PUBLISHED DATE : Feb 2020 | Pages : 182
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U.S. Alternative Legal Service Providers Market Size, Share, & Trends Analysis Report by Providers (New Law Companies, Captive LPOs, Staffing/Recruiting and Contract Lawyer Companies, and Others), Services (eDiscovery, Investigation and Litigation Support, Contract Management, Document Review and Coding, Regulatory Risk and Compliance, and Others), End-users (Law Firms and Corporations), and Geography (US), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2025
182 Pages
14 Tables
57 Charts
1 Regions
1 Countries
24 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (REVENUE) | USD 18.83 Billion (2025) |
| CAGR | 23% (2020-2025) |
| Base Year | 2019 |
| Forecast Year | 2020 - 2025 |
| Market Segments | Providers (New Law Companies, Captive LPOs, Staffing/Recruiting and Contract Lawyer Companies, and Others), Services (eDiscovery, Investigation and Litigation Support, Contract Management, Document Review and Coding, Regulatory Risk and Compliance, and Others), End-users (Law Firms and Corporations) |
| Geographic Analysis | United States |
The U.S. alternative legal service providers market size to reach USD 18.83 billion by 2025, growing at a CAGR of over 23% during the forecast period. The ALSP industry will grow at a staggering CAGR during the forecast period. The revenues for alternative legal services providers market in US is expected to cross revenues of over $18 billion by 2025. This represents a compound annual growth rate of over 23% during the forecast period. The impact is due to the intense business and regulatory changes driving the need for sweeping, company transformations, and creating expansive hurdles for compliance and legal functions. While the market for legal services is currently in the nascent stage, they are driving a future focus that is centered on the growth and advancement of end-to-end solutions.
Alternative legal service providers increasingly appear on the horizon – they are mostly less expensive than in-house counsel and are better attuned to help confront legal struggles. They can aid with augmenting business operations and are thus gaining popularity. While historically in-house departments acted as low-cost alternatives to traditional law firms, the cost of conducting business and climbing salaries of law professionals is looming threats for in-house law management, thereby increasing the popularity of alternative legal services.
The market research report includes detailed segmentation by
New Law firms have been the most disruptive players in the market, accounting for major work carried out in the document review and litigation spheres. There is a growing trend of building strong SLAs and use of performance metrics. With the growing openness of large law firms, there comes a growing affinity for a blended approach to deliver services. This approach has been increasingly adopted across firms over the last couple of years.
As law firms, big as well as small, look to reclaim their position in the market, they have been developing in-house alternative legal service providers that can afford them the ability to delve into more services.
The proliferation of the internet and smart device, along with the security and data privacy regulations are having their effect on the market. As the US is constantly refining eDiscovery laws via case rulings and the global privacy trend is having its bearing on American litigators, law teams are under more pressure to keep atop protection or privacy obligations. Hence, the US alternative legal service providers market is evolving at a rapid rate and faces possibilities of AI disruption.
As several organizations predict an uptick in litigations, the market for litigation and investigation support is expected to grow. Thomson Reuters accounts for a significant share of the market. They are constantly innovating their products to the changing realities of regulations and compliance demands. Businesses that venture in international trades are being threatened by trade wars, as a result, the environment is likely to be increasingly litigious.
A shift in focus from brand status and services to efficacy, providing high viability on investments. The demand for document review and legal research continues to grow significantly. Unlike law firms, corporates tend to employ one alternative legal service provider or partner with them along with a law firm.
There is a lesser likelihood of using different service provider. This is expected to create a demand for services, which can be “all things to all people.” This has led to the service providers operating in the market taking huge strides to provide high value instead.
Alternative legal service providers have essentially entered the landscape around 2000, evolving with spurts across two time periods: from 1999-2007 wherein outsourcers such as Axiom, Integreon, and Exigent made their way into the market. The market is witnessing a growing number of global law firms, which are imparting credibility to the concept of legal service delivery. With clients increasingly moving further afield in the Rogers Diffusion Curve, lawyers and law firms will account for a less dominant share.
Hybrids of law firms and legal industry and alternative staffing companies are expected to become a norm, complementing law firms. The contrast is likely to be in terms of AI or technologies which is expected to contribute to the differentiation of new law companies.
