[co-author: Stephanie Hinrichs]
Like every other industry, the “Everything from Everywhere” marketplace and digital economy is changing how the legal industry works. Chief among these changes is the growth of the Alternative Legal Service Provider. In a recent report, the Blickstein Group found that one-third of the legal departments it surveyed increased their spend on ALSPs during 2020 and 38 percent expect their spend to increase this year. ALSPs provide services ranging from business operations support like NDAs and entity formations, to legal services at scale such as high volume due diligence and temp staffing, to internal legal design and consulting for projects like document retention policies/schedules.