In 2017, Thomson Reuters, Georgetown Law Center for the Study of the Legal Profession and the University of Oxford Said Business School partnered in a study on Alternative Legal Services Providers (ALSPs). They reported that 51% of law firms and 60% of corporate legal departments use ALSPs. That number is growing.read more
Many attorneys use technology assisted review (“TAR”) solutions to help streamline their practice. It can help with document review, case assessment, contracts, and other litigation tasks. One major draw of TAR is that it reduces effort and cost related to eDiscovery, while also improving accuracy. Numerous studies have concluded that TAR provides results that are superior to manual review. As the years go on, this software continues to improve and provide even more benefits to the legal industry.read more
Key personnel at law firms need to concentrate on core business. Everything else is distraction.read more
Of course, support services are necessary to a functioning firm. The challenge is to focus on core business without distracting key players. To this end, many law firms are outsourcing middle and back office functions to legal process outsourcing providers (LPOs) so they can concentrate on client services and optimizing business systems.
In law firms, middle office services support the practice of law. Typical services include document processing, marketing/creative services, risk and compliance, research/library services, and administrative support. These services are critical to law firm operation, and firms are exploring ways to improve service quality while reducing the often-high cost of the middle office.read more