Market Segmentation by Providers
By Services
By End-users
US alternative legal service providers market size to reach USD 18.83 billion by 2025 growing at a CAGR of over 23% during the forecast period.
The ALSP industry will grow at a staggering CAGR during the forecast period. The revenues for alternative legal services providers market in US is expected to cross revenues of over $18 billion by 2025. This represents a compound annual growth rate of over 23% during the forecast period. The impact is due to the intense business and regulatory changes driving the need for sweeping, company transformations, and creating expansive hurdles for compliance and legal functions.
Allen & Overy, Axiom, Elevate, and UnitedLex are the key vendors
The following factors are likely to contribute to the growth of the alternative legal providers market during the forecast period:
Base Year: 2019
Forecast Year: 2020–2025
The study considers the present scenario of the US alternative legal service providers market and dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.
Key Vendors
Other Prominent Vendors
Market Segmentation by Providers
Market Segmentation by Services
Market Segmentation by End-users
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Service
4.4.2 Market Segmentation by End-user
4.4.3 Market Segmentation by Provider
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 State of the US Economy
7.2 success Factors
7.3 Trends in the Overall Legal Industry
8 Market Growth Enablers
8.1 Legal Departments in Overdrive
8.2 Expanding Legal Spends
8.3 Prevalence of Dissatisfaction with Law Firms
8.4 Intense Focus on Technology Adoption
9 Market Restraints
9.1 High Data Security and Privacy Concerns
9.2 Lack of Proper Articulation of Client Challenges
9.3 Misplaced Perceptions About Customer Value
9.4 Resistance and Lack of Reconfiguration to Alternative Legal Service Providers
10 Growth Opportunities & Trends
10.1 Focus Shifts to Delivery
10.2 Injection of Investments
10.3 The Rise of Self-service Functions
10.4 Blurring Lines between Traditional and Alternative
11 Market Landscape
11.1 Market Size & Forecast
11.2 Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 US Alternative Legal Service Providers Market by Service
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 e-Discovery
12.3.1 Market Size & Forecast
12.4 Investigation and Litigation Support
12.4.1 Market Size & Forecast
12.5 Contract Management
12.5.1 Market Size & Forecast
12.6 Document Review and Coding
12.6.1 Market Size & Forecast
12.7 Legal Research
12.7.1 Market Size & Forecast
12.8 Regulatory Risk and Compliance
12.8.1 Market Size & Forecast
12.9 Others
13 US Alternative Legal Service Providers Market by Provider
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 New Law Companies
13.3.1 Market Size & Forecast
13.4 Staffing and Contract Lawyer Companies
13.4.1 Market Size & Forecast
13.5 Captive LPOs
13.5.1 Market Size & Forecast
13.6 Others
13.6.1 Market Size & Forecast
14 US Alternative Legal Service Providers Market by End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Law Firms
14.3.1 Market Size & Forecast
14.3.1 Large Firms - Market Size & Forecast
14.3.2 Mid-sized Firms – Market Size & Forecast
14.3.3 Small Firms Market Size & Forecast
14.4 Corporations
14.4.1 Market Size & Forecast
15 Competitive Landscape
15.1 Competitive Scenario
16 Market Vendor Analysis
16.1 Market Ranking Analysis
17 Key Company Profiles
17.1 Allen & Overy
17.1.1 Business Overview
17.1.2 Major Product Offerings
17.1.3 Key Strengths
17.1.4 Key Strategies
17.1.5 Key Opportunity
17.2 Axiom
17.2.1 Business Overview
17.2.2 Major Service Offerings
17.2.3 Key Strengths
17.2.4 Key Strategies
17.2.5 Key Opportunity
