Alternative Legal Services Providers 2023 Report

The Alternative Legal Services Providers (ALSP) market has grown exponentially over the past two years and is making great in-roads with both law firms and corporations. This fast growing and dynamic part of the overall legal ecosystem is rapidly forging new paths to serving clients and ALSPs now comprise a $20.6 billion segment of the legal market.

The Alternative Legal Services Providers 2023 Report, published by the Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law, and the Saïd Business School at the University of Oxford, details how this burgeoning sector of the legal industry is delivering value to traditional law firms and corporate law departments alike.

Key findings include:

  • ALSPs experienced a compounded annual growth rate (CAGR) of 20% from 2019 to 2021, a significant jump from the 15% CAGR recorded between 2017 and 2019
  • ALSPs are expanding the services they offer to law firms and corporate law departments by providing specialized services, improving cost efficiency, and delivering greater flexibility in headcount
  • Independent ALSPs are the largest segment of the market, representing 87% of all ALSP revenue
Kind Regards,
Download your copy here
Please tick this box to receive the latest thought leadership reports, content, and information about products and services from Thomson Reuters.
Reuters Events will use this information to contact you about relevant content, products, and services. You may unsubscribe at any time. For more information, check out our Privacy Policy:
Reuters Events is part of Reuters News & Media Ltd, 5 Canada Square, Canary Wharf, London, E14 5AQ. Registered in England and Wales: 2505735.