Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TDS :: empanelment :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd
 
 
« News Headlines »
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax
 Income tax returns (ITR) filing: Why small service providers need to get this benefit

Now, law firms hiring engineering grads
November, 27th 2007

Few years ago it would have been unheard of. But thanks to outsourcing, engineering graduates have yet another interesting career option to explore working in a law firm.

Some legal process outsourcing (LPO) firms in India have been recruiting engineers in recent times, primarily to work in the area of patents and intellectual property rights (IPR).

Patents are for technological innovations and unless one understands technology, it is not possible to produce a quality work product, says Mr Ajay Agrawal, Chief Solutions Officer, UnitedLex Corporation.

Tech innovation

The company has a team of experienced and fresh engineers who analyse new technologies and are also involved in writing patents, often considered a lawyers job.

In the US, IP work has always been performed by patent attorneys who have engineering/scientific backgrounds, says Mr Agrawal.

Consequently, engineers are billed 25 per cent higher than lawyers, he says without disclosing billing rates.

Clients demand

Mr Sanjay Kalmani, Co-Founder and Co-Chief Executive Officer, Pangea3, says he hires engineers partly because clients want it so. In the US, a legal firm usually outsources any patent related work to a firm of engineers. Our clients do not want us to further outsource their work, explains Mr Kalmani.

Pangea3 employs 70 engineers, most of who are IIT and NIT graduates. They do technological research in areas such as electronics, computers (hardware and software), telecommunications, biotechnology, pharmaceuticals, industrial chemicals and mechanical engineering. This eventually decides if a clients idea is patentable or not. Engineers also evaluate existing IP portfolios and determine their worth. Together with lawyers they decide how best to make money out of it, says Mr Kalmani.

Pay packet

The average annual pay packet for freshers joining LPOs is Rs 4-7 lakh while experienced professionals may get over Rs 10 lakh, say industry players.

The career path for engineers in LPOs is similar to that of lawyers. One moves from patent engineers to domain specialists and later takes up managerial roles.

According to Nassscom, the current addressable market potential for legal services outsourced from the US is $3-4 billion (about Rs 16,000 crore).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions