The past few years have seen a rise in the number of companies and law firms using ALSPs - Alternative Legal Service Providers -which perform legal research; electronic discovery; and regulatory compliance.
ALSPs tend to make more advanced use of technology. They may be small start-ups or the large accounting firms - Deloitte, EY, KPMG, and PwC. Some law firms are establishing their own ALSP affiliates. A report by Thomson Reuters provides an overview of participants in the ALSP field:
ALSPs are used not only for their expertise, but also so businesses can match peak demand without hiring more employees, or as part of project management initiatives.
Legal Process Outsourcing (LPO) refers to the practice of engaging ALSPs for certain matters or types of projects.
Greenberg Traurig’s Recurve; Orrick Analytics; and WilmerHale DiscoverySolutions are examples of how ALSPs are transforming the face of the legal world.