Legasis Support Services: Winning Clients' Confidence with the Right Fusion of IT & Law Date:   Tuesday , November 24, 2015 Governance, Risk and Compliance (GRC) is currently an oft repeated word in the corporate sector internationally. Legal and Regulatory compliance has become increasingly dynamic and complex in India too, as it is in the rest of the developed world. Given the increasing cost of compliance, multinational companies are seeking economical and effective legal solutions and appropriate vendor/supplier options to deal with regulatory pressures on compliance. In today\'s hyper-digital world, legal support services, which is a cross border service offering embracing IT and high end legal knowledge, can potentially enable the assistance needed by corporates worldwide in dealing with the ever evolving complex GRC requirements. Legasis Services, a high-end IT enabled Legal Support Services Firm, has been leveraging this opportunity with the right blend of profound knowledge in IT & law. The company made rapid strides in the Compliance solutions market with a lowbrow and grounds-up solutions based approach, where the best possible tailor made solution for adherence to laws and regulations is provided to a client by handholding their executives and stakeholders throughout the process. \"We are confident; be it a legal interpretation issue or a technology challenger. We help our clients to proactively comply with other statutory and regulatory compliances rather than reacting to a non-compliance events,\" says Suhas Tuljapurkar, Founder & Promoter, Legasis Services. As a cherry on top, the company sticks out its neck in case of loss/penalty to a client due to non-compliance, through an innovative financial cover. There can\'t be any better conviction of its quality of solutions, than this in the GRC arena. Benchmarking Quality to Global Standards Despite continual changes in laws and regulations, Legasis endows its clients with confidence and clarity by updating them on a real-time basis with necessary technology tools and information, often even before the law is enacted. Unlike most other solutioning firms that merely escalate the non-compliances post the event, Legasis enables its clients to comply proactively with its technology based solution, which proactively monitors and alerts the appropriate people before the statutory deadline. The company ensures the bespoke nature of a client\'s compliance solution by thoroughly researching the applicable laws from databases all around the world, with a keen eye on quality of research and due diligence. Every assignment is synchronously given to a Legasis lawyer and a reputed local law firm in the pertinent jurisdiction and the results are cross validated to set quality benchmarks to global standards. Likewise, for intellectual property services, Legasis lawyers perform meticulous primary research, which gets revalidated by a an international lawyer within strictly defined time lines thereby reducing the cost of the services. The Journey that led to the current legacy of Legasis Tuljapurkar realized a huge gap between client\'s requirement and law firm\'s capabilities to meet them, while working as an in-house counsel at a large corporate. Realising that there was a business opportunity to bridge the gap with proper applicability and reusability of knowledge resources using IT processes, he started Legasis in 2007. After due research and iteration in understanding diverse delivery models, Legasis fine-tuned 39 outsource-able legal processes and setup a global delivery center in 2008. Realizing the importance of technology in delivering solutions in a digital world, Suhas predicted the need to have a business model that leveraged the rapidly evolving market. Legasis, therefore carved a niche by pioneering a self-developed IT solutions based approach a year later. Thanks to its excellence in service and commitment towards living up to client\'s trust, the firm has been growing at a rapid pace of over 50 percent year-on-year. Currently, the firm is servicing over 400 companies including reputed business groups such as Tata and Godrej. Legasis closed the last fiscal year profitably with revenues over Rs.300 million. The uniqueness of the solutions offering has been such that the company has walked away with orders, even while it was competing against world majors. In fact, it recently won a global mandate despite being pitted against all the global players such as RSA Archer, Metric stream and others. Instilling a Winner Mindset Legasis religiously follows the philosophy of peak, where every employee (who understand the business at a global level) gets to grow by laying immense emphasis on accountability to client, performance efficiency and knowledge application. The company ensures that their knowledge level is always kept high through a host of training activities such as on-site trainings, exchange programs with other law firms, weekly speeches from internal experts and periodical trainings from external faculties. It also encourages them to spread legal knowledge via internal portals, where employees are encouraged to upload and discuss about their articles, legal updates and notifications. Clients are also invited to participate in surveys and discussion forums. The company also invites eminent personalities from diverse backgrounds to share their knowledge to instil a winners mindset, since Legasis believes that knowledge and its applicability is as vital as practice and discipline. The company that has almost 95 employees on board, besides 45 employees with its partner synergic law firm, plans to be a 300 people strong entityin the next three years. Already having offices in Hyderabad, New Delhi, Bombay and Pune, Legasis aims to integrate Bangalore, Ahmedabad and Luxemburg to its portfolio soon. It also foresees growing inorganically as an important component of growth. Impressed by its grass root level value proposition on IT & Law, several global companies have expressed interest in establishing a partnership with the company. Having recently tied up with Thomas Reuters, Legasis anticipates more such partnerships, so it can leverage their global network to increase its reach, address global markets, build its businesses more rapidly and prove India\'s prominence globally for legal support services. Panel Key Management: Suhas Tuljapurkar - Founder, Promoter and non- executive Director Proud to be an Indian Lawyer with IT blend, Suhas is also the Managing Partner of Legasis Partners. He has developed over 39 IT enabled Legal Processes to support In-House Legal Function, IT Platforms for managing Compliances, Litigation, Intellectual Properties, Virtual Data Rooms, Audits and Contracts. Offerings: Legal Due Diligence, Legal and Regulatory Compliance Management Solutions, Intellectual Property Registrations, Corporate Legal Support, Contract Management, E-discovery, Real Estate Due Diligence & Documentation, and Company formation. Offices: Mumbai (Headquarters), Pune (Delivery Centre),Hyderabad and New Delhi. Certifications: ISO 9001:2000 & ISO 27001:2005 Clients: Catering to over 400 companies including Ananya Enterprises, Godrej, Reliance, GSK, Mylan, Volkswagen, HCL, ISB, HDFC and several companies under Tata Group