Draft n Craft Marks Its Fourth Year In to the Legal Process Outsourcing Industry

Draft and Craft Law Firm Pvt. Ltd, a cut-to-the-chase Legal Process Outsourcing (LPO) Company celebrated its 4th year of service to its clients on Monday, January 9, 2012. The company has proudly served a number of clients in the US and UK because of their reliability and exceptional services. Draft n Craft specializes in providing services like Deposition Summary, Contract Outsourcing, Legal Research, Legal Transcription, E-discovery and paralegal services.

Draft n Craft believes in making Global presence by sharing its knowledge and thoughts with the whole industry. It has been actively participating and partnering in international events such as the Global LPO Conferences and the Legaltech Conference.

Mr. Rakesh Sharma, the Managing Director and CEO of Draft n Craft, says "we are extremely glad of the hard work we have put in these four years, working united as a team to benefit our clients in the US and UK. We are pleased to have had the opportunity to help the law firms, corporates and solo practitioners in the legal and paralegal sector. We, at Draft n Craft have seen significant growth in each service area over these four years and they will continue to spread our wings across all continents in the years to come."

In the last four years, Draft n Craft has established itself as the complete solution vendor in India and also as the most agile group in the outsourcing sector.

Draft n Craft came in to play when there were just few names in the industry. While many LPOs came and vanished with no traces, Draft n Craft continued to do what it was best at delivering quality results. The industry is back to how it started in terms of the number of LPOs. It now consists of the big players who started of big and continue to stand where they were and some like Draft n Craft who have moved inch by inch to come to the position at which it is now.

A bittersweet journey with bumps on the road, Draft n Craft has managed to achieve its goals and its clear, Draft n Craft, is here to STAY!!

All about the Color YELLOW for the Attorneys & Law Firms

We all love celebrating our festivals with much hoopla. The colors, gaiety and joy look irresistible during the festival season.

Festivals are a way to give our mind and body a change from the otherwise mundane life. It seems impossible to not to get be-dazzled by the little joys which such festivals flag on.

At Draft and Craft Law Firm Pvt. Ltd. the festivity has kicked off really well and the “Festival Blast” is in full swing.

Last week, we colored the whole Draft n Craft GREEN. Huge discounts and offers were given on services like document review, deposition summarization, contract outsourcing solutions, legal transcription and paralegal services.

By giving plethora of discounts and bargains we thrived in making the attorneys and the law firms believe that the grass is greener on their side rather than on the other side. The Green week came to an end with a much Talkabout “Green-A-Thon”. We at Draft n Craft turned down the power on November 30, 2011 for thirty minutes to show our gratitude to none other than “the mighty Nature”.

Festivals are definitely a way to celebrate life and also, a way to get the brain to release more endorphins. Keeping this in mind, Draft n Craft announces one more week of happiness. The color of celebration this week is YELLOW. We are giving MORE discounts, MORE offers and MORE bargains on our services like document review, deposition summarization, contract outsourcing solutions, legal transcription and paralegal services. Not only this, continuing with the series of Webinars, this week it’s all about “Festival: Repercussions on Law Firms” on December 7, 2011.

Hence, DON’T THINK!!! Just avail the discounts before it’s too late and you wait restlessly for another year.

Green a Thon at Draft N Craft We have Done Our Bit Now Its Your Turn

‘The grass would be greener on your side’” is how Draft n Craft celebrated the Green Week.The firm went Green with the sole motto to offer something amazing to attorneys this festival season.

The festival blast has just not been restricted to good deals and offers. It is about celebrations while keeping the spirit of work alive.

Draft n Craft celebrated Green-A-Thon the whole of last week. Draft n Craft walked an extra mile to pay its gratitude to the mighty nature by turning off the power for 30 minutes. The employees at Draft n Craft even planted trees to celebrate the green-a-thon week.

