For Law Firms and ALSPs the Future Is About Collaboration
August 14, 2019
Legal Talent Outsourcing
The Future for ALSPs and Law Firms is Collaborative not Competitive
In today’s market, not only are law firms and ALSPs co-existing (revenue and profits across both segments are increasing across the board), but the healthy competition is forcing all participants in the legal services delivery ecosystem to get better, faster and more innovative. ALSPs may be disrupting the legal industry, but they’re doing so in a way that helps traditional law firms, rather than harming them.
David Galbenski, EVP of Strategic Initiatives at Lumen Legal (now Lexitas), recently authored an article for The American Lawyer that addresses the outlook for ALSPs and traditional law firms in the coming years. Conventional wisdom suggests that the relationship will be a competitive one, with ALSPs and law firms battling it out for supremacy. However, as David explains, a collaborative model will likely prevail, with ALSPs enhancing—not hindering—the ability of law firms to do what they do best, which is solving difficult legal problems for clients.
By leveraging the processes, systems, and technological capabilities of ALSPs, law firms can provide better, more effective legal services for clients and continue to grow. Indeed, ASLPs and law firms are not competing in a zero-sum game. Statistics show that both parties are growing and succeeding and that trend is likely to continue. Collaboration, not competition, will mark the future. To read David’s article in The American Lawyer, click: For Law Firms and ALSPs, the Future Is About Collaboration.
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