The task force noted that “…trained non-lawyers, or certain forms of technology, may be able to provide accurate legal advice in faster, cheaper, and more innovative ways than lawyers can.” A revision like this would include the need for limited licenses and possibly a new regulatory body. Regulations would need to hold non-lawyers to the same ethical standards as lawyers and account for confidentiality concerns.
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Law firm profitability is not exactly languishing. Many law firms, especially larger ones, are making very comfortable margins. But law firms are rather like whales: if they stop moving, they sink.
read more Law firms have complicated relationships with alternative legal service providers. In some cases, the ALSPs are serious competitors. In other cases, ALSPs help law firms to improve and expand law firm services to their clients. Let’s talk about the major ALSP offerings, and how law firms can be confident in choosing the right service providers.
read more 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.
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