Mindcrest wins FROST AND SULLIVAN'S 2007 Market Growth Strategy Award for LPO

CHICAGO, IL –Frost & Sullivan has awarded the prestigious 2007 Market Growth Strategy Award for LPO services to Chicago-based Mindcrest, a leading company providing legal services to Fortune 500 corporations and international law firms around the world. Frost & Sullivan’s teams of industry experts recognize the diligence and innovation required to implement a successful business plan and excel in the increasingly competitive global marketplace.

“ We are thrilled to be receiving this award and be in the same company as so many other leading companies with this distinction,” according to Mr. Rohan Dalal, Managing Director for Mindcrest in India. “Mindcrest’s intellect, passion for excellence and work ethic of our employees is responsible for any recognition that Mindcrest gets.”

The methodology for determining award recipients is uniform. Using interviews with all market participants and extensive secondary research of proprietary data, Frost & Sullivan analysts track competitor revenue and market share within the industry. The competitors are then compared and ranked. Specific criteria are used to ascertain the final competitor ranking in each industry. Additionally, factors such as feasibility of product launch, likelihood of customer acceptance and acceptance rates, and estimated time to market are taken into consideration.

The company is a pioneer in providing offshore legal services, and is expanding its presence in India to meet rapidly growing demand for its expert services. The Chicago-based company recently opened a second office in Pune, India, about 90 miles from the original office in Mumbai. The company’s professional staff has expanded to over 400 from a little over 150 a year ago. Mindcrest is meeting the soaring demand that has seen business triple in the past 12 months.

Mindcrest offers a wide variety of legal services, from basic document review to complex legal services required by Fortune 500 companies, at a cost savings of 50 to 90 percent of the conventional expense. The overseas offices are staffed by experienced lawyers with superior academic achievement from India's top law schools. The employees are trained in the common law system. Mindcrest’s staff thoroughly understands the service level and quality expected by its clients. Mindcrest emphasizes detailed process planning, stringent quality control and strong client partnerships to ensure excellent results.

ABOUT MINDCREST: Mindcrest provides legal outsourcing services, utilizing attorneys in India and the United States. The company provides document review, contract analysis and administration, HR legal/administrative processing, legal research and drafting, and legal content services at compelling cost savings.