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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While law firms have continued to focus on the trusted legal advisor role that is their bread and butter, alternative legal service providers (ALSPs) have made inroads with technology-heavy market segments like e-discovery or legal research that used to be considered the province of traditional law offices. But will the growing presence of ALSPs in those sectors force law firms to enhance their technological infrastructure or wrap themselves even more firmly around high-level legal advice?

The truth is there may not be much of a choice at all. A lack of financial incentive could delay firms from aggressively pursuing technology; however, a rapidly changing legal—and cultural—ecosystem makes the issue a matter of “when” not “if.”

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

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