Extract from article by Peter Workman in the Global Legal Post
Acute budgetary pressure has driven GCs and their teams to look at even more innovative and cost effective solutions and into the arms of the alternative legal services providers (‘ALSPs’). The ALSPs employ a mixture of technology, outsourcing and flexible staffing solutions to deliver a range of services including, large scale document review, contract management, regulatory investigation and litigation support, discovery and electronic discovery, contract lawyers and staffing, legal research and management of IP portfolios.
The ALSPs market is now sufficiently developed that GCs are demonstrating increased trust by using ALSPs for the delivery of certain tasks as a matter of course. There is a mature and trusted legal contractor market which GCs will turn to for support where additional in-house resource is required (eg to cover extended absence of team members, abnormal spikes in workload and / or for support on specific projects (eg M&A activity or regulatory investigations or litigation)). GCs are also looking at outsourced managed legal service models to further strip cost out of processes such as high volume standardised contract work. Such managed legal services are also increasingly using new technologies to add further efficiencies and costs savings.
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