2019年替代性法律服务提供商_快速增长_应用扩张与新增机遇（英文版）_18页_4mb

总结：Alternative Legal Service Providers 2019

核心内容

Alternative Legal Service Providers (ALSPs) have experienced significant growth in usage across both corporate legal departments and law firms. The adoption of ALSPs has surpassed earlier projections, and their role in the legal industry is expanding rapidly. ALSPs are now seen as essential tools for accessing specialized expertise, improving efficiency, and reducing costs. The market is becoming more mainstream, with firms exploring new ways to integrate ALSPs into their operations.

主要观点

• ALSPs Usage Growth:

  • Corporate use of ALSPs in four out of five major categories (litigation and investigation support, legal research, document review, and e-discovery) has exceeded or approached 2021 projections.
  • Law firms are increasingly adopting ALSPs, with large firms using them for five or more functions.
  • The use of ALSPs by small law firms has more than doubled in all top categories.

• Top Use Cases:

  • For corporations, the top five use cases are litigation and investigation support, legal research, regulatory risk and compliance, document review/coding, and e-discovery.
  • For law firms, the top use cases are e-discovery, legal research, document review/coding, litigation and investigation support, and non-legal/factual research.

• Market Expansion:

  • The ALSP market is estimated to be worth $10.7 billion in 2017, with a CAGR of 12.9%.
  • The market is segmented into five main categories: Big Four, Captive LPOs, Independent LPOs, Managed Services, and Contract and Staffing Services.

• Geographic Trends:

  • U.S. corporations are the most active users of ALSPs, with growing use in all categories.
  • U.K. corporations are more likely to use ALSPs for legal drafting and due diligence, while Canadian corporations are more likely to use them for non-legal/factual research.

• Driver of ALSP Adoption:

  • Access to specialized expertise is now the primary driver for using ALSPs, surpassing cost savings.
  • Law firms and corporations are increasingly using ALSPs to scale operations, improve efficiency, and differentiate services.

• Client Pressure:

  • Client pressure is a growing factor in the use of ALSPs, especially among smaller law firms.
  • 23% of corporations now encourage their law firms to use ALSPs, up from 17% two years ago.

• Big Four Influence:

  • The Big Four accounting firms are intensifying competition with traditional law firms by offering a wide range of legal services.
  • Their advantages include strong C-level relationships, global expertise, and integration of legal services with other offerings.

• Attitudes Toward ALSPs:

  • Concerns about quality and data security among U.S. corporations have decreased over the past two years.
  • Corporations are less likely to use ALSPs for project management or intellectual property management in the future.

• Future Outlook:

  • Expectations for future use of ALSPs remain high, with 25% of corporations planning to increase spending on ALSPs.
  • Law firms are also planning to expand their use of ALSPs, with 50% considering establishing their own ALSP affiliates in the next five years.

关键信息

• Growth Projections:

  • ALSP usage in the U.S., U.K., and Canada is expected to align closely within the next five years.
  • Use of ALSPs for litigation and investigation support has grown significantly, becoming the most common use case for corporations.

• Technology Adoption:

  • ALSPs are leveraging technology, including AI, to enhance their service offerings and move up the legal value chain.
  • About one-quarter of ALSPs are currently using AI, and another one-third is evaluating its potential.

• Market Segmentation:

  • The ALSP market is divided into five segments: Big Four, Captive LPOs, Independent LPOs, Managed Services, and Contract and Staffing Services.
  • Independent LPOs dominate the market with an estimated revenue of $7.4 billion.

• ALSPs and Law Firms:

  • Law firms are forming partnerships with ALSPs and exploring the creation of their own ALSP affiliates.
  • ALSPs help law firms scale, differentiate services, and improve client satisfaction.

• Legal Department Adoption:

  • Corporate legal departments are expanding their use of ALSPs due to a need for specialized expertise and efficient resource utilization.
  • Law firms are also adopting ALSPs to provide a broader range of services and meet client demands.