Sub-prime swells coffers of Indian LPOs

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The US sub-prime crisis may have affected the fortunes of Indian IT firms, which have clients with mortgage exposure, but the country's legal process outsourcing outfits are laughing their way to the bank as American law firms have begun offshoring the credit crisis-related work.

The portfolio includes legal analytics, discovery and litigation support, and first-line document drafting. This is in addition to the renewed demand for traditional LPO skill sets like bankruptcy filing and processing, and claims' scrutiny out of India. The 200-odd LPO firms in India include SDD Global, Evalueserve, Integreon, OfficeTiger, CPA Global, Mindcrest and Pangea3, besides service providers such as Infosys BPO, Quattro BPO and Wipro BPO.

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