Festival Blast is here to help attorneys live their festivities to the fullest. Draft n Craft is taking care of the attorney workload and giving special offers without compromising on the quality of the work. Each week is dedicated to a color and the next color to be celebrated is YELLOW, the color of success.

Upcoming Webinar: “Festivity: A Boon or a Bane for Productivity?”

If you are a Law Firm, Solo Practitioner or an In House Council thinking ‘what it takes to increase the productivity and efficiency of your firm even during the festival season?’ Here's the golden chance for all of those who want to explore it further. Draft n Craft is hosting a free webinar “Festivity: A Boon or Bane for Productivity?” on Thursday November 17th 2011 at 11:00 AM Eastern Time.

This webinar will give you a lot of tips that will help you to achieve the maximum output with regard to productivity and efficiency. So don't just wait, as progress is a process and we will take you through that process in this webinar. Register ASAP!

Click here to get registered. Registrations open for first 100 registrants only.


About Draft n Craft

Established in 2008, Draft n Craft is a cut to the chase Legal Process Outsourcing Company with strong and dedicated work force of professionals. Having established a brilliant track record, Draft n Craft has been partners of growth to many of the law firms and corporations in the UK and US. Draft n Craft’s supreme focus has always been on helping lawyers deliver the best value to their clients by working on process and technology optimization, and by devising ways to rationalize client’s operational spending.

A Festival Blast for attorneys

To begin the festive season, Draft n Craft announces the Festival Blast – with special offers on all its services throughout the festive season from October 25, 2011 to January 15, 2012.

This festival offer comes at a time when most attorneys in the United Kingdom and United States are getting ready for the festive season to kick off. This time of the year comes with a package deal of excess workload and backlogs. With the limited number of working days and less staff, it is a tedious task for the attorneys to keep things organized.

A legal process outsourcing company established in 2008, Draft n Craft has been always given its bit to the legal industry. “After having received appreciation by many attorneys for the help provided by us during the festival period last year, we felt the need to continue with the tradition we started and go all out to join hands with attorneys to help them enjoy to the fullest the festive season without having to worry about the work”, said Rakesh K Sharma, Chief Executive Officer of Draft n Craft. The festival offer will be full of special offers and discounted pricing on all the services being offered by Draft n Craft. It is estimated that on particular days the offers will be unimaginable.

By offering high quality legal and paralegal services to law firms and corporates in US and UK, LPO companies in India have stood by the law firms to ease the burden of monotonous and repetitive work. Be it services like Document Review, preparing Deposition Summaries, reviewing contracts, Legal Transcription or even paralegal services, LPO companies such as Draft n Craft have joined shoulders with their clients by working efficiently and cost effectively. Infact, Draft n Craft is going a step further by offering special discounts during the festival season to enjoy the festivity to its peak.

About Draft n Craft

Established in 2008, Draft n Craft is a cut to the chase Legal Process Outsourcing Company with strong and dedicated work force of professionals. Having established a brilliant track record, Draft n Craft has been partners of growth to many of the law firms and corporations in the UK and US. Draft n Craft’s supreme focus has always been on helping lawyers deliver the best value to their clients by working on process and technology optimization, and by devising ways to rationalize client’s operational spending.

Legal Transcription Fest at Draft n Craft

"Success is a journey, not a destination", so, is the spirit behind Draft n Craft's journey in the last two years. Draft n Craft, a leading LPO in New Delhi, India, celebrates a week dedicated to one of its many services, Legal Transcription.

Draft n Craft dedicates this week to its Legal Transcription Team, whose efforts have helped achieve this landmark. As the popular saying goes, "All work and no play makes Jack a dull boy", Draft n Craft promises its employees this week to be full of fun filled activities along with work, to mark its success in this field.

"It is a proud moment for us at Draft n Craft as we celebrate our 2nd anniversary for excellence in legal transcription. We started with a team of 4 and two years down the line we are more than ten fold and still growing. We are celebrating this milestone with a week long festivity from the 11th - 15th October 2010." said, Rakesh K Sharma, Draft n Craft's Chief Executive.

