The exit of co–CEOs David Perla and Sanjay Kamlani from Pangea3 LLC in November also marked their exit from the legal process outsourcing industry that they personified for nearly a decade. Perla and Kamlani left as they had agreed when they sold Pangea3 to Thomson Reuters Corporation 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.
“I think we’re still in the early stages,” Perla says. “To use a baseball analogy, this is maybe the bottom of the third inning.”
