Large law firms and in house legal departments of large enterprises have enjoyed the benefits of outsourcing (quicker turnaround and lower costs) with success for quite some time in the United States.
On the other hand, small and midsize enterprises and
law firms have just begun to outsource legal work to enjoy these benefits. This
has become possible with a wider availability of technology at a lower cost, in
addition to the arrival of a new breed of vendors who are addressing the unique
requirements of small and midsized enterprises and law firms.
These vendors are providing services with better
quality, by leveraging on technology and through deployment of experts in the
work which is outsourced. Lawyers from
India are increasingly familiar with US law and have several years of
experience in doing legal work for US law firms and in house legal departments
of large corporations. It has become possible to deploy experts these days due
to aggregation of work from various clients, and the cascading higher volume of
work.
The law firms and in house legal departments have enjoyed
the benefits of a quicker turnaround time. The work left with the Indian entity
at the end of their day is completed and available when they arrive at work the
next day. These have become as important
as the other core reason for outsourcing, namely saving of costs – law firms
and enterprises have been able to save between 50 -60% of their cost by
outsourcing legal services.
What work can be outsourced?
Any work that can be done without requiring fact to
face interaction with clients or physical presence in a court of law can be
outsourced. Some of the typical examples of work outsourced are in:
a)
Contracts:
Drafting, Review and management
b)
Litigation
Support : Discovery management, review, analysis and coding and Presentation
c)
IP
Rights: Search, Application for patents and defence
d)
Legal
and Business research
a) Contracts – Drafting, Review and Management
We prepare first-cut drafts of contracts that are fit
for purpose and conform to your house style. You need to provide:
·
Standard templates that conform to your house style and
·
Unique variables relating to each
contract
Your lawyers
would still be in control over the quality of the draft and enforceability in
courts of law without having to log expensive time in preparing the first cut
draft.
We can handle a wide variety of contracts including
contracts for:
·
Sale of
securities and derivatives
·
Sale of
goods or services
·
Sale or
mortgage of property
·
Lease
of property
·
Lease
of equipments
·
Employment
etc
We manage your contracts by maintaining a
comprehensive database of all your contracts that provide:
·
Contract information (Purpose, Period, Entities, Addresses, Counsel,
Validity, Termination rights, Applicable law, Jurisdiction etc)
·
Summary of terms
·
History of notices
We maintain a
summary of all obligations and covenants (to facilitate compliance) and all
rights (to enforce compliance)
b) Litigation Support
Our litigation support services include:
·
Discovery management,
·
Review
·
Analysis and coding and
·
Presentation
To help your
lawyers focus on successfully winning or defending cases.
We help your lawyers to stay focused on winning the
case by providing discovery management support.
Our services include:
·
Understanding case issues and priorities
·
Determination of collecting strategy
·
Determination of work processes to speed up and yet not miss out on
collecting documents
·
Quick focus on most useful documents by continuous elimination of
irrelevant items
·
Quick analysis of documents for materiality, relevance, confidentiality
and privilege; rapid automated
codification and validation
·
Quick production of documents to facilitate rapid internalization and access
We can work
with your proprietary document discovery management system or any standard
off-the-shelf solution including ConcordanceFYI ™ and CaseLogistix ™.
In spite of
increasing popularity of e-discovery, physical paperwork has continued to stay.
We help your lawyers by reviewing physical paper documents and codifying them
for rapid prioritization and access.
We measure
our success by reducing your attorney’s document review time and cost. Not just
by being more competitive than other providers in discovery process.
c) IP Rights
Our lawyers (supported by domain professionals) can
support you in
·
Prior Art Search,
·
Assessment of patentability,
·
Patent proofing,
·
Invention disclosure evaluation and
·
Drafting the application for patents.
We offer
support in IP Asset management with review of potential or existing
infringements and in litigations to protect against such infringements.
d) Legal and Business Research
We conduct
research on industry standard private databases as well as public domain
databases to provide research support to your team of lawyers to win/defend
litigation or to provide counsel to clients on complex issues.
Our research support includes:
·
Reviewing legislation
·
Reviewing case law precedence
·
Reviewing journals
·
Reviewing contracts and
·
Preparing summaries and abstracts.
Where to outsource?
Law firms and in house legal departments typically
outsource legal work to someone who is willing to understand their
requirements, and give quality service that they require.
TaurusQuest is one such company, which has acquired
expertise in serving small and midsize enterprises better, and has been
recognized for its operational excellence and delighting service. We were
awarded 4th worldwide by the US based Black Book of Outsourcing for
one of our services in 2007. We have a number of legal professionals who have
experience in providing the services mentioned above to US and International
law firms and to business enterprises. The senior executives of the company
have lived and worked in the US.
TaurusQuest has two delivery centers in Chennai, India
with 300 seats. For further details on our company and the services we offer, visit
us at www.taurusquest.com and Contact us
at enquiry@taurusquest.com
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