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.

Analysis

COVID-19 Pushes More Legal Outsourcing, but Not All ALSPs Will Benefit

Budget realities and the move to remote work movement have accelerated the use of alternative legal service providers. But not all legal departments and law firms are comfortable leveraging these new law companies.

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COVID-19′s market disruption is causing more corporations and law firms to loosen their reluctance toward alternative legal service providers (ALSPs). But while there has been an uptick in ALSP outsourcing, it’s far from universal. 

Legal managed service providers are seeing a noticeable change in customers. Specifically, legal departments and law firms are finally seriously considering vendors for their legal matters.

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Victoria Hudgins

Victoria Hudgins

I am a reporter for Legaltech News where I cover national and international cyber regulations and legal tech innovations and developments.

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