To date, this has included the use
of alternative service providers, technology or low cost centres, as well as working closely with the firm's «continuous improvement» team.
It is clear that large corporations through their legal departments and procurement departments have found the substantially lower rates offered
by alternative service providers to be extremely attractive.
In the last year, McCarthys has also joined forces with
alternative services providers such as Cognition LLP and Exigent Group Ltd. to provide clients options to traditional law firm services.
They are also taking steps to reduce cost, including bringing more work in - house,
using alternative service providers such as managed document review companies and legal process outsourcers (LPO), and shifting work to smaller firms and boutiques from large firms.
Corporate law departments report that they are re-negotiating outside counsel fees, shifting work to lower - priced law firms, increasing in - house capacity, opting
for alternative service providers and using new technology — all to develop a more cost - effective legal services model.
The other future — the one that will bring fundamental change — will see increasingly capable machines and
alternative service providers aided by technology transform the way practical expertise is shared amongst members of society.
Two thirds of law firms surveyed by ALM Intelligence said they were «concerned» about the threat posed by accounting firms and
other alternative service providers, while 45 % consider them to be a «major threat».
It's not unreasonable to assume (along with Richard Susskind) that there will be a continual movement from bespoke activities towards commodification, with
alternative service providers providing more and more of those commoditized services.
As new in - house leaders choose legal services with a mind to a model other than the billable hour, Reed predicts there will be more mergers of the different types of
alternative service providers aligned with main providers of legal services — such as large law firms, which may require some regulatory change.
This leverage model enabled the firm to make substantial profit but for some time been under challenge from new methods of getting work done such as Legal Process Outsourcing (LPO), the arrival
of alternative service providers such dispersed law firms and firms deploying innovative ways of providing legal services.
This is not one tool in particular, but entails time spent researching and trying different ways to innovate the legal team, whether it's
using alternative service providers, bringing in technology like AI into your systems or simply finding other ways to save money.
The Prairies have seen: a significant merger, with MacPherson Leslie & Tyerman LLP and Aikins MacAulay & Thorvaldson LLP joining forces at the beginning of the year; a pick - up in infrastructure spend; rising competition
from alternative service providers; and — especially in Saskatchewan — strong population growth.
Corporate law departments report that they are re-negotiating outside counsel fees, shifting work to lower - priced law firms, increasing in - house capacity, opting
for alternative service providers and using new technology — all to... [more]
We also work
with alternative service providers and consultancies who are leveraging our platform to provide innovative apps to their clients who want to rapidly automate expertise, create documents and route using intelligent workflows.
When congregations are described as
alternative service providers, they are pitted against secular agencies and even faith - based nonprofits.
It gives a model of competition where
the alternative service provider idea pits the secular against the faith - based non-profits.
We can scale up very easily by using some of
the alternative service providers.
(2) Identify the right legal talent, at the right price, with labor - saving technology or
alternative service providers, if applicable, and
Law departments are redirecting spend towards internal headcount, technology, and
alternative service providers.
This year's survey will take place against a background of intense competition among leading law firms to secure coveted panel spots in an increasingly demanding legal market, a challenge made even tougher by new competition from the likes of
alternative service providers and accounting firms.
To put it elegantly, global firms will eat the lunch of biglaw, and
alternative service providers will nibble away at what the English would call the «High Street work» that is the bread and butter of small firms and sole practitioners.
We predict that
alternative service providers are going to become a bigger part of this picture in 2018 and beyond.
Late last year, CLOC, the Corporate Legal Operations Consortium, released the results of its first annual State of the Industry Survey, looking at such metrics as legal spend; legal department and legal ops headcounts; commonly used e-billing vendors, contract management systems and
alternative service providers; and law firm evaluation priorities.
Unlike consultancies that offer advice without delivery or
alternative service providers that supply resources without vision, Ethien brings it all together so it's easier for our clients to achieve real change.
According to research from ALM Intelligence presented last week at LegalWeek in New York, as Deloitte, PWC, KPMG and EY expand their legal offerings, they pose the biggest threat to the future success of law firms and
alternative service providers.
I've also worked with
alternative service providers and started thinking about how we can leverage their skillsets.
Clients meet the growing demand by hiring more lawyers and sending work to
alternative service providers.
Increased percentage of outside spend with
alternative service providers; 3.
GCs meet the growing demand by hiring internally and sending work to
alternative service providers.
High end work increasingly goes to the AmLaw 100 firms, lower end work increasingly goes to smaller and less costly firms or even to
alternative service providers.
The question then becomes whether these services can be bought smartly: you can fix fees, disaggregate the work and push parts to
alternative service providers, and you can build long term relationships with law firms to create more value.
On the other side, law firms and
alternative service providers will deploy chatbots to their clients to improve the communication and to offer fast and uncomplicated legal assessments.
If an Eligible Member is not satisfied with a Service Provider, such Eligible Member may select
an alternative Service Provider using the Lawyer Directory.
But, overall,
the alternative service providers as a whole will not be as skilled, etc. as the legal profession as a whole.
Chas is a prolific speaker on legal regulatory issues,
alternative service providers, and the future of the legal profession.
Just as in the media sector, this has created opportunities for entrepreneurial law firms and
alternative services providers to step in and exploit the situation through hustle and innovation.
As part of cutting costs and outsourcing work, legal departments are looking to alternative fee arrangements with outside counsel and sending work to
alternative service providers, as well as pushing work down to junior attorneys within their own department.