Legal Transcription is a common service and its value is realized only by a few. Deven, Head of the Legal Transcription Department at Draft n Craft, said: "At Draft n Craft we understand the importance of legal documents and therefore ensure transcription is done at its best, to provide efficient functioning for law firms and other law professionals. It goes without saying that we not only provide multiple levels of quality check but also editors and legal experts to ensure highest standards of quality."

About Draft n Craft

Established in 2008, Draft n Craft is a cut to the chase Legal Process Outsourcing Company with strong and dedicated work force of professionals. Having established a brilliant track record, Draft n Craft has been partners of growth to many of the law firms and corporations in the UK and US. Draft n Craft's supreme focus has always been on helping lawyers deliver the best value to their clients by working on process and technology optimization, and by devising ways to rationalize client's operational spending.

For more information, email at info ( @ ) draftncraft dot com

www.draftncraft.com

IS LEGAL PROCESS OFFSHORING AN EXPORT OF SERVICES?

The cross borders issues generally prevail in the development of countries. This reminds me of an elderly man’s saying “The man on latch of a door control the flow of air from outside to inside & vice versa”. The import & export of goods is decided by different factors like the availability, demand and need. Country intends to export the goods looking into the fact of the ability to produce those goods & get them consumed in other International markets. The motive of export is to earn foreign exchange.

In case of offshoring the services cross border the organisation do not directly earn. However, the cost of those services in-house looks expensive which encourages its outsourcing. Offshoring can be a symbolic way of export when we consider the savings as also forming part of earning. In this services are off-shored to get the same being delivered at low prices. I am not trying to show the offshoring of jobs but the offshoring of services which technocrat offers to one’s clients.

A very simple hypothetical situation can be used to understand the balance of exchequer between two countries. Country ‘A’ exports various high profile and expensive goods to country ‘B’. In terms country ‘A’ needs to settle the balance of payment with country ‘B’ but the same always remain tilted towards country ‘A’. Country ‘B’ has got an excellent pool of people who can deliver good number of services to country ‘A’. This can be the best way to make up balance of payments as far as country ‘A’ & country ‘B’ are concern. Logically the export of goods from country ‘A’ to country ‘B’ can be matched up by export of services by country ‘B’ to country ‘A’.

Is it the way to conclude that export of services is also near to export of goods.

CAN I OFFSHORE WITHOUT REDUCING MY BILLING.

Legal Process Outsourcing (LPO) got the boom due to the cost cutting. There could be different possibilities of sharing the benefits arising out of LPO viz:-

a) The benefit completely passes to the person directly offshoring the services.
b) Sharing the benefits between the person offshoring the services & whose work is being offshore.
c) Intelligent offshoring:

The offshoring industry has been passing through turbulent times as far as Legal Process Outsourcing (LPO) is concerned. As far as offshoring of calling is concerned, there were no hindrances in its growth. The Business Process Outsourcing (BPO) could grow as the benefit of cost cutting passed only to the organization directly outsourcing the same. There were no constraints on the organization except the primary concerns.

As we talk about Knowledge Process Outsourcing (KPO), its growth was not many folds yet it grew. The reason of outsourcing had been the benefit of cost but constraint came from various angles like lack of growth in the said industry, difficulty in transferring & sharing knowledge based activities. The only part of the KPO industry which could develop consisted of IT offshoring which included developing, maintaining & repairing the software & hardware systems. In a way the growth of IT offshoring catalyzed the birth & growth of Legal Process Outsourcing (LPO).

It can well be understood that the offshoring of Legal & Paralegal services consists of:-

I Offshoring Paralegal Services including Legal Transcription, Filling of Forms etc.
II Offshoring Secretarial Services including maintaining relations with clients, writing letters to them, raising bills etc.
II Offshoring Projects of services like document review etc.
IV Offshoring provisional working of attorneys.
V Offshoring the monotonous part of core Legal working.

