New Delhi, Jul 23 (UNI) With the outsourcing business growing by leaps and bounds in India, leading legal consulting firm UnitedLex is all set to invest six million dollars during the current fiscal in the Legal Process Outsourcing (LPO) vertical.
UnitedLex has secured Series B funding, led by venture capitalist companies-- Canaan Partners and Helion Venture Partners, company Chief Operating Officer Anup Bhasin told reporters here today, while announcing the opening of second delivery centre in Gurgaon later this quarter to expand its Global Delivery Network.
The company will invest 1.6 million dollars in the centre, which will be a 750-seater facility.
The two delivery centres in Gurgaon SEZ offer cross industry consulting and outsourcing services in litigation support, contracts and sourcing management, intellectual property and immigration, as well as industry-specific services focussed on legal, financial, technology, energy and life sciences sector.
Confident of sailing through despite the rising input costs, Mr Bhasin said, ''We have introduced alternative pricing invoice which we send to our customers to meet the rising costs.'' ''We are also optimising production costs by reducing transportation cost and optimising shifts,'' he told UNI.
The US-based firm with 10 million dollar revenue in 2007, expects to more than double its revenue to 22 million dollar by 2009.
The company has more than 88 clients, mostly in the US.
However, it does not have any plans to explore the domestic market in the near future.
UNI PDT SG AS1647