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Over the last ten years, the legal industry has encountered new challenges that are forcing practitioners to think differently about their businesses. Corporations, focused on driving value to their organizations, have been increasingly flexing their buying power and law firms are feeling the pressure to adapt. This change has opened the door to a new category of legal service provider, Alternative Legal Service Providers (“ALSPs”).
In a first-of-its-kind effort, Thomson Reuters, Georgetown Law Center for the Study of the Legal Profession and the University of Oxford Said Business School studied this category of providers. The Alternative Legal Service Study reveals a seismic shift that has already happened with 51% of law firms and 60% of corporate legal departments currently using Alternative Legal Service Providers for at least one type of service. And those numbers are expected to grow.
The report brings invaluable insights from corporate and law firm professionals globally into how Alternative Legal Service Providers are carving a niche in the market.
Access the report to understand:
- Different types of alternative legal services commonly used by corporations and law firms and the benefits realized.
- How the growth of ALSPs represents opportunity for both corporations and law firms.
- The shifting motivations around why corporations and law firms are turning to ALSPs.
- Why law firms need to rethink the way they are approaching the delivery of legal services.
Register and download report at http://legalsolutions.thomsonreuters.com/law-products/solutions/legal-outsourcing-services/outsourcing-insights/alternative-legal-service-provider-study-2017?cid=70113000000w4IC&chl=pr
