Pangea3
Encyclopedia
Pangea3 is a legal outsourcing
services provider with headquarters in New York City
and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms. In 2007, it was recognized as one of the leading legal outsourcing services companies in India.
General Counsel, David Perla, and former OfficeTiger CFO and General Counsel, Sanjay Kamlani. Pangea3’s legal outsourcing services are managed and run primarily by U.S., U.K. and India
n attorneys. Pangea3 provides its legal outsourcing services entirely from its India based offices.
In 2005, Pangea3 opened its first office in Mumbai with 35 employees. It has since grown to 300 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India. In 2006, Pangea3 received $4 million dollars in Series B funding from the venture capital firm The GlenRock Group. A year later, it closed a $7 million Series C round of funding with venture capital firm Sequoia Capital
India.
In early 2008, Pangea3 opened a ISO 97001 compliant facility at Andheri, in Mumbai, India. Created primarily to house its expanded legal services departments, the facility expanded Pangea3’s capacity to 475 worldwide.
Received the Market Leader Award for Legal Process Outsourcing by Frost & Sullivan, 2006
Recognized by Time Magazine as an Industry Leader in Legal Outsourcing Services, 2007
Recognized as a leading legal outsourcing provider by Valuenotes, 2007
Recognized as a leading intellectual property outsourcing services provider by Valuenotes, 2008
Recently on 19 November 2010, Pangea3 has been acquired by the financial news and business information provider, Thomson Reuters. The total deal value could be in the range of $35–40 million (around Rs 157-200 crore).
Outsourcing
Outsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
services provider with headquarters in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms. In 2007, it was recognized as one of the leading legal outsourcing services companies in India.
History
Pangea3 is a privately funded legal outsourcing services provider founded in 2004 by former Monster.comMonster.com
Monster.com is one of the largest employment websites in the world, owned and operated by Monster Worldwide, Inc. Monster is one of the 20 most visited websites out of 100 million worldwide, according to comScore Media Metrics...
General Counsel, David Perla, and former OfficeTiger CFO and General Counsel, Sanjay Kamlani. Pangea3’s legal outsourcing services are managed and run primarily by U.S., U.K. and India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n attorneys. Pangea3 provides its legal outsourcing services entirely from its India based offices.
In 2005, Pangea3 opened its first office in Mumbai with 35 employees. It has since grown to 300 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India. In 2006, Pangea3 received $4 million dollars in Series B funding from the venture capital firm The GlenRock Group. A year later, it closed a $7 million Series C round of funding with venture capital firm Sequoia Capital
Sequoia Capital
Sequoia Capital is a Californian venture capital firm located on Sand Hill Road in Menlo Park, California. The Wall Street Journal has called Sequoia Capital "one of the highest-caliber venture firms", and noted that it is "one of Silicon Valley's most influential venture-capital firms"...
India.
In early 2008, Pangea3 opened a ISO 97001 compliant facility at Andheri, in Mumbai, India. Created primarily to house its expanded legal services departments, the facility expanded Pangea3’s capacity to 475 worldwide.
Awards and Recognition for Legal Outsourcing Services
Ranked the Leading Legal Outsourcing Vendor by the Brown-Wilson Group’s Black Book of Outsourcing, 2007Received the Market Leader Award for Legal Process Outsourcing by Frost & Sullivan, 2006
Recognized by Time Magazine as an Industry Leader in Legal Outsourcing Services, 2007
Recognized as a leading legal outsourcing provider by Valuenotes, 2007
Recognized as a leading intellectual property outsourcing services provider by Valuenotes, 2008
Controversy
LPO's are under review by several bar associations in the United States. Ethics opinions are being sought to discredit LPOs as unethical practice of law.Strategic Alliances
In 2008, Pangea3 announced that it is a member of the General Counsel Roundtable’s Preferred Vendor Pricing Program. Pangea3 is the first and only legal outsourcing services provider participating in this program. The General Counsel Roundtable’s Preferred Vendor Pricing Program gives its members exclusive discounts on legal services from leading legal services providers. Other participating legal services companies include Serengeti, Lumen Legal and Black Letter Discovery.Recently on 19 November 2010, Pangea3 has been acquired by the financial news and business information provider, Thomson Reuters. The total deal value could be in the range of $35–40 million (around Rs 157-200 crore).
See also
- Legal outsourcingLegal outsourcingLegal Process Outsourcing refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company...
- Intellectual PropertyIntellectual propertyIntellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
- PatentPatentA patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
- Outsource
- Business process outsourcing in IndiaBusiness process outsourcing in IndiaThe business process outsourcing industry in India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations ....
- OutsourcingOutsourcingOutsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
- OffshoringOffshoringOffshoring describes the relocation by a company of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Even state governments employ offshoring...
- Patent AttorneyPatent attorneyA patent attorney is an attorney who has the specialized qualifications necessary for representing clients in obtaining patents and acting in all matters and procedures relating to patent law and practice, such as filing an opposition...