5 Ways Law Firm ALSP Growth May Accelerate Post-Pandemic
While law firm ALSPs may have experienced some temporary losses in the early days of the pandemic, many could be poised to come back stronger as clients look for ways to streamline the delivery of their legal advisory and technology-based needs.
December 08, 2020 at 10:00 AM
1 minute read
While the COVID-19 pandemic hasn't done businesses many favors, law firms' tech subsidiaries may be in a position to not only weather the storm, but come out in a stronger position on the other side. That reality may have as much to do with the attitudes of clients as it does with any deep-seated ambitions firms may have with regards to tech. For starters, client expectations that firms embrace the kinds of efficiencies yielded through technology are alive and well. The economic realities of the COVID-19 pandemic may have only made those desires more acute as corporate legal departments seek out streamlined channels through which all of their legal needs can be met. Firms willing to supplement their traditional legal advisory role with technology offerings could quickly find themselves undercutting the value of independent ALSPs, who while cheaper, can't offer the same expertise. Here are five ways that law firm ALSP growth may accelerate post-pandemic.
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