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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Businesses are likely still in the process of evaluating the long-term impact that COVID-19 will have on their legal spend budgets, and what that means for their interest in legal technology or relationships with alternative legal service providers (ALSPs). But decisions may ultimately depend on a simple calculus made by each organization: Does the comprehensive range of services offered by many ALSPs trump the return on investment offered by purchasing a piece of legal tech for in-house use?

For some corporate legal departments that have seen their head count drastically reduced, the answer may be “yes.” However, that isn’t necessarily a cause to worry for legal tech providers, some of whom were already starting to sell their products directly to ALSPs long before COVID-19 hit.

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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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