Pangea3 is a legal
outsourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...
services provider with headquarters in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
,
Noida
Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...
,
Bangalore
Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...
and
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms. Pangea3 has been recognized as a leading legal outsourcing services company repeatedly since 2007, was voted best LPO in the New York Law Journal Reader Rankings from 2011 through 2013 and awarded LPO of the Year by India Business Law Journal from 2009 through 2013.
Pangea3 was founded in 2004 by former Monster.com General Counsel,
David Perla, and former OfficeTiger CFO and General Counsel, Sanjay Kamlani. Pangea3's legal outsourcing services are managed and run primarily by U.S., U.K. and Indian attorneys. Pangea3 provides its legal outsourcing services from its India based offices and their Dallas, TX office.
In 2005, Pangea3 opened its first office in Mumbai with 35 employees. It has since grown to 1,000 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India. In 2006, Pangea3 received $4 million in Series B funding from the venture capital firm The GlenRock Group. A year later, it closed a $7 million Series C round of funding with venture capital firm Sequoia Capital India.
In early 2008, Pangea3 opened a facility at Andheri, in Mumbai, India. Created primarily to house its expanded legal services departments, the facility expanded Pangea3's capacity to 475 worldwide. In 2010, they became part of
Thomson Reuters
Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre.
Thomson Reuters was created by the Thomson Corpora ...
, a provider of information to legal and business professionals. In April 2019, Pangea3 was acquired by
Ernst & Young
Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...
.
In February 2020, Ernst & Young laid off many of the US-based Pangea3 attorneys who had been hired by Ernst & Young as part of the acquisition from Thomson Reuters.
Strategic Alliances
In 2008, Pangea3 announced that it is a member of the General Counsel Roundtable's Preferred Vendor Pricing Program. Pangea3 is the first and only legal outsourcing services provider participating in this program. The General Counsel Roundtable's Preferred Vendor Pricing Program gives its members exclusive discounts on legal services from leading legal services providers. Other participating legal services companies include Serengeti, Lumen Legal and Black Letter Discovery.
Recently on 19 November 2010, Pangea3 has been acquired by the financial news and business information provider, Thomson Reuters. The total deal was valued at $100 million.
See also
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Legal outsourcing
Legal outsourcing, also known as legal process outsourcing (LPO), refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company (LPO provider). When the LPO provider ...
*
Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, cop ...
*
Patent
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...
*
Outsource
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...
*
Business process outsourcing in India
Business process outsourcing to India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations (MNCs).
As of 2012, around 2.8 million people w ...
*
Outsourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...
*
Offshoring
Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state gover ...
*
Patent Attorney
A patent attorney is an attorney who has the specialized qualifications necessary for representing clients in obtaining patents and acting in all matters and procedures relating to patent law and practice, such as filing patent applications and op ...
References
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Companies based in Mumbai
Outsourcing companies
Companies established in 2005
2005 establishments in Maharashtra
Indian companies established in 2005