The Legal Process Outsourcing (LPO) business is looking like the sole industry to be immune to the global economic breakdown. With most businesses struggling to stay afloat, LPO companies are still going all out on hiring sprees
One LPO firm, United Lex, has brought good news for aspiring law professionals across 10 law colleges in India. The firm intends to reach a total headcount of 1,000 by March 2009, adding 800 employees in the coming three months.
The main factor behind the stability is the global gloom, as the industry is forecasted to benefit from foreclosure cases and litigation in US.
United Lex vice president (HR) Rakhi Sharma said that LPOs are looking at top law colleges for campus recruitment.
The firm has two delivery centres in Gurgaon, one 300-seater and one 130-seater. Sharma said that employees at the Gurgaon centres work in three shifts, which he said ensures efficient utilisation of manpower.
The salary range would vary between $6,000 and $10,000 (Rs 300,000 to Rs 500,000). The reputation of the college will be a factor in deciding the salary of the recruits.
Venture capital fund Canaan Partners and Helion Venture Partners have fuelled Atlanta headquartered United Lex with $6 million in July towards a second round of funding. X