
- Cross-enterprise collaboration for settlement processes with electronic document tracking and sharing
- Document Abstraction, Indexing and Hyperlinking
- Electronic forms and submissions

Indiatimes and Outsourcing Weblog also have reports.

ValueNotes, reports:

Fulfilling our earlier prognosis (in the report Offshoring Legal Services to India, December 2005), new entrants seeking to provide legal services to India are proliferating. The latest is Marlabs (a US$ 50 million technology services and solutions provider), which announced ambitious plans this week.

Marlabs currently provides a full suite of services and solutions to the healthcare, insurance, real estate, media and entertainment verticals and plans to leverage its client base and build on its initial efforts in the legal services area.

The company's delivery center in Bangalore is already functional and aims to provide "high-end decision support to law firms and professionals in the US on litigated cases". The company plans to hire about 400 professionals by the end of 2007, to add to the 100 employees already on the payroll.

In December last year, ValueNotes published a report and identified an overall addressable market of US $4-5 billion in the legal outsourcing segment by 2010. Indian offshore revenues from legal services were $61 million in 2005 and are expected to increase ten times by 2010. This is the market that Marlabs hopes to tap. In recent weeks, Kolkata-based legal firm Khaitan & Co. entered the segment by starting a new company Neoworth, which will carry out high-end legal outsourcing, while another firm, Pangea3, announced plans to expand its operations in India by hiring 600-700 employees over the next four years.

Source: ValueNotes India Outsourcing Weekly, March 17, 2006 : Vol III No. 11