Special Report

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.

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In 2020, Chambers published its first rankings report of ALSPs, found here: Chambers Alternative Legal Service Providers 2020: Professional Advisors. This is not just a sign of things to come, but a vivid reflection of today’s marketplace. Coming from an established source of deeply researched rankings and reviews, a source driven by real participation by in-house counsel and clients, this is solid confirmation of the depth and force of market change.

Indeed, the language Chambers uses in this report strongly suggests they are testing their audience’s reaction to ranking ALSPs like law firms. We believe it’s possible that, in the future, Chambers will rank ALSPs right alongside law firms. It is powerful confirmation of a continued trend by which ALSPs have become a greater force, often in competition with law firms, inside and outside the U.S.

Breaking Tradition Clean SquareIf Chambers faithfully follows the viewpoint and buying habits of its in-house market, it seems almost inevitable that they will eventually blend the rankings, just as the markets in which large law firms and ALSPs have overlapped.

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