One lawyer’s convenience is another’s small to moderately-sized threat. Findings from the 2019 LTN Tech Survey show that respondents predominantly consider alternative legal service providers (ALSPs) to be a small to medium-sized threat to the current law firm model. Still, the jury is still out on whether firms are simply in denial or have figured out how to fold potential rivals into their existing services.
From the survey, 38 law firms technology leaders were asked if they believed the rise of ALSPs to be a threat to their current model. Very few (16.2%) believed ALSPs represented a large threat, but the “medium” and “small” threat categories each garnered 40.5% of the vote.
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