Pangea3
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
|name = Pangea3
|logo = Pangea logo.PNG
|logo_size = 150px
|type = Subsidiary
|foundation = New York City, U.S., Mumbai, India (2004)
|location_city = New York City, Mumbai
|industry = Legal outsourcing services
Legal services
Intellectual Property Services
|parent = Ernst & Young
|homepage = [http://www.pangea3.com www.pangea3.com]}}
Pangea3 is a legal outsourcing services provider with headquarters in New York City, Noida, Bangalore and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corporations and attorneys in international law firms.{{cite web |title=Official website|url=http://www.pangea3.com}} Pangea3 has been recognized as a leading legal outsourcing services company repeatedly since 2007, was voted best LPO in the New York Law Journal Reader Rankings from 2011 through 2013 and awarded LPO of the Year by India Business Law Journal from 2009 through 2013.{{Cite web|url=http://www.sourcingnotes.com/content/view/71/54/|title=Offshoring Legal Services to India}}
Pangea3 was founded in 2004 by former Monster.com General Counsel, David Perla, and former OfficeTiger CFO and General Counsel, Sanjay Kamlani. Pangea3's legal outsourcing services are managed and run primarily by U.S., U.K. and Indian attorneys. Pangea3 provides its legal outsourcing services from its India based offices and their Dallas, TX office.
In 2005, Pangea3 opened its first office in Mumbai with 35 employees. It has since grown to 1,000 U.S., U.K. and Indian attorneys, engineers, scientists and professionals providing global legal outsourcing services in seven offices across the United States and India. In 2006, Pangea3 received $4 million in Series B funding from the venture capital firm The GlenRock Group. A year later, it closed a $7 million Series C round of funding with venture capital firm Sequoia Capital India.
In early 2008, Pangea3 opened a facility at Andheri, in Mumbai, India. Created primarily to house its expanded legal services departments, the facility expanded Pangea3's capacity to 475 worldwide. In 2010, they became part of Thomson Reuters, a provider of information to legal and business professionals. The total deal was valued at $100 million.{{cite news |url=http://articles.economictimes.indiatimes.com/2010-11-25/news/27606754_1_pe-firms-lpo-firm-sequoia-capital-india |archive-url=https://web.archive.org/web/20130523185630/http://articles.economictimes.indiatimes.com/2010-11-25/news/27606754_1_pe-firms-lpo-firm-sequoia-capital-india |url-status=dead |archive-date=23 May 2013 | work=The Times Of India | title=Sequoia nets big money in Pangea3 sale to Reuters | date=25 November 2010}}
On June 1, 2019, Pangea3 was acquired by Ernst & Young. In February 2020, Ernst & Young laid off many of the US-based Pangea3 attorneys who had been hired by Ernst & Young as part of the acquisition from Thomson Reuters.{{Cite web|url=https://www.lawsitesblog.com/2020/02/ey-lays-off-some-u-s-lawyers-who-came-through-pangea3-acquisition.html|title=EY Lays Off Some U.S. Lawyers Who Came through Pangea3 Acquisition|date=8 February 2020|website=LawSites}} The Ernst & Young website redirects the pangea3.com url and no longer makes any reference to Pangea3.{{cite web |url=http://www.pangea3.com/ |title=Legal operations |accessdate=19 September 2024}}
Strategic alliances
In 2008, Pangea3 announced that it is a member of the General Counsel Roundtable's Preferred Vendor Pricing Program.{{cite web |title= Pangea3 Joins GCR's Vendor Preferred Pricing Program|url=https://www.gcr.executiveboard.com/Public/Default.aspx}} Pangea3 is the first and only legal outsourcing services provider participating in this program. The General Counsel Roundtable's Preferred Vendor Pricing Program gives its members exclusive discounts on legal services from leading legal services providers.{{cite news |title=Pangea3 Joins the General Counsel Roundtable Preferred Vendor Pricing Program|url=https://www.reuters.com/article/pressRelease/idUS99021+01-Apr-2008+PRN20080401 |archive-url=https://archive.today/20120910081934/http://www.reuters.com/article/pressRelease/idUS99021+01-Apr-2008+PRN20080401 |url-status=dead |archive-date=2012-09-10 | work=Reuters | date=2008-04-01}} Other participating legal services companies include Serengeti,{{Cite web|url=https://legal.thomsonreuters.com/en/products/legal-tracker|title=Legal Tracker - Legal Operations Software|website=legal.thomsonreuters.com}} Lumen Legal{{cite news |title= Lumen Legal Joins the General Counsel Roundtable Preferred Vendor Pricing Program |url=https://www.reuters.com/article/pressRelease/idUS216624+25-Jan-2008+BW20080125 |archive-url=https://web.archive.org/web/20080306232331/http://www.reuters.com/article/pressRelease/idUS216624+25-Jan-2008+BW20080125 |url-status=dead |archive-date=2008-03-06 | work=Reuters | date=2008-01-25}} and Black Letter Discovery.{{cite news |title=Black Letter Discovery Joins the General Counsel Roundtable's Vendor Preferred Pricing|url=https://www.reuters.com/article/pressRelease/idUS216624+25-Jan-2008+BW20080125 |archive-url=https://web.archive.org/web/20080306232331/http://www.reuters.com/article/pressRelease/idUS216624+25-Jan-2008+BW20080125 |url-status=dead |archive-date=2008-03-06 | work=Reuters | date=2008-01-25}}
See also
References
{{reflist}}
Category:Companies based in Mumbai
Category:Outsourcing companies
Category:Business services companies established in 2005
Category:2005 establishments in Maharashtra
Category:Indian companies established in 2005
Category:2010 mergers and acquisitions
Category:2019 mergers and acquisitions