In addition to mortgage, accounting and insurance outsourcing, Viteb also specializes in providing outsourcing services in the legal and finance areas. With a large pool of qualified, English-knowing individuals available in India, Viteb can arrange for outsourced services in these areas at a fraction of the cost compared to what would otherwise cost in the country of origin.
Along with the other forms of outsourcing, legal process outsourcing (LPO) has gained a tremendous ground in the past few years, particularly for the law firms and corporate in-house legal departments in the US and UK. The biggest advantage of LPO is the cost saving. An attorney in the US would perhaps cost $150-350 per hour while a lawyer from India may charge a fraction of this. Another advantage is the lesser turnaround time.
India has a large workforce of employable law graduates and higher legal degree holders. Viteb can arrange for this resource to carry out legal outsourcing work related to document review, legal research and writing, drafting of pleadings and briefs as well as patent related work.
Financial services outsourcing is another area where Viteb can help. The finance industry encompasses a broad range of services related to the management of money. This includes essential banking services like maintaining accounts, issuance of debit and credit cards, automatic bills paying, electronic fund transfers, personal and commercial loans, investment banking, foreign exchange and many other services. Finance outsourcing can also entail services related to insurance underwriting and brokerage, venture capital and equity market services.