PANGEA3 LLC

With the credit market still tough as building nails, it’s more important than ever that construction companies know the deal they’re putting together is a good one.

In a recent article in Building magazine, Pangea3 Co-CEO David Perla convincingly explains the important place legal process outsourcing (LPO) providers should have in construction’s wakening mergers and acquisition activities.

By nature, large scale construction firms have a vast number of contracts. Bad contracts can fly under the traditional due diligence radar, and a host of rotten apples can eventually spoil the stability of the acquiring company. Perla points out that while it would be absurdly expensive and tedious for a traditional law firm to go through each contract during due diligence, lawyers from an LPO provider are well equipped for the job and can do it at a fraction of the price.

“Deep dive” due diligence may not be the first topic a board of directors thinks about, but in this market boards are bound to recognize its necessity.

To read the full article, see the July Issue of Building Magazine.

In a recent Lawyers Weekly article, entitled “Lawyer on Tap,” Angela Priestley writes about the growth of the legal process outsourcing business in Australia, highlighting Pangea3’s recent partnership with Australian firm, Advent Lawyers. Priestley sees LPOs as an increasing presence in Australia, a country where the outsourcing of legal services is a newly growing business. Pangea3 Vice President and Managing Director - Legal Services, Antony Alex, is quoted extensively, clarifying the importance of LPOs. “It’s like attorneys on tap. You turn on the tap and get a whole stream of well qualified, very articulate and very smart lawyers….”

Antony describes a future with a “…leaner, meaner and more efficient way of delivering legal services…a world where general counsels get value for money and, more importantly, their services delivered in a timely manner that makes them more effective and efficient managers of the legal department.” For in-house counsels, the ability to outsource basic but time consuming legal work results in invaluable savings, allowing them to focus on more complex and sensitive tasks. In turn, they have placed pressure on law firms to reduce their bills through LPOs. Though prices are significantly reduced, the quality of work is very high, ensured by Pangea3’s high ratio of experienced and gifted US/UK trained lawyers to Indian lawyers, perhaps the highest in the LPO industry.

John Knox, Managing Director of Advent Lawyers, believes that Australian law firms are both aware that they could be more efficient, and ready to embrace a viable alternative to “having ten backpackers, 12 paralegals and other people all doing a document review.” While some of the Australian lawyers quoted in the article mention quality concerns, Knox believes that with increased familiarity with legal outsourcing, their fears will be dispelled and they will embrace the efficiencies it offers. In her editorial note for Lawyers Weekly, entitled “Outsource or Get Out,” Priestley vehemently emphasizes the significance of LPOs in Australia. “Some mid-tier law firms and innovative general counsels are already realizing the potential of LPO. If large law firms don’t put their hands up to play too, they risk missing the game all together.”

Read the full article entitled “Lawyer on Tap.”

The Hildebrandt Institute is hosting the 8th Annual Practice Group Management Forum on June 2-3 in New York. The event will provide latest updates related to practice group management in today’s changed economy. Our Co-CEO, David Perla, will be speaking on the “New Models for Success: Legal Process Work Redesign/Process Improvement - Changing the Way Legal Work is Performed” panel on June 3rd from 9:00 AM to 10:30 AM. The session highlights include:

• Significance of Process Improvement for law firms
• New approaches to legal matters
• Capitalizing upon disaggregation and legal outsourcing trends
• How to implement process changes with the practice group

Read event description on pangea3dotcom.