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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Corporate legal departments are under increasing pressure to function as any other business unit within an organization, which could both change their approach to legal tech and shuffle more of their business in the direction of the Big Four. A Friday keynote panel at the virtual ILTA>ON conference titled “Legal’s Next Disruptor? Demystifying the Big 4″ plunged into a future that sees in-house staff working more closely with other departments.

As a result of those collaborations, corporate attorneys may be thinking differently about tech. Peter Krakaur, managing director of EY Law, noted that in-house law is no longer looking at tools or systems. ”Everything now is about more of a platform and clients are intentionally, at internal enterprise, trying to shift from the legal tech stack to try and leverage the enterprise tech stack to have a common platform,” he said.

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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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