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Loxodrome opens new facility in city

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Express News Service

Posted: Aug 25, 2008 at 0316 hrs IST

Pune, August 24 Loxodrome Solutions, Inc., a legal process outsourcing (LPO) company, opened a new facility for its wholly owned subsidiary, Loxodrome Solutions India Pvt Ltd, in Pune.

In his inaugural address, Laxman Narasimhan, director at McKinsey & Company said, "Companies in the LPO industry are poised to capitalise on four trends impacting law firms globally (i) growing client "purchasing" sophistication (ii) globalisation of demand from existing clients, (iii) new growth opportunities emerging outside the US, and (iv) shortage of experienced talent. As a result, law firms are following different strategies.”

He said offshoring legal services, was a clear opportunity for law firms, and increasingly for corporate entities. “To succeed in the long term, LPO service providers will need to adapt to the changing dynamics in legal services and build companies that deliver outstanding service and value."

"We selected the city of Pune for our India operations because of its advanced infrastructure and its proximity to top Indian law schools ," said Sanjay Nath, CFO of Loxodrome.

Milind Rode, creative head & CEO of Meta Arch and one of Pune's leading architects said "We designed this facility to meet the security requirements as specified in Loxodrome's Corporate Information Security Policy, and to provide a work environment compatible with the close team work required for efficient litigation support document review."

"We needed a facility that enables both team work and security," said Vidya Swaminathan, Vice President of Global Operations for Loxodrome.

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