Alternative Legal Service Providers: Threats or Opportunities?

Domain: Business of Law

It’s no secret that alternative legal service providers (ALSPs) are an ever-expanding source of competition in the market. Some estimates put them at over $1 billion in market share already, and on pace for rapid growth. So who is using them? What are they being used for? And most importantly, do they represent a threat to your current business, or is there perhaps opportunity within these market disrupters? Based on research conducted by the Thomson Reuters Legal Executive Institute, this session will highlight findings from a first-of-its-kind survey of how both law firms and corporate clients are using ALSPs today, and how the use of these providers will evolve in the next several years.

Topics include:

• Types of tasks clients look to ALSPs for today, and what they plan to use them for in the future
• How law firms are leveraging ALSPs now, and how these relationships will look going forward
• How law firms are starting to compete in the ALSP market
• Potential opportunities to gain new business by capturing work clients would otherwise send to ALSPs

Presenter:
William Josten, Manager, Legal Industry Analytics – Client Development and Thought Leadership, Thomson Reuters

Member Price: $59
Prospective Member Price: $79