“ALSPs have a greased runway to start soaking up business.” That’s among the reactions – this one from Above the Law’s Joe Patrice – to findings of the Alternative Legal Services Providers 2023 Report, released last week by the Thomson Reuters Institute; the Center on Ethics and the Legal Profession at Georgetown Law; and the …
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ILTACON 2022: How Sophisticated Sellers of Legal Services are Normalizing Alternative Pricing Models
A highlight of Day One of ILTACON included the Becoming a Sophisticated Seller of Legal Services – Normalizing Alternative Pricing Models panel with Bill Josten, senior manager, Enterprise Content – Legal, Thomson Reuters Institute. He was joined by Kofi Mundy-Castel, solution specialist & product owner, Fulcrum GT; Sharon Scenna, senior solutions management director, Intapp; and …
2021 Highlights: Accelerated Growth of Alternative Legal Service Providers
With only a few days remaining in 2021, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we revisit findings of the Alternative Legal Service Providers: 2021 Report, which found that ALSPs expanded to achieve a nearly $14 billion market share globally this year. The report …
Alternative Legal Service Providers Are Becoming Mainstream and Less “Alternative”
Alternative legal service providers (ALSPs) have accelerated their growth to a nearly $14 billion market share globally and are quickly becoming a mainstream segment of the legal market, a new study from Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law and the Saïd Business School at the University of …
Law Firm Business Leaders Report: A Cautiously Optimistic Outlook
Among the 2020 lessons learned in the legal space are the importance of operating a law firm like a business – understanding and anticipating the realities of the market and reacting quickly – and the need for skilled business professionals to effectively manage law firms. The 2020 Law Firm Business Leaders Report from Thomson Reuters …
The Impact of Fourth Industrial Revolution on the Legal Industry
The World Economic Forum’s annual meeting in Davos, Switzerland, next week will draw 3,000 participants from around the globe. Many of the world’s top leaders will attend the gathering, which marks its 50th anniversary this year. Brian Peccarelli, chief operating officer of Customer Segments for Thomson Reuters, wrote a column about what the World Economic …
2019 Highlights: The $10B Alternative Legal Service Providers Market
As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today we look at the “Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity” report – more commonly known as the ALSP Report. Released in January, the report highlights how the …
2019 Highlights: The State of the Legal Market
As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today we look at the “2019 Report on the State of the Legal Market,” released last January by the Thomson Reuters Legal Executive Institute and the Center on Ethics and the Legal Profession at …
Growth of ALSPs: A Conversation with Brian Peccarelli
The increasing use of alternative legal service providers (ALSPs) is redefining the legal space, and the July/August 2019 issue of The Practice, from Harvard Law School’s Center for the Legal Profession, focused on this change. It featured an interview with Brian Peccarelli, chief operating officer of Customer Segments for Thomson Reuters. He shared his perspective …
#AALL19: Fostering the NextGen Library Professional
“As client needs, expectations and behaviors are changing, we are seeing many firms adopt highly innovative approaches to drive greater efficiency, predictability and cost-effectiveness. Clients have more choices than ever for meeting their legal needs, and leading firms are now tailoring their strategies and delivery models to provide legal services in the manner that most effectively …
