article thumbnail

Alternative Legal Service Provider and Cenza – A quick recap of the journey

Cenza

It took years to shape into a formal industry and to be christened Alternative Legal Service Providers. This fact was further reiterated by Thomson Reuters’ Alternative Legal Service Providers 2021 Report, which unveiled that nearly 79% of law firms and over 71% of corporate law departments are leveraging the services of ALSPs.

article thumbnail

Alternative Legal Service Providers – An ally to embrace

Cenza

Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Study of Corporate Legal Spend in Legal ‘Megamatters’ Finds Little Use of ALSPs

LawSites

The LegalVIEW Insights report by Wolters Kluwer ELM Solutions is based on data gathered through its LegalVIEW BillAnalyzer product, which the company says is the world’s largest body of legal performance data. As a result, changes in total legal spend tend to be driven by megamatters more than by lower-cost matters. Just 29.2%

Legal 98
article thumbnail

Paralegal Project Management Tip

Paralegal Bootcamp

What is legal project management? Legal project management is the application of project management principles and practices to enhance the delivery of legal services. Part of the scope included the due diligence project that the associate was doing. The team consists of you, the partner, and two associations.

article thumbnail

Study of Corporate Legal Spend in Legal ‘Megamatters’ Finds Little Use of ALSPs

LawSites

The LegalVIEW Insights report by Wolters Kluwer ELM Solutions is based on data gathered through its LegalVIEW BillAnalyzer product, which the company says is the world’s largest body of legal performance data. As a result, changes in total legal spend tend to be driven by megamatters more than by lower-cost matters. Just 29.2%

Legal 52
article thumbnail

ALSP Factor Launches Product for Law Firms to Manage and Support Transactions

LawSites

There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms.

article thumbnail

Why Legal Process Outsourcing is the right choice for you?

Cenza

Since its inception in the mid-twentieth century, LPO has grown considerably, and it is now a dominant business, with law firms in the Global South exporting legal services to typically white-shoe law offices in affluent countries at a much-reduced cost. Benefits of Legal Process Outsourcing. Which legal services to outsource?