report writing services outsourcing india
This is to verify the fact is how writing services has the potential of getting the task very easily and sophisticated in the touch with the system and the web. How to make pretty pages by this process? This is the process by which you prepare the note and document with a clear and comprehensible communication for the users, on behalf of product developers, is the responsibility of technical writing company itself. The users of the writing product are customers, scientists, content writer plant executives, line workers, product engineers and engineers, manager of a firm and top level executives. This means that from top level management to low level. It is basically under the factor of influence of the technical manual writing services in India cater to all of the publication process needs such as document design, graphics and layout and so on. This is the service by which a customer is satisfied by their innovative work.
If your have any query about the writing services then log on our site: http://www.hitechwritingservices.com
Author: Mukesh pandey
• Time zone advantage • Cost benefits with improved quality • Excellent English speaking manpower • Legal outsourcing in India and its policies • Professionally and technically educated with skilled manpower • India is also the fastest growing economy • Outstanding infrastructure appropriate for outsourcing • Exceptional investment potential • Not just BPO but even KPO service
Legal outsourcing in India is one of the largest assets of inexpensive, technical, scientific, English speaking and brilliant customer service talent. The main reason for this is that India is the hub of technically qualified graduates and postgraduates passing out through Indian universities which have the ability to deliver matching international standard services.
The legal outsourcing in India is also known renowned to provide three main services to clients which are preferred customer service, human resource and clients financing. Legal outsourcing in India also includes KPO service or Knowledge Process Outsourcing which refers to outsourcing of programs where expertise or domain knowledge is required for instance taxation, accounting, insurance, legal services, pharma services and HR services. Since India has maintained its lead in several areas including KPO the legal outsourcing in India is now eyeing legal service industry and pharmaceutical services with an approximate worldwide power of more than $17 billion.
Gaining effectiveness and staying profitable in today’s competitive business world has become really tough. Most of the international business law firms based in Europe and US are opting for the new Legal process outsourcing route to be productive. A number of International business law firms including legal departments in large corporations and even government organizations are increasingly outsourcing most of their legal issues to India to increase efficiency and reduce cost.
Similar to BPO activities legal services of India are efficient and affordable. Preparing Pleadings, proof-reading, docketing, transcription of recorded documents, research and litigation support, law firm marketing and case studies are some of the various works that are currently being outsourced to India. Legal outsourcing work in India costs nearly 80 percent less compared to the costs of using the same services in US or Europe.
Additionally the advantage of time zone, familiarity with common law doctrines and easy availability of English speaking lawyers attracts more foreign firms to opt for LPO services India. Indian attorney with UK/US qualifications are also sought after which is perfectly fulfilled by the top legal services India. Most of the overseas attorneys are impressed not just by their lower cost of labour differential but also through the speed and quality of work done. Therefore LPO India Lawyers are reported to be staffed round the clock. However legal outsourcing is also the most risk prone business sectors given concerns of attorney-client privilege and confidentiality, but the research analysts have found that its overall benefit have been tremendously boosted the business. Additionally LPO has also gained momentum in several offshore counties including South Korea and China.
As per a write-up on Computer Partners "India's software and services exports are estimated to grow by 32 percent to US$23.4 billion" in the fiscal year ending March 31, according to data released Thursday by the National Association of Software and Service Companies (NASSCOM).
IT services, including software development, are expected to contribute $13.2 billion to exports in the current fiscal year, while business process outsourcing (BPO) and call centers are likely to contribute $6.3 billion, according to NASSCOM in Delhi. Engineering services, research and development (R&D) services, and product development work are expected to contribute another $3.9 billion.
The total Indian software and services industry, including sales to the domestic market, is estimated to grow during the fiscal year by about 31 percent to US$29.5 billion.
Employment in the country's software and services sector is likely to reach 1.3 million by March 31, according to NASSCOM, of which about 922,000 are employed in the export sector.
