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Legal- IP Service,provider Pangea3 scouts for IITians
V Hemamalini CHENNAl
It is estamated that by 2016,60% of all legal work, including patent prosecution, would be outsourced to India. The big business opportunity has led companies like Pangea3 to scout for talent beyond the legal fraternity. Mumbai based Pangea3 provides end-to-end Intellectual Property (IP) services, which includes patent application drafting and supporting client's patent application and prosecution process. It has been recruiting from IIT’s all Over the country. “This year marks our first-campus recruitment from IIT’s. So far, we have had only IIT interns Working with us. who could take home the experience Pangea3 co- CEO Sanjay Kamlani told ET on Friday when he was here on a recruitment mission. At IIT-M, the company made a presentation. Which attracted 150 students from various disciplines. Of this 135 candidates took the tests. We reviewed the list and short-listed 35 to meet. We got candidates from all backgrounds, BTech electrical, Biotech, mechanical and chemical,” he said. The company, which has already absorbed 12 IITians from Mumbai and 7 from IIT-Madras, has been visiting IIT-Kanpur, IIT-Delhi and Roorkee, too.
On why IITians would prefer to work in the legal space, Mr. Kamlani ' said, “We have so many top clients. like Google and Microsoft. Exposure to different companies of this stature is attractive at a young stage of one's career. We have strong relationships with Silicon Valley companies. Our people get to look at IPs of various top MNCs, learn the various ways of doing business and the chance to see different technologies too. They also get exposure to IP services in multiple domains like IT, telecom and pharma.”
Pangea3 has init, fold 30 scientists in Mumbai, who are PhDs, and engineers, with IIT & REC backgrounds. Inspired by the solid on-campus recruiting process at the IITs, The company is aiming to extend 30 to 40 offers to candidates from the premier institutes 'The approach to the recruitment process in IITs is methodical and disciplined. It makes practical sense to start t h e day early and leave with accepted offers. The work is hard but productive," he added. The 100-plus peopIe,organization is targeting a $8-10 million revenue by December 2007 and $18-20 million the year after. Catering to at least 25 Formne500 companies, Pangea3 believes in the engineer-lawyer combined mode of operation. Engineers form 35% of the company's people base. "Litigation, corporate and intellectual property expertise is essential. To have an engineer and lawyer, Working in tandem,, would mean offering a better product to the customer”, Mr. Kamlani said.
