Alternative Legal Service Providers are Now Mainstream

Alternative Legal Service Providers – the New Player
Alternative Legal Service Providers (ALSPs) are legal service businesses that take on legal processes from law firms and organizations, perform them at a lower cost, and often with increased efficiency, flexibility, and speed[1][2].
More and more companies are routinely transferring their legal services to ALSPs, while law firms are outsourcing expensive and time-consuming projects to them. According to a recent survey by Thomson Reuters[3], ~51% of law firms and 60% of corporate legal departments use ALSP services. While cost-effectiveness is one of the reasons ALSPs are gaining popularity, another is that these businesses often have expertise that is not available in-house in many law practices.
ALSPs usually specialize in high-demand legal services such as Document Review, Discovery, Contract Lifecycle Management, Compliance, Litigation, IP management etc. (refer Chart 1).
Chart 1: Law firm and Corporate use of ALSPs. Source: Thom…
Chart 1: Law firm and Corporate use of ALSPs. Source: Thom…