India's outsourcing industry is riding a boom in outsourcing. A report released in December by management consulting firm McKinsey & Co. and NASSCOM was upbeat about the prospects for India's outsourcing industry. India can sustain its global leadership position in offshoring, and grow its IT and BPO industries at an annual rate of over 25 percent to generate export revenues of about $60 billion in 2010, the report said. Some keywords related to this are :
Outsourcing software development to India, outsourcing software industry, it outsourcing India, application development outsourcing, outsourcing India, offshore outsourcing to India
Off-shoring / Outsourcing is an in the face reality of the 21st century, but fewer than 200,000 American jobs lost to India in a presidential election year experiencing a low job growth has proven highly controversial. Yet, more and more stock market analysis to computer software development and troubleshooting service jobs are being off-shored / outsourced by US companies to India and other low-wage countries. Clearly, it makes economic sense to pay middle-class salaries rangingfrom $2,000 to $7,000 a year in these countries, opposed to paying the same amount per month for the same work in USA.
Many project ‘India’, as the ‘next big thing’ in the Legal Industry. India with its huge resources pool and highly qualified professionals is an excellent location for outsourcing legal services. LPO services, which stand for ‘legal process outsourcing’ in India is taking the industry buy storm. The most obvious advantages to practicing outsourcing of legal activities in India are the availability of highly professionals’ lawyers and attorneys in India, willing to work as a minuscule cost compared to any lawyer or attorney in the west. A huge interest has been generated in the legal world to practice LPO in India.
India has been attracting lot of attention in the legal industry. Types of outsourcing like Litigation Support, Contract Management, and Intellectual Property Outsourcing along with Paralegal support, is practiced in India. You can bring your legal costs as down as 50% by outsourcing to India.
With money getting increasingly difficult to earn keep and manage hiring legal outsourcing attorneys seems practical. The attorneys help you in finding the best professionals at the lowest cost as possible. What does this translate into? Profit for your company and recognition for your outsourcing skills and abilities. LPO is a huge market all over the world and India is keen to cash in the opportunity. The government too is lending to the industry making the deal sweeter. A slew of Legal reforms are on cards. Moreover Indian Lawyers have obtained recognition as being on of the most qualified in the legal department.
Indian lawyers are among the most competent in the world and as more firms are realizing this, they are outsourcing to India. Legal business is in its prime in India, and this is the time and opportunity that many investors are keen to cash in. So come to India for your legal needs. You won’t regret it!
A number of U.K companies, including members of the Fortune 500 and some of the country's largest law firms, are now embracing the idea of outsourcing routine legal business to India, South Korea, Australia and other locales that offer far lower labour costs. Leading Magic Circle firm Clifford Chance has outsourced some of its routine legal business work, such as document processing, to Integreon, an Indian law firm. General Electric has set up a subsidiary in India that employs about 30 lawyers. Sensing an opportunity, a handful of companies have sprung up in recent years, both in the U.K. and abroad, that sell outsourced legal services.
LawScribe, Allen & Overy, Linklaters, Lovells, Clifford Chance, Eversheds and Underwoods are just a few of the law firms that have embraced Legal Outsourcing. The pressure to improve business development and lead generation, whilst associate wages and property costs continue to soar, means that interest in outsourcing and off-shoring amongst British law firms will only grow.
Legal Outsourcing usually comprises of paralegal and research support, contract drafting and revising, contract management, library services, patent, trademark and prosecution and litigation support.
In the current economic climate, corporate law departments are not alone in having their budgets progressively tightened. Whether through an innovative sourcing strategy or shared services, a variety of methodologies have emerged which enable the legal departments to control costs and improve efficiency. Legal Process Outsourcing is the most substantial out of them all.
In recent years the global spending on legal services has been estimated at over 170.75 billion British Pounds. With such demand for legal services, corporations and law firms need to handle large volumes of work, whilst keeping costs in check and maintaining profitability. This is where Legal Processing Outsourcing comes into the picture, where core legal functions are delegated to external counsels who complete the assigned task on the basis of set parameters and fixed timelines.
The entire legal profession has undergone a dramatic shift with the advent of law professionals focusing on legal outsourcing. LPO is not just a fad or a passing phase. The trend has shifted from domestic law firms, to an increasingly competitive global marketplace with massive scope and job opportunities. The clock is ticking fast and in time LPO will be a much sought after industry to work with.
For a comprehensive detail about legal outsourcing and the various corporations who are already off-shoring legal work, and also of the major law firms off-shoring a part of their business, visit www.legalimarketing.co.uk.
So much for calling Legal Outsourcing a passing craze! We believe it's here to stay.
