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US crisis: Boom time for law BPOs in India
October 3, 2008
Stating roughly about the capital size of this growing industry in India Kamlani says, "If you take the low end of the LPO bill rate, say $30 per hour and assume an average LPO lawyer bills 1,800 hours per year, then 35,000 LPO lawyers would generate approximately $1.75 billion."
"We have seen an increase of over 100 per cent in our volumes in the last six months and presently witnessing an extraordinary influx of work both directly and indirectly related to the sub-prime crisis and more generally to the US recession," he added.
Image: The US Securities and Exchange Commission in Washington, DC | Photograph: Somodevilla/Getty Images
Also read: Wall Street bailout: Now, the lawsuits!
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