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REPORT: Law Firms Are Increasingly Turning to Alternative Legal Service Providers

REPORT: Law Firms Are Increasingly Turning to Alternative Legal Service Providers

Law firms are increasingly turning to alternative legal service providers (or law companies) for strategic business reasons according to a new report by Thomson Reuters “Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity”.

5 Reasons Law Firms Shouldn't Leave Consulting to Accounting Firms

5 Reasons Law Firms Shouldn't Leave Consulting to Accounting Firms

Why law firms have left consulting to accounting firms over the last few decades is a mystery. Accounting firms quickly moved up the value chain and are viewed by clients as strategic partners leaving law firms behind. But Law Firms really should get into the consulting business as evidenced by the fact this morning’s news from thelawyer.com that Eversheds Sunderland’s consulting business brought in over GBP 26 million ($33 million) in 2017.

RECAP: Nimble Legal Industry Pressures Forum

RECAP: Nimble Legal Industry Pressures Forum

On September 26th at TalentLaunch in suburban Clevelad, we gathered 9 legal industry thought leaders (in-house counsel, law firm partners, law firm CFOs, and Plante Moran’s law firm practice partner) to discuss the pressures law departments and law firms face and how they can work together better. In attendance were various General Counsels, in-house counsels, Managing Partners of law firms, law firm pricing analysts, and members of various alternative legal service providers and legal technology companies.

Here are the highlights:

New Law is Legit!

New Law is Legit!

Today's announcement that EY acquired Riverview Law has been bouncing around my head all day and I've finally figured out why.  This acquisition along with 3 other 2018 New Law transactions have legitimized New Law.

Nimble + LegalSifter: Contract Review at the Speed of Business

Nimble + LegalSifter: Contract Review at the Speed of Business

LegalSifter and Nimble Services LLC are proud to announce a strategic partnership that combines LegalSifter’s artificial intelligence (AI) with Nimble Services’ legal expertise to radically streamline the contract review process.

5 Reasons Why Law Firms are Innovating with Strategic Partnerships

5 Reasons Why Law Firms are Innovating with Strategic Partnerships

Last week brought additional news of another law firm forming a strategic partnership with an alternative legal service provider.  This time it was Hogan Lovells, announcing a strategic partnership with an alternative service provider for access to a cadre of flexible lawyers.  This is the second strategic partnership that Hogan Lovells has entered into with an alternative legal service provider.  DLA Piper, Allen & Overy, and White & Case have also entered into strategic partnerships with alternative legal service providers.