17.3 Elevate
17.3.1 Business Overview
17.3.2 Major Service Offerings
17.3.3 Key Strength
17.3.4 Key Strategies
17.3.5 Key Opportunities
17.4 UnitedLex
17.4.1 Business Overview
17.4.2 Major Service Offerings
17.4.3 Key Strengths
17.4.4 Key Strategies
17.4.5 Key Opportunity
18 Other Prominent Vendors
18.1 BlackStone Discovery
18.1.1 Business Overview
18.1.2 Service Offerings
18.1.3 Key Strengths
18.1.4 Key Strategies
18.2 Clifford Chance
18.2.1 Business Overview
18.2.2 Service Offerings
18.2.3 Key Strengths
18.2.4 Key Strategies
18.3 Consilio
18.3.1 Business Overview
18.3.2 Service Offerings
18.3.3 Key Strength
18.3.4 Key Strategy
18.4 Driven
18.4.1 Business Overview
18.4.2 Service Offerings
18.4.3 Key Strengths
18.4.4 Key Strategies
18.5 Epiq
18.5.1 Business Overview
18.5.2 Service Offerings
18.5.3 Key Strengths
18.5.4 Key Strategies
18.6 Everlaw
18.6.1 Business Overview
18.6.2 Product Offerings
18.6.3 Key Strengths
18.6.4 Key Strategies
18.7 Exigent
18.7.1 Business Overview
18.7.2 Service Offerings
18.7.3 Key Strengths
18.7.4 Key Strategy
18.8 Greenberg Traurig
18.8.1 Business Overview
18.8.2 Service Offerings
18.8.3 Key Strengths
18.8.4 Key Strategies
18.9 Integreon
18.9.1 Business Overview
18.9.2 Service Offerings
18.9.3 Key Strengths
18.9.4 Key Strategies
18.10 KLDiscovery
18.10.1 Business Overview
18.10.2 Service Offerings
18.10.3 Key Strengths
18.10.4 Key Strategies
18.11 LegalZoom
18.11.1 Business Overview
18.11.2 Service Offerings
18.11.3 Key Strengths
18.11.4 Key Strategies
18.12 LOD (Lawyers on Demand)
18.12.1 Business Overview
18.12.2 Service Offerings
18.12.3 Key Strengths
18.12.4 Key Strategies
18.13 Mindcrest
18.13.1 Business Overview
18.13.2 Service Offerings
18.13.3 Key Strengths
18.13.4 Key Strategies
18.14 Reed Smith
18.14.1 Business Overview
18.14.2 Service Offerings
18.14.3 Key Strengths
18.14.4 Key Strategies
18.15 Legility
18.15.1 Business Overview
18.15.2 Service Offerings
18.15.3 Key Strengths
18.15.4 Key Strategies
18.16 Lumen Legal
18.16.1 Business Overview
18.16.2 Service Offerings
18.16.3 Key Strengths
18.16.4 Key Strategies
18.17 Morae Global
18.17.1 Business Overview
18.17.2 Service Offerings
18.17.3 Key Strength
18.17.4 Key Strategy
18.18 Orrick
18.18.1 Business Overview
18.18.2 Product Offerings
18.18.3 Key Strengths
18.18.4 Key Strategies
18.19 QuisLex
18.19.1 Business Overview
18.19.2 Service Offerings
18.19.3 Key Strengths
18.19.4 Key Strategies
18.20 Thomson Reuters
18.20.1 Business Overview
18.20.2 Product and Service Offerings
18.20.3 Key Strengths
18.20.4 Key Strategies
19 Report Summary
19.1 Key Takeaways
19.2 Strategic Recommendations
20 Quantitative Summary
20.1 US Alternative Legal Service Providers Market by Service
20.2 US Alternative Legal Service Providers Market by Provider
20.3 US Alternative Legal Service Providers Market by End-User
21 Appendix
21.1 Abbreviations
List Of Exhibits
Exhibit 1 Segmentation of Alternative Legal Service Providers Market in US
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Overview of the Alternative Legal Service Providers Market
Exhibit 4 Innovations Sought from Law Firms by Priority 2019
Exhibit 5 Impact of Legal Departments in Overdrive
Exhibit 6 Factors Negatively Affecting Legal Functions 2019
Exhibit 7 Impact of Expanding Legal Spends
Exhibit 8 Overview of Legal Spends 2019
Exhibit 9 Legal Services Market in the US by Category 2019 and 2020 ($ billion)
Exhibit 10 Impact of Prevalence of Dissatisfaction with Law Firms
Exhibit 11 Impact of Intense Focus on Technology Adoption
Exhibit 12 Statistics on Interest in Technology and its Adoption in Legal Service Delivery 2018
Exhibit 13 Impact of High Data Security and Privacy Concerns
Exhibit 14 Statistics on Security Concerns 2018 & 2019
