More law firms are blurring the distinction between firms and alternative legal service providers (ALSPs) as they adopt cross-disciplinary tech/consultancy services unique to the ALSP market. But stiffer competition won’t wipe out ALSPs’ place in the market, as many firms rely on vendors to power their technology and resources.
Allen & Overy, Baker McKenzie, Reed Smith and Hogan Lovells are some of the law firms adding flexible staffing, advanced data analytics and other services similar to vendors. Elevate vice president of innovation Pratik Patel said it’s a recent change from precedent.
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