For almost a decade, they were the public face in the West of Indian legal outsourcing. But last month, David Perla and Sanjay Kamlani, co-founders and co-CEOs of New York- and Mumbai-based Pangea3 LLC, exited the industry that they helped pioneer.
Perla and Kamlani left as they had agreed after Thomson Reuters Corp. acquired Pangea3 two years ago for what the Business Standard of India estimated was as much as $40 million. But both men insist that their leaving doesn’t imply that the market for LPOs has peaked, or that they got out at the top.
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