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.
Turbo Boost to ALSPs Fueled by Rise of In-House Legal Ops
“I tend to look for the folks who are a little more innovation-forward, even if it costs a little more, because at the end of the day it’s still going to be less than a law firm," said Mike Russell, head of global legal operations at Expedia Group Inc.
A few years ago, legal operations leader Mike Russell was working at Ingersoll Rand Inc., when the global manufacturing company faced the challenge of trying to coordinate and oversee about 30 law firms scattered across multiple states.
The company could have gone the traditional route and hired national coordinating and discovery counsel. Instead, the legal department turned to an alternative legal services provider to handle the job. The ALSP brought boots on the ground to visit the company’s warehouses, and sort through paper files as part of the discovery process.
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