Freshfields Managing Partner: "LPO Inevitable and Will Change Legal Market
The Financial Times released their Innovative Lawyers report rankings on Friday. This was the third year of the FT report examining change and innovation within the legal profession. It was particularly gratifying to read the lead article "Thought Leaders" by Reena SenGupta and Paul Solman. Issues that I've blogged about many times, that in my opinion are inextricably linked to each other, all featured, including the future of the global law firm, the U.K. Legal Services Act, the impact of globalization, LPO to India, and the traditional hierarchical law firm structure.
Last Chance to Register for Chicago Legal Outsourcing Conference:
This is my last reminder to readers that IQPC is hosting a two day Legal Process Outsourcing conference, at the Raddison O'Hare, Chicago, on October 21-22. Click here for an overview of the conference.Hear real life case studies relating to document review and intellectual property support, from Am Law 100 attorneys and Fortune 500 general counsel, who have taken the plunge and outsourced legal work to India. This event will gather some of the world's top LPO executives, in-house and outside counsel with practical LPO experience, to share ideas and insight on the legal profession and the pros and cons of legal outsourcing.Legal Process Outsourcing Blog readers can obtain a special discount to attend the LPO conference for only $999! Register by calling 1-800-882-8684 or clicking on the following link to view the detailed agenda and registering online. Either way, quote your Legal Process Outsourcing Blog discount registration code, MR999 to achieve the special offer discount.
Worrying Times Ahead for the U.K. and U.S. Legal Profession
he legal profession is currently in a state of flux. I have no desire to be a prophesier of doom, but I suspect extremely worrying times lie ahead for the profession as a whole, and specifically for law graduates on both sides of the Atlantic. The potential for currently choppy waters to be whipped up into a fully fledged storm was hammered home to me today when I read an article on thelawyer.com. Clifford Chance, the previously impermeable rock of cross-Atlantic legal giants, announced yesterday the laying off of 20 associates in the firm's NYC and Washington D.C. offices.
As legal process outsourcing is not a new concept, the industry has acknowledged a period of exceptional growth during the recent years as several hectic companies increasingly turn to external sources to fulfill their highly administrative functions of their business. As the company keeps advancing in their size and expertise the need to outsource has also increased. Today companies are looking to outsource business process along with back office functions, human resources and even call centers. According to its success these industries also turn to provide Legal process outsourcing services.
Therefore when considering outsourcing your legal business administrative functions your first preference should be LPO India, which is an emerging country in KPO and legal outsourcing services. There are several legal process outsourcing firms in India which can make it tough for you to choose the best service provider. If you need the best legal outsourcing firm in India then the key elements to choosing them are focusing on top quality providers, certification, implementation of robust processes, security and risk management practices and one that applies the right governance practice and suitable technologies. Make sure to also find out work performance as most of the Indian legal process outsourcing firms have robust software system which guarantee the highest levels of professional and client confidentiality delivery.
Additionally some of the common questions you should ask yourself when choosing the best legal process outsourcing firm are the amount of business you plan to outsource, is your supplier capable of fulfilling your needs or they need multi-shore to achieve the goals, will the supplier offer you guaranteed work quality, how established they are in your business sector and finally find out about their previous client testimonials.
In recent times, terror attacks have been happening all round the globe incessantly. Few years back, it was widely considered that the terror attack/terrorism is a third world phenomenon. However, with 9/11 all that has changed.
Terror got a new face after 9/11. The world today has come to understand that terror has no boundaries. The Indian parliament attack in 2001, Bali bombings of 2002, the Madrid train bombings in 2004, the Beslan massacre in Russia in 2004, the London bombings of 2005, the Mumbai train bombings of 2006, the Glasgow airport attack of 2007, are all testimony to one fact: that terrorism affects the entire world and is not limited to any one country or area.
Post 9/11, there has been a concerted effort from all the international leaders to act together in fighting terrorism. However, in spite of all the actions taken by the international community, terror continues to raise its head with impunity. The recent terror attacks in Mumbai prove that not much progress has been achieved in the fight against terrorism.
In fact, in the year 2008, there have been more than 20 confirmed terror attacks in India including the Mumbai attack. This trend has forced many people outside India to think that India is not a safe place to do business. In fact, many businesses that have been approached for outsourcing raise this concern as a reason for not utilizing outsourcing as a tool in their business strategy.
