(Photo: Panumas/stock.adobe.com) ALSPs Stand to Benefit Most From Booming Contract Services Demand—for Now
There's money to be made in the contract managed services market, with ALSPs likely taking the lead over law firms due to their emphasis on process and technology. However, the expertise law firms bring to the table can't be written off, especially for clients with complex agreements.
March 23, 2021 at 12:00 PM
4 minute read
The original version of this story was published on Legal Tech News
It's a good time to be in the contract managed services business—especially if you're an alternative legal service provider (ALSP). While outside counsel are also benefiting from the influx of contract review work and other related needs flowing out of legal departments in the wake of the pandemic, many firms may ultimately be turning to ALSPs to help complete those projects unless they have their own internal tech processes to fall back upon.
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