All the time the main cause of concern for the law firms & attorneys have been that the offshoring in a way reduces their own billing. The most frequent Question asked to me by attorneys & partners of the law firms from UK & US have been, “CAN I OFFSHORE WITHOUT EFFECTING MY BILLING?” My answer had been “YES.”

Draft n Craft launches AptCaptive™: Level 2.0 of Legal Process Outsourcing

So much is talked about Legal Process Outsourcing (LPO) that we barely find any law-firm and corporation incognizant to the concept and its benefits. Despite this, there is reluctance towards outsourcing in general and offshore outsourcing in particular.

Traditionally, there are two popular modules of outsourcing the legal processes: first through Third Party Service Providers/Vendors (TPSP’s) and/or second by owning one’s Captive Unit in offshore locations. Though both are popular but one cannot rule out the risks and impediments associated with either.

 Perceptions on outsourcing legal work to vendors (TPSP’s)

Perceptions favoring:

1. No huge capital investments required.
2. Customized solutions.
3. Competitive pricing.
4. Flexibility to scale up and down business relationship.
5. Retains decision-making, therefore relationship with TPSP is clear (fee-based, quality-based).
6. As it is a contract based mutual agreement thereby there is more business commitment.
7. Ability to focus on core business issues.
8. No compromise in quality at cost effective rates.
9. Better process maturity, resource flexibility and economies of scale.
10. Flexibility in deploying new technology.
11. No requirement to hire additional personnel.
12. No legal or statutory compliance issues to set up a new unit.

Perceptions discouraging:
1. Risk of Confidentiality being at stake.
2. Risk of possible drop in quality standards.
3. Absence of processes to monitor metrics and possible timely intervention when issues are escalated.
4. Tight business margins.

 Perceptions on owning a Captive unitPerceptions favoring:

1. Maintenance of in-house confidentiality & quality.
2. Management and retention of control over risk profile, especially for critical business areas.
3. Development for global delivery models with centralized and standardized processes.
4. All investments made on people and infrastructure is completely retained.
5. Better control over processes, time lines & enhanced quality of operations.
6. Alignment of offshore initiatives with their culture & values.
7. Creation of robust technology infrastructure for greater efficiency and scalability of operations.

Perceptions discouraging:

1. Huge Capital Investments.
2. Recurring Costs.
3. Hassles of incorporating the captive unit offshore like India.
4. Exit impossible without incurring high costs.
5. Compulsion to keep absolute control over processes.
6. Legal Requirements to set-up captive unit, say in India:
i. Incorporation of the Company as a legal entity.
ii. Local registrations.
iii. Bank Accounts.
iv. Appointment of Company Secretaries & Auditors.
v RBI/Government Approvals.
vi. Ensuring legal and statutory compliances.
vii. Local taxation issues.
7. Human Resources requirements of captive center
i. Staffing .
ii. Training & Talent management.
iii. Hiring of Core Team.
iv. Employee retention.
8. Facilities & Infrastructure
i. Vendor Management & Negotiations.
ii. Hardware & Software Procurement Systems.
iii. Communications & Network Integrations.
iv. Acquisition and operationalizing of facilities.

With the aim to revolutionize the LPO paradigm, Draft n Craft has devised the “apt solution” destined to enrich legal outsourcing experience throughout the industry.

“The AptCaptive™ is an advanced Legal Off shoring model tailored and run as per client’s requirements by Draft n Craft, retaining all in-house benefits at reduced costs.”

For a long time, a desire was felt throughout the industry to transcend to new levels of Legal Process Outsourcing. Without doubt the AptCaptive™ is at present the lex epitome of the legal outsourcing industry. The module however is so ambitious that, in its initial stages Draft n Craft will be offering this to only a limited selected group of companies and law firms.

For any trade enquiries, contact info@draftncraft.com.