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By re:word limited
August 19, 2004 |
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Specialist legal & financial translation company secures funding to fuel growth
PR9.NET August 19, 2004 - re:word, a specialist financial and legal translation company, has succeeded in gaining funding to help achieve their goal of providing the highest quality language services for the legal and financial sectors in the British market. The funding, secured via the Small Firms Loan Guarantee scheme, will be used to recruit additional translators and update technology.
"We plan to grow steadily over the next five years” says director Anne-Lise Mesnard, "We will remain focussed on our core competencies: law and finance, but will provide additional languages and services in the future. We aim to be a single point of contact for all language based needs within the legal and financial sectors"
The translation market is competitive but re:word say that their staff, who are qualified lawyer-linguists and economist-linguists, set them apart from general translation agencies. "Why would a company trust their legal and financial documents to be translated by someone who does not understand the law or financial matters?” points out Anne-Lise Mesnard, “there is too high a risk of mistakes being made, which could implicate the company and damage corporate reputation".
The translation industry in the UK has grown substantially in the last four years. A report by the Institute of Translation and Interpretation suggests that the value of the UK translation market will reach £635m by 2007.
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