Majority of US Law Firms, In-House Legal Teams Using ALSPs
‘The alternative legal service provider (ALSP) market has ‘reached a point of maturity’, with US law firms and corporate legal departments using them for a wider remit of work, according to a Thomson Reuters survey,” reports Ben Edwards in The Global Legal Post’s Big Stories.
“The Alternative Legal Service Providers 2021 Survey … found that 79% of law firms and 71% of in-house teams now engage ALSPs for legal work compared to 51% and 61% respectively in 2016.”
“The report stated: ‘In general, this round of research shows an increasing sense of collaboration, rather than competition between law firms and independent
The survey highlighted the top three areas where law firms use ALSPs is for electronic discovery services (45%), legal research services (44%) and litigation and investigation support (39%). By contrast, the top three areas where in-house teams engage ALSPs is for regulatory risk and compliance services (35%), legal research services (29%) and specialised legal services provided by licensed lawyers (26%).'”
