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KSB Partners' LPO targets 150% growth in 3 months

KSB Partners' legal process outsourcing (LPO) arm Lexplosion is set to more than double its capacity of lawyers within three months, as it aims to roll out a new compliance management product for Indian companies.

Lexplosion director Indranil Choudhury (pictured) said: "We are planning to get into some new lines of legal services, which will require us to hire and additional 20 to 25 lawyers within the quarter."

The company currently employs 17 lawyers in its Kolkata headquarters.

It is looking to roll out a new software-based compliance service, which will enable it to offer more commoditised advice for companies having to deal with the differing compliance requirements in different states across India.

Choudhury explained: "Our core focus today is on the large Indian corporations. We recognise how important compliance is for them and we help them with contracts and compliance companies.

"Our target really is to get into a product service, where we can go and target medium sized companies as well, which do not require the level of customisation we currently do for our larger clients."

Several international firms such as Allen & Overy have placed international compliance work as a core growth area where they hope to sell legal services to international clients.

Several of KSB Partners' co-founding partners, including Choudhury, were formerly in-house lawyers at various Indian GE group companies.

Choudhury said that compliance work was usually handled by companies' in-house departments and was not traditionally an area that Indian law firms were active in.

He added: "I have been an in-house counsel and this has been a pain area for all of us. In-house teams are very stressed because of all the transactional work that they do and inevitably after some time [compliance] falls through the cracks and things start getting missed."

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