user2428: If you open this video on vimeo. 
Then fast forward to 00:56 on the timeline you can see a text animation where the blocks of text appear like there are being flipped and falling. I want to know what plugin or pre-set animation they are using in After Effects to achieve the same. 
If you need more clarity on the question please let me know. Thanks

user2197: They haven't used a preset or plugin. They have animated it. 
Achieving this effect in After Effects is done by enabling 3D on the layer, positioning the anchor point and then animating the rotation.

2428: <p>If you open this <a href="https://vimeo.com/31836169" rel="nofollow">video on vimeo</a>. </p>

<p>Then fast forward to 00:56 on the timeline you can see a text animation where the blocks of text appear like there are being flipped and falling. I want to know what plugin or pre-set animation they are using in After Effects to achieve the same. </p>

<p>If you need more clarity on the question please let me know. Thanks</p>
 2197: <p><strong>They haven't used a preset or plugin.</strong> They have animated it. </p>

<p>Achieving this effect in After Effects is done by <a href="http://help.adobe.com/en_US/aftereffects/cs/using/WSC6FF4D87-B70E-430f-B432-09061F7FCAFBa.html" rel="nofollow">enabling 3D on the layer</a>, positioning the <a href="http://help.adobe.com/en_US/aftereffects/cs/using/WS3878526689cb91655866c1103906c6dea-7dd2a.html#WS3878526689cb91655866c1103906c6dea-7dada" rel="nofollow">anchor point</a> and then <a href="http://help.adobe.com/en_US/aftereffects/cs/using/WS3878526689cb91655866c1103906c6dea-7e33a.html" rel="nofollow">animating the rotation</a>.</p>