However, it is pertinent to note that these kinds of attacks have no influence on outsourcing at all!
A business in say California suppose outsource its accounting to India, suppose in Bangalore. Normally, the outsourcing vendors in India use the IBackup servers for the transfer and storage of the backup files. These servers are based in California and use 128bit encryption. A person having the login credentials to his/her account can access the account from any part of the world.
So, let’s suppose that at any point in time there is an unfortunate event of terror attack in India which destroys the office premises of the outsourcing vendor, the data is still safe.
All the outsourcing firms in India follow the principle of taking back ups of their work on a daily basis.
In fact, businesses in US who have been outsourcing to India or who want to outsource to India should insist on daily back up of their data.
There is another angle to this debate of terrorism impacting outsourcing. The attacks of 9/11 have shown as that terror is not limited to any one part of the world. It can strike even at the most secure places. Supposing there is an unfortunate event of terror attack in US which affects the office premises of a business. In such an event, will it not be better if someone has the data secure & safe somewhere, so that the day the business is ready with the redone infrastructure, the data also is available! This is something that is possible with outsourcing.
In fact, because of outsourcing, the technology has advanced to a level where data is no more needed to be converted into paper form. It is available in the virtual world! A terror attack may wipe out the physical data but it will never be able to touch the virtual data!
Besides, terror attacks are primarily done to scare people, to instill fear in the minds of people and to adversely affect the normal way of life. By stopping outsourcing just because of terror attacks would tantamount to bowing in front of the designs of the terror perpetrators.
It will therefore be in the better interest of the world and the business community if outsourcing is just looked at from a strategic point of view and not link with terror attacks.
Eastern Legal Outsourcing Ltd. in one such up-coming LPO unit in Kolkata.
It is the sister concern of Institute of Engineering and Management (IEM), the largest private Engineering college in Kolkata.
Eastern Legal Outsourcing (ELO) provides superior Legal & Paralegal Outsourcing services to the USA, European and Indian Lawyers, In-house Counsels, Corporations and Law Firms at a much reduced cost. The LPO team comprising of English-speaking attorneys and paralegals based in India are aimed to provide the clear competitive advantage over other law firms and corporations in terms of cost, quality and turnaround time.
The LPO team consists of experts not only in substantive practice areas, but also in operations management, quality control, and technology and information security. Eastern Legal Outsourcing applies multiple measures to safeguard data and ensure our clients’ interests are never compromised.
Eastern Legal Outsourcing boasts of a world class, in-house training program with extensive classroom and practical training in substantive skills, ethics, project management, quality control and business skills. To know further please mail to info@easternlegaloutsourcingltd.com
In an article about Total Attorneys we had a small part concerning Legal Outsourcing and the problems related to it. Legal Outsourcing and especially Foreign Legal Outsourcing as all the other outsourcing industries is experiencing a boost right now due to the world crisis, so let us take a deeper look into its working scheme and various things related to it.
A very important question is the question of quality. Europe and North America have great law schools and thousands of experienced attorneys. But if we take the most popular outsourcing countries like India, there are no guarantees that the local workers are qualified enough to do a good research work or paperwork. Without proper experience and education they could easily miss some important details that a Canadian lawyer would never miss. Of course some outsourcing companies already have years of experience and do everything to prevent their employees to steal or sell information, but the whole situation is still very shaky and just one big scandal could ruin the whole industry.
Is it okay to pass paperwork to people who might even not be familiar with the situation that the case is revolving around? In case of banking software for example a bad program can be fixed and it will cost only a small amount of money for client compensation. In case of poorly written law documents it will be a destroyed attorney reputation and that is very hard to fix or compensate. The law firms are often seduced by the business and money part if this working scheme and mostly forget the ethical issues. Also one of the biggest problems is the possible breach of security. Most of the attorneys work is connected with some personal things and private information. With documents worked on in India or somewhere else, the information or some part of it will become available for a third party company, which is in reality not responsible for anything. The worst thing that an employer can do is end his partnership with the outsourcing company.
