For those tracking legal outsourcing deals, another entry for your books:
Jersey-based CPA Global are providing a team of 12 Delhi-based lawyers to handle tasks such as contract review, drafting and legal research – in a move projected to reduce Rio Tinto's annual legal spend by 20%. The company estimates that the new India venture, which became operational on 1 May, will be seven times cheaper than its lawyers in London.
The Delhi-based team is expected to double in size within a year. Although Rio Tinto is currently going through a cost-cutting procedure which is expected to lead to significant job losses, there are no current plans to reduce headcount in the existing 100-strong global legal group.