Breaking Tradition: How New Law is Challenging Big Law
As clients adapt the way they source and purchase legal services, competition and collaboration among new and traditional providers is increasing. In the decade since the Great Recession, when alternative options really came onto the scene with the promise of offering a better way, the numbers and types of providers have exploded. Over the next year, we aim to bring clarity around who those alternative providers are, what they are offering, who they are representing, where they get their talent and what piece of the market they have and could attain. You\'ll meet the players, hear from clients, see examples of collaboration, learn the offerings and gain clarity into this rapidly growing segment of the legal services market.
The Talent in Deloitte's New Legal Business Practice Has ALSP Roots
Deloitte announced the launch of a new Legal Business Services practice on Monday that includes the talents of several former ALSP or legal technology professionals. As the Big Four continues to aggressively pursue new legal expertise, ALSPs could find themselves dealing with a shallower talent pool.
Deloitte took another giant step into alternative legal service provider country today with the launch of its Legal Business Services practice. The new initiative looks to build on the company’s existing roster of legal department offerings with the inclusion of such disciplines as contract life cycle management, regulatory consulting, e-discovery and data governance.
To be sure, the Big Four company has been steadily encroaching on the legal world for some time, especially when it comes to technology. Case in point: Deloitte kicked off Legal Ventures, an initiative that traded the organization’s expertise in exchange for access to legal tech startups’ products and services, last December.
But the launch of the legal business services practice also makes clear that Deloitte is investing just as heavily in the talent or skill sets that have traditionally populated ALSPs and tech companies.
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