Lots of attorneys also view Legal Outsourcing in a negative way from being a trend to being unacceptable working scheme for any company in the law field. The most important things for an attorney are name and reputation. When someone comes with a problem they require the wisdom, experience and knowledge of the exact person and most probably they won’t be satisfied that some parts of their case even such minor thing as paperwork is done on the other part of the globe. On the other hand any industry worldwide wants to spend less on production and it is normal to outsource the simplest parts of the working process. For many attorneys outsourcing is way to save first of all the money of their clients. But in such important field as law, where sometimes lives are on the line, any kind of outsourcing must be strategically planned. Still there are a large number of law firms that outsource and have no problems with it.
The meltdown of the economy world wide sent shocking signals to the head of states. The process of looking out for the causes of recession and measures to hold the recession began. The economists swung into action to dig the policies so as to find reasons for the recession. There have been allegations and counter allegations in ascertaining the reasons of recession. Similarly, the intellectuals started suggesting one after the other remedial measures.
The prominent result of the recession was crunch in the availability of funds with different organization and groups. This in turn, resulted into cutting of costs. Many giant companies also felt the heat. The social set up having abundance of job opportunities found themselves in dearth of the same. The government found itself trapped into a vicious circle. The sustainment of social system was the major issue to be formally dealt by the government. The capitalist government started becoming socialist. It started looking out for all those avenues whereby it could instill confidence amongst people and increase their buying power. Certain organizations required life support. The private organizations looked towards the state so as to help them survive these crises. The concept of outsourcing had born out of the formal business i.e. to increase the profit. Every organization looking for the optimization of the profit tries to reduce the cost and increase the receipts. The financial meltdown across the world gave a clear cut signal to the solicitor firms in USA and UK to cut down their costs so as to maintain their profitability while stressed to reduce the receipts.
Outsourcing was identified with BPOs but for last few years, knowledge process outsourcing has found its place. The prominent amongst them being legal process outsourcing. The financial meltdown in economy in developed nations has added a growing chip in the economy of developing nations. It will not be an irony if it is taken as a balancing exercise. More solicitor firms of US and UK have been attracted to outsource their legal and paralegal works to their counterparts in developing countries like India, Philippines. The concept of legal process outsourcing has got a boom in its stage of infancy. The amplitude of growth in LPO industry well explains this. Apart from the financial angle the readily available legal eagle boosted the growth of LPO. Recession is inversely proportional to the growth of legal process outsourcing. In view of decrease in spending power of people, the solicitors will look forward to provide same services at cheaper prices. This will in turn lead to passing off those services to LPOs. The legal process outsourcing is bound to grow by leaps and bounds. The magnetized attraction by LPOs has started attracting outsourcing of legal paralegal and back office support services. It really is a wonder that the industry is growing out of the meltdown of the financial economy of the world.
A survey conducted by the India office of the international non-governmental organisation, Transparency International, reveals that, according to people’s actual experiences, the health service is the most corrupt service sector in India. It ranks India as one of the 30 most corrupt countries in the world. Indifferent treatment of patients, unofficial payments to providers, lack of patient privacy, and inadequate provision of medicines and supplies are some of the most common demerits and malpractices prevailing in the health services in India.
The survey, conducted with private marketing research company ORG-Marg Research, interviewed some 5000 citizens in a household survey to assess the public’s perception of corruption. It covered 10 sectors with a direct bearing on people’s lives, including education, health, the police, the judiciary, and power utilities.
Too high medicinal cost accompanied by doctor’s consultation fees has made the proper medical treatment to become out of the reach of Indian common man, especially in the rural areas where neither licensed medical stores nor qualified doctors are available and malpractices of the Primary Health Centres, available generally in rural towns only, are well known and are practically forfeiting the veritable purpose of PHC’s there. As a result thereof, not only the market of non-qualitative and banned drugs and medicines is flourishing day by day, but the unqualified doctors also are emerging fast and plundering the poor mass. On account of insufficient availability of generic medicines (patent based medicines which are cheaply produced by another process) the patients are compelled to purchase high priced branded medicines.