Exhibit 15 Impact of Lack of Proper Articulation of Client Challenges
Exhibit 16 Impact of Misplaced Perceptions About Customer Value
Exhibit 17 Impact of Resistance and Lack of Reconfiguration to Alternative Legal Service Providers
Exhibit 18 Impact of Focus Shifts to Delivery
Exhibit 19 Impact of Injection of Investments
Exhibit 20 Impact of The Rise of Self-service Functions
Exhibit 21 Impact of Blurring Lines between Traditional and Alternative
Exhibit 22 Alternative Legal Service Providers Market in US 2019–2025 ($ million)
Exhibit 23 Five Force Analysis 2019
Exhibit 24 Incremental Growth by Service 2019–2025
Exhibit 25 US Alternative Legal Service Providers Market by Service ($ million)
Exhibit 26 Market in US by Service 2019 & 2025 (% share)
Exhibit 27 US Alternative Legal Service Providers Market Growth Comparison by Product 2019–2025
Exhibit 28 Market by eDiscovery 2019–2025 ($ million)
Exhibit 29 Estimated Litigation Spending Growth in US by Segment 2020
Exhibit 30 Market by Litigation and Investigation Support 2019–2025 ($ million)
Exhibit 31 Market by Contract Management in US 2019–2025 ($ million)
Exhibit 32 Market by Document Review and Coding 2019–2025 ($ million)
Exhibit 33 Market by Legal Research in US 2019–2025 ($ million)
Exhibit 34 Market by Regulatory Risk and Compliance in US 2019–2025 ($ million)
Exhibit 35 Market by Others in US 2019–2025 ($ million)
Exhibit 36 Incremental Growth by Provider 2019–2025
Exhibit 37 US Alternative Legal Service Providers Market by Provider 2019−2025 ($ million)
Exhibit 38 Market in US by Provider 2019 and 2025 (% share)
Exhibit 39 US Alternative Legal Service Providers Market in US - Comparison by End-user 2019-2025 (% share)
Exhibit 40 Market in US by New Law Companies 2019–2025 ($ million)
Exhibit 41 Alternative Staffing Strategies Employed by Law Firms in 2019
Exhibit 42 Market in US by Staffing and Contract Lawyer Companies 2019–2025 ($ million)
Exhibit 43 Market in US by Captive LPOs 2019–2025 ($ million)
Exhibit 44 Market in US by Others 2019–2025 ($ million)
Exhibit 45 Incremental Growth by End-User 2019–2025
Exhibit 46 US Alternative Legal Service Providers Market by End-User 2019-2025 ($ million)
Exhibit 47 Market in US by End-users 2019 and 2025 (% share)
Exhibit 48 Market in US – Comparison by End-user 2019-2025
Exhibit 49 Market in US by Law Firms 2019–2025 ($ million)
Exhibit 50 Market in US by Large Law Firms 2019–2025 ($ million)
Exhibit 51 Large Law Firms Employing Alternative Legal Service Providers for Top Services 2019 (% share)
Exhibit 52 Market in US by Mid-sized Firms 2019–2025 ($ million)
Exhibit 53 % of Mid-sized Law Firms Employing Alternative legal service providers for Top Services 2019
Exhibit 54 Market in US by Small Law Firms 2019–2025 ($ million)
Exhibit 55 % of Small Law Firms Employing Alternative legal service providers for Top Services 2019
Exhibit 56 Legal Department Statistics 2018-2019
Exhibit 57 Market in US by Corporations 2019–2025 ($ million)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2019
Table 3 Select Current and Emerging Legal Technologies 2019
Table 4 Market Ranking Analysis 2019
Table 5 Allen & Overy: Service Offerings
Table 6 Axiom: Service Offerings
Table 7 Elevate: Service Offerings
Table 8 UnitedLex: Service Offerings
Table 9 Alternative Legal Service Providers Market in US by Service ($ million)
Table 10 Market in US by Service (%)
Table 11 Alternative Legal Service Providers Market in US by Provider ($ million)
Table 12 Market in US by Provider (%)
Table 13 Alternative Legal Service Providers Market in US by End-User ($ million)
Table 14 Market in US by End-user (%)
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