Sri Lanka’s apex investment promotion body, the Board of Investment (BoI), has approved its first legal process outsourcing (LPO) company, a media statement said.
The BoI said Ironwood Legal Solutions (Pvt.) Limited, a fully-owned subsidiary of Dubai-based Eagle Proprietary Investments, entered into an agreement with it to set up an LPO business. The deal was facilitated by Candor Group, another subsidiary of Eagle Proprietary Investments.
Candor Group Director/Chief Executive Officer and former Copal Amba Managing Director Ravi Abeysuriya said Sri Lanka was fast emerging as one of the world’s leading information technology-business process outsourcing (IT-BPO) destinations, particularly in the knowledge process outsourcing (KPO) space.
“Sri Lanka offers world-class talent that is highly adaptable, English speaking and with strong work ethics.
Sri Lankans are known to be friendly, highly productive and creative and adapt very fast to different cultures and environments,” he said.
The LPO industry has historically been dominant in countries such as India, the Philippines, Latin America and parts of Eastern Europe and the LPO industry is expected to grow by US $ 2.42 billion globally by 2015.
Ironwood Legal Solutions is expected to utilize LLB qualified attorneys-at-law in Sri Lanka to provide e-discovery and litigation support services to law firms and legal departments of the US and UK-based Fortune 500 companies.
The company has been launched with an anchor client in the US and the Sri Lankan lawyers joining will be trained by US attorneys.
Optimistic about Sri Lanka’s increasing popularity of being an excellent knowledge hub in the region, Ironwood Legal aspires to become the largest LPO in Sri Lanka.
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