An analysis of drug market in India by the ‘World Health Organisation’ (WHO) also reveals that Indian pharmaceutical companies are charging very high prices of medicines from patients. In India, the pharmaceutical companies are earning profits even up to ten times or more of the production cost in case of both branded and unbranded medicines. Not only is this, but the companies, by printing high retail price, are letting the sellers too to earn abnormal profits. Like the ratio between production cost and whole sale price, in many cases the retail price also is ten times or more of the whole sale price. The anti-allergic tablet named as ‘Citrazine’ of ‘Cipla Pharmaceuticals’ is an example. High retail prices of patented and generic medicines are making the general mass to resort to unauthentic and duplicate medicines produced by unlicensed pharmaceutical units. That is why the influence of unauthentic, unlicensed and duplicate medicine producing units in Indian drug market is day by day increasing whereby the people are being badly hit on account of low effectiveness and severe side-effects of the medicines produced by these companies. Many times the doctors too, having been affected by the commission based and gift based sale strategies of the companies producing duplicate medicines, prescribe these medicines without paying heed to the compositions and the bad effects on health on account of the use of these medicines. In some cases the sellers (chemists) let aside the prescription of doctor and sell these medicines especially to the illiterate or docile customers. Not only is this, but the manufacturing companies of these medicines also establish their links even to the government medicine purchasing authorities and seek supply orders. Not only the substandard medicines but even those harmful medicines are being produced and sold in bulks in the Indian market which stand banned at international level.
Medicines are very precious for human life and have become at present a good part of trade. Therefore, the government should take strong and effective steps to make the qualitative and cheap medicines easily available to the people. The government also should take proper measures against malpractices prevailing in the market of medicines and should instil awareness of medicine consumers against these malpractices. Such organisations should be encouraged which manufacture medicines according to the international standards but at low cost so as to make cheap medicines available in the market. The ‘Low Cost Standard Therapeutics (LOCOST)’ trust at Baroda is a good example of such an organisation. This trust is making cheap production in 90 formulations of about 60 necessary medicines to cater the need of poor and needy patients. Moreover, The launching of the ‘public use medicines easy availability programme’ by the Department of Pharmaceuticals of the central government through 100 public stores of generic drugs, planned to be opened up to December 2009, is worth appreciation.
To solve the problems like that of substandard medicines, harmful and banned medicines and unjustified profit margin a central drugs regulatory system has now become acutely and pressingly needed. The issue of permission as regards to the trading of imported medicines also will be settled by such regulatory system.
The government is encouraging and helping the establishment of small pharmaceutical units. Similar cooperation should be extended to the market extension of their products. The condition of minimum turnover should be relaxed in case of small units. In the present period of prevailing depression the small and medium pharmaceutical industries should be helped through stimulus package to protect them in big market. This type of measures will protect the poor and general medical consumers against their being plundered through high prices by providing them cheap medicines. Moreover, it will help making India a medicine hub.
Studies have shown that health care utilisation has been a long standing concern for most of the developing countries and is sensitive to user perceptions of quality. Patient perceptions of health services thence form an important part of health care quality assessment. Therefore, ways and means should be found out to give potentiality to important elements of making the health system adequately effective to make health services fully responsive to people’s needs and expectations.
____________________________________________________________
Living the American Dream Frank Islam
Sunday, 07.13.2008, 10:48pm (GMT-7)
VIRGINIA: Frank Islam is a name synonymous with the American Dream. A native of Aligarh, India, Islam was not exactly born with a silver spoon in his mouth.
But in 1994, when he bought QSS, a support services organization in information technology and aero space engineering, for a "small amount of money", he quickly established a growth of an unbelievable 55,000 percent, which made QSS the largest individual owned company in the United States of America.
After selling his company in Jan 2008, to former Presidential candidate Ross Perot for a whopping $300 million, Islam a proud alumnus of the Aligarh Muslim University, is busy with his new venture, FII Investments and a diagnostic imaging center he bought in Orlando with a 164-slice CT scan. To get an insight into the world of Frank Islam, India Post decided to talk to him in his lavish office in the upscale Tyson's Corner business area in Virginia.
IP: How would you describe yourself?
FI: There's an old proverb: 'I am like a wave; I exist only so long as I continue moving forward.' That sums it up - I am a man who likes to always move myself forward, whether through continuing to educate myself, by impacting the world around me through philanthropy, or as an entrepreneur, trying to push the envelope of achievement. I would describe my approach to any endeavor as one of "cautious pragmatism". It is important to me to choose things that will have an impact.
IP: What specific goals have you established for your occupation and life?
