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The Alternative Legal Service Providers 2021 survey results are out!
(I am talking about the much-anticipated third biennial survey produced by Thomson Reuters in partnership with The Center on Ethics and the Legal Profession at Georgetown Law and the Saïd Business School at the University of Oxford that came out last week. Any images used in this post are from that report which you can find as the top listing under the announcement section here.)
Below are some highlights from their report along with some of my reactions.
ALSP use is becoming more mainstream for both law departments and law firms
Majority of US law firms, in-house legal teams using ALSPs, Thomson Reuters survey finds
16 February 2021
Majority of US law firms, in-house legal teams using ALSPs, Thomson Reuters survey finds
Alternative legal service provider market hits point of maturity as 80% of law firms say they use them
Pasuwan; shutterstock 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. The Alternative Legal Service Providers 2021 Survey – produced in partnership with Georgetown Law and Saïd Business School – 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.