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Outsourced contracting or contracting as a managed service has taken off in the quadrant of high volume,

Contract Services

Alternative Legal Services Providers (ALSP's), often also referred to as law companies, provide a number of services that traditionally were performed by law firms or in-house counsel. In most cases this involves services that don't constitute legal advice and due to their nature cannot carry typical law firm rates. Early on most of the work that was performed by ALSP's was discovery work. As ALSP's matured, some started to take on certain work law firms wouldn't be involved in such as negotiating NDA's. ALSP's can do work at lower costs because of use of technology, better process and project management and labor arbitrage. Many delivery centers are based in low cost locations. Sxome law firms operate their own ALSP's as captives to the law firm. Companies in the space include Factor, Unitedlex, Cognia, Epiq, Axiom, Elevate. In January 2022, the Arizona Supreme Court granted Elevate an Alternative Business Structure (ABS) License, making it the first ALSP in the U.S. allowed to provide legal services.

Alternative Legal Services

LTH Expert

Repapering is a service that has increased in intensity. As result of regulatory reform (for example the introduction of GDPR or the phase-out of LIBOR) companies see themselves confronted with the need to change thousands (and sometimes hundreds of thousands) of documents to reflect the regulatory change. The process is complex, and requires streamlining and automation to scale for the volume of contract remediation generally required. Step 1 is typically legal advice by a law firm: what is the impact of the new regulation or the change of regulation.? Step 2 is development of a playbook. Step 3 is contract review, from categorizing contracts in bulk to identifying and extracting relevant clauses. Step 4 is process automation, generating a review workflow that imports the extracted data and leverages the platybook to guide reviewers through a decision tree upon which a decision is made as to whether, for each contract, an amendment note is needed. Step 5 is the generation of draft amendment documents, often leveraging templates and document automation as an output of the review workflow. Step 6 is sending documents to counterpart for signature but often involves negotiation following the playbook with law firms as escalation. Step 6 is execution and step 7 is storage of the executed documentation. Some law firms have established their own workflows (combining contract tools such as Kira or Eigen with workflow tools such as Bryter or Neota Logic), but in order to perform this work at a cost the client is willing to bear they still typically require support from lower cost timekeepers from ALSPs. ALSPs such as the Big 4, Factor, Cognia, and Elevate have also established end-to-end automated workflows, which can be leveraged alongside their flex legal teams.&nbsp;

Repapering

This is a catch-all category for a number of companies that provide non-legal services to law firms and in-house departments. For example companies like Frontline and Keno Kozie provide IT support to law firms. Companies like LAC Group and LegalEase Solutions LLC for library management and legal research. Frontline also provides billing services to law firms.

Managed Servicess

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Alternative legal services providers often provide lawyers and other legal professionals on a temporary, contract basis to law firms or corporate legal departments that need additional support on major matters or projects.&nbsp;

Flexible Resourcing

When eDiscovery became ubiquitous and law firms were regularly confronted with large numbers of files that required review using a combination of technology and an army of people, the industry of eDiscovery services started evolving. Instead of a law firm hiring contract attorneys as reviewers, they started engaging third party service providers to do the work. The early ALSPs focused on this type of work and the volume has only increased with increased number of files in discovery. Providers in the category include Epiq, Integreon.

eDiscovery Services

Legal billing solutions assist law firms to improve and streamline the processes around billing, including tracking time and expenses, creating invoices and bills, reviewing bills, dealing with collections, payments and trust accounting. Elite 3E and Clio are two of the key providers in this category.

Billing

Document automation software helps a lawyer draft documents faster and more consistently. There are two types: 1. Q&amp;A based where a user answers a series of questions (e.g., when drafting an employment agreement: name of employee, salary, non-compete yes or no and if yes for how long, place of work etc.) and the system inserts the answers into a template creating a complete document ready for signature. The industry standards for this are Contract Express and Hotdocs. Successful new entrants in the space include Avokka and Clarilis. 2. Clause-based document assembly: by selecting clauses, the user builds a document to their needs. Clausebase and Draftwise are examples.

Document Automation