FI: In all things, my main goal is to be happy. I think that if you lose focus on what's really important - happiness - then what's the point? But understand that the pursuit of happiness is not always easy, but a choice that requires effort and, the recognition is not always in an ending, but often in the journey.
Specifically, I'd say that I always wanted to create a great company where people would be proud to work, and if it made money, even better. I also always wanted to help people who didn't have the same opportunities that I have. And I wanted to learn as much as I can about everything.
IP: What does it take to be successful in this career?
FI: I have tried to synthesize what it takes to be successful as an entrepreneur in the technology sector in a guidebook that I am preparing, called the "ICT Executives' Business Guidebook." In that, I talk about what kind of planning you need to do, how to go about marketing, and how to position yourself to customers.
At the core of all of it is just common sense - find the need in the market, develop a solution, and deliver it effectively and efficiently. Ultimately, it comes down to providing value to your customer. And of course, you make mistakes and learn from them. Generally, the same things are necessary to be successful in any career -- effort, perseverance and focus.
IP: How do you evaluate success?
FI: Everyone has a different definition of success. Success to me is achieving the goals I set for myself, enjoying what I do and learning from the experience. It's very much an individual phenomenon. I think the common denominator among successful people, though, is that they think in terms of "I can, I will, I am" as opposed to "would have, could have, should have, and won't."
IP: What's in the offing for the future?
FI: I plan on building the FI Investment Group to become a world class financial investment firm. We will be making direct investments, as well as forming debt, equity and hedge funds with like-minded investors, which will leverage my internally generated cash, as well as my experiences in business.
I plan on giving back to the world through my foundation and a charity as well as participating in many civic and community organizations. Hopefully, through all of these endeavors, I will have an opportunity to continue to learn, enjoy myself and make an impact. And most of all, I plan on having fun and enjoying life with my wife.
As a rule, law firms are generally well-run and fiscally-conscious enterprises. Always concerned with maximizing billable hours, and getting the most out of every employee from partner down to paralegal, they are "time equals money" personified. It should come as no surprise then that law firms in the 21st century are trying to outsource as much of their business and administrative needs as possible.
Here’s a look at the types of tasks that law firms around the country are currently outsourcing:
Court Reporting
Only the biggest of the big law firms maintain full-time court reporters on their payroll. For the other 99% of the legal population, it is much more cost effective to hire these skilled individuals as needed. Court reporting services make it easy for attorneys to bring in a reporter on short notice for depositions, motions or even full on trials. Court reporters can provide a variety of valuable services to a law firm including transcription of audio or video, translation services as more.
Paralegal
Once the mainstay of every law firm in the country, tough times have exiled many paralegals out of the full-time role and into the "on demand" world of outsourcing. Now, many firms will bring on paralegals only as needed, on a project by project basis for document indexing, filing papers with the court and of course, legal research. The paralegals can still be billed out to the client at a generous rate, but without having to pay them an annual salary.
Operator/Front Desk
These days, attorneys are so busy that they don’t even have time to get the phone throughout the course of the day. So it’s no wonder that they are willing to outsource their phone operations to a virtual office company. Unless a firm needs a physical presence at the front desk, the virtual office services make great sense – and cost much less than hiring a full time receptionist.
File Clerk
Another one-time staple of law firms, file clerks are now more commonly brought in occasionally throughout the year to maintain large filing systems and make sure everything is accessible and well-organized. Once, not having a file clerk at a law firm would have seemed impossible, but the advent of the "paperless" law firm have pushed the bulk of the correspondence online – making the flow of documents much easier to handle.
Other Attorneys
That’s right, lawyers are now saving money by outsourcing their own legal work. Why do they do it? When a clients comes in with a big case that is going to stretch resources to the limit, the firm can do one of two things – they can hire additional attorneys at a tremendous cost, or outsource chunks of the work to other lawyers on a piece-by-piece basis. With the former, there is no guarantee that the full-time attorney will be needed after the case is over, but in the latter, the firm is only paying for the work they need done.
For court reporters, plus a WHOLE lot more, visit www.courtreporternet.com CourtReporterNet.com is the one-stop source for all your Court Reporting, videography and Transcription needs. Powered by innovative technologies, and a professional customer support staff, CourtReporterNet.com is sure to meet your complete satisfaction. The court reporters of CourtReporterNet.com are currently available in New York, California, Florida, Chicago and more.