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Law firms and corporate law departments find strategic partners in ALSPs

  • May 2, 2023

As the market for ALSPs matures, law firms & corporate law departments are seeing the advantages to enlisting ALSPs as strategic partners.

Once regarded as last-minute stand-ins for overflow commodity work, alternative legal services providers (ALSPs) have quickly become strategic partners to both law firms and corporate law departments. And as ALSPs continue to mature, their outside perspective, ability to select and implement technology to drive efficiency, and commitment to improving outcomes by improving processes has helped them carve out a unique role in the legal services marketplace.

This growing trend was highlighted recently published , a data-driven report produced every two years by the Thomson Reuters Institute in partnership with The Center on Ethics and the Legal Profession at Georgetown Law and the Saïd Business School at the University of Oxford.

And the growth message wasn’t lost on the report’s survey respondents. As one U.S.-based CEO and co-founder of an independent ALSP says: “We’re probably at literally 10 times the number of conversations from a year ago about, how do you mature your legal department? How do you adopt the next tech? How do you do a three-year tech plan? How do you do the organizational change? How do you transform your services?”

Interviews with more than a dozen additional ALSP leaders found that more strategic considerations are becoming a routine part of ALSP discussions across multiple service areas. For example, concerning using ALSPs to fill secondment arrangements, one partner in a law firm ALSP explains: “It has become much less of an emergency service — it always used to be, ‘Someone’s left, we’ve got a gap.’ Now it has become built into the way that large clients manage talent.”

<i><b>You can download a copy of the Thomson Reuters Institute’s&nbsp;</b></i> <a href=”https://www.thomsonreuters.com/en-us/posts/legal/alsp-report-2023/” target=”_blank”><i><b>Alternative Legal Services Providers 2023 Report</b></i></a> <i><b>here.</b></i>

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