3 reasons you need alternative legal services
For forward-thinking legal firms alternative legal services (ALT) an exciting opportunity to shape the future. Is ALT the next step for your practice?
Electronic discovery services
Document review and coding
Litigation and investigation support
Intellectual property management
Due diligence services
Contract management regulatory risks
Some of these services are being provided by independent start-ups, while others are new offerings from forward-thinking law firms or innovations by in-house legal teams.
What’s the attraction of alternative legal services?
The Thomson Reuters survey found that people turn to an ALSP (Alternative Legal Service Providers) for three main reasons:
Cost – these new service offerings often involve automation or outsourcing, resulting in substantial cost-savings. The survey showed that future growth in the sector is likely to come from the rapid advances in AI technology, delivering even more efficiencies and cost-savings.
Innovation – suddenly customers have easy access to specialist expertise in technical or administrative areas such as e-Discovery.
Security – the technological solutions that underpin ALT providers enhance both confidentiality and data security - a high priority for legal firms and their clients.
Build your profile and attract new customers
Stay relevant and visible in an increasingly competitive market
Cut costs by harnessing technology to automate repetitive and time-consuming processes
Increase both employee and customer satisfaction by giving your staff more time to build relationships and solve their clients’ problems.
The first in a series of blogs on AI by Dr Jeroen Vendrig, from Canon Information Systems Research Australia (CISRA)
The second in a series of blogs by A.I. expert Dr Jeroen Vendrig
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