CPA prefers India as offshore site

NEW DELHI: IP services provider, Computer Patent Annuities Limited (CPA) has announced the setting up of IP services delivery center in India.

CPA said in a statement on Wednesday that it has also appointed Bhaskar Bagchi, former manager of high quality knowledge center XL Capital and IBM Daksh as the country head of Indian operation.

Peter Sewell, CPA’s Global CEO, said, “We’ve had a presence in India for the past 18 months, via Intellevate however the full launch of our Indian operation is key. We have been delighted with the results so far and we are planning to at least double our staff here. This Indian operations center will become the engine room that enables CPA to become the global leader in outsourced legal services.”

CPA currently employs over 200 staff in India that work with CPA’s other IP specialists across the globe to deliver on and offshore services to clients.

CPA said that India has been an offshore destination for business process outsourcing (BPO) for many years and statistics show that India is a preferred choice for both knowledge process outsourcing (KPO) and legal process outsourcing (LPO). As the LPO trend continues, it plans to move into new markets, outside of the IP arena and with another announcement set for the coming months.

The overall addressable offshore opportunity in legal services is estimated to be $4.5 billion by 2010. The Indian offshore industry will grow dramatically, especially in 2006 and 2007; and from a current revenue base of $61.6 million we expect off-shoring revenues to touch $605 million in 2010, a CPA statement said.

The number of people employed in legal off shoring is set to increase to 24,000 in 2010 from 1800 in ‘05. The Indian legal off-shoring industry will grow ten-fold over the next four years to revenues of $600 million, the statement added.

© CyberMedia News