The phrase “alternative legal service provider” might be familiar if you’ve ever looked to increase or improve your legal offerings. For many practices, these services, generally referred to as ALSPs, have become the new norm. An ALSP is any service a law firm may ordinarily provide internally, but a third party now provides it. It is not a law company; it uses an outsourcing model that legal firms might employ to handle work that would be too expensive or time-consuming to handle internally. ALSPs provide a specialized service on a large scale to satisfy the demands of law firms. An alternative legal services provider delivers high-quality services at competitive pricing since they have specialized equipment, procedures, as well as technology at their disposal. Because of this, ALSPs can do better than the in-house staff at similar jobs. Read on to gain more insight into the advantages of law firm alternative solutions.
1. Specialization Produces Excellent Work from Engaged staff
Legal assistance services are ALSP’s main line of business. As a result, the employees have specialized knowledge in that kind of high-volume task. In contrast to legal firms, where support services are only one aspect of completing a matter, this is different. Also, lawyers and paralegals who volunteer their time to work at ALSPs are more likely to be invested in their jobs than, for example, associates who are eagerly awaiting the day they may become counsel and be free of duties like research.
Using ALSP offers another advantage because they use technology extensively to complete tasks, monitor metrics, and ensure product quality. Law departments can rely on ALSPs to choose which tool is suitable for the job and to offload the responsibility of deploying and maintaining software as a result of the ALSPs’ substantial reliance on technology (a task that some law firms and legal departments might not be the best suited for handling or might not want to). ALSPs also make use of process automation, documented procedures, and project management methodologies. ALSPs are constantly modifying and enhancing their procedures since most legal assignments they take on are recurring and high volume.
3. Corporate Legal Departments May Concentrate on Adding Value Thanks to Alsps
ALSPs fill a clear and expanding need for adaptable legal solutions. They make it possible for their corporate legal customers to match responsibilities with services. High-volume techniques were initially used, but they are now increasingly being used to meet niche requirements as well. Their products can be incorporated into a client’s current internal framework. However, corporate legal departments may subcontract their routine or high-volume tasks to an ALSP, which may carry out this work in a more productive and technologically advanced way. Both methods lower expenses, and more crucially, both models may be utilized to free up in-house legal talents, allowing them to concentrate on complicated legal matters and give the business more proactive assistance.
It’s time to look into other law firm alternative options if you find that low-level, high-volume legal duties are draining your budget or your in-house staff. Research ALSPs offering those services using your legal spending data to determine the task that consumes the most time and money. Maintain this data-driven strategy by comparing the prices of the ALSPs on your selection to the prices charged by the current vendors. You will undoubtedly get clear insights from this to help you make the finest financial decisions.