Indian LPO firms are expecting a rise of over 200% in revenue in the past one year. They have experienced amazing rise in litigation, bankruptcy related document drafting and intellectual property infringement work. Many feel this has happened due to the slowdown in US, reports The Economic Times.
Sanjay Kamlani, CEO of Mumbai-based Pangea3 said,
We have seen a dramatic rise in business from the litigation and IP infringement verticals in the past three months as organizations look to make money form brand or IP infringements due to a slowdown in consumer spending in the US. We have ramped up our headcount correspondingly by almost 50% and plan to scale up more in the coming months.
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