U.S. Alternative Legal Service Providers Market - Industry Outlook & Forecast 2023-2028

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THE U.S. ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET WAS VALUED AT USD 7.37 BILLION IN 2022 AND IS EXPECTED TO REACH USD 23.04 BILLION BY 2028, GROWING AT A CAGR OF 20.91% DURING THE FORECAST PERIOD.

The U.S. Alternative Legal Service Providers (ALSPs) Market Size, Share, & Trends Analysis Report By

  • Service: Investigation and Litigation Support, eDiscovery, Contract Management, Document Review and Coding, Legal Research, Regulatory Risk and Compliance, and Others
  • Provider: New Law Companies, Staffing/Recruiting and Contract Lawyer, Companies, Captive LPOs, and Other Providers
  • End-User: Law Firms (Large Firms, Mid-Sized Firms, and Small Firms) and Corporations

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028

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U.S. ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2028)USD 23.04 Billion
Market Size (2022)USD 7.37 Billion
CAGR (2022-2028)20.91%
Base Year2022
Forecast Year2023-2028
Market SegmentsService, Provider, and End-user
Geographic AnalysisUnited States
KEY VENDORSAllen & Overy, Axiom Law, Elevate Services, and UnitedLex
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MARKET ANALYSIS

The U.S. alternative legal service providers market size was valued at USD 7.37 billion in 2022 and is expected to reach USD 23.04 billion by 2028, growing at a CAGR of 20.91% during the forecast period. Alternative legal service providers are organizations that offer legal services outside of the traditional law firm model. ALSPs play a crucial role in the legal industry. They offer to counsel corporations and law firms with low cost and less time than traditional law firms. People prefer alternative legal service providers (ALSPs) for low-risk and high-volume tasks. The term “Alternative” basically represents a substitute for traditional service providers, i.e., recruiting an attorney at a law firm. U.S. alternative legal service providers market is challenging the dominant traditional law firms market and is eating up the chunk of work that went directly to law firms. ALSPs are not only treated as an alternative these days and are portrayed as a class of highly skilled professionals chosen for high-volume tasks and to get the legal work done smoothly in less time.

Alternative legal service providers leverage low overheads and technology to offer their services with added advantages, i.e., efficiency at a low cost, simplicity, speed, flexibility, and a strong client focus. These businesses typically pick up and enhance legal processes to improve performance, leading to new service categories emerging over the years. Alternative legal service providers do not operate as law firms but as legal services firms. Apart from performing high-volume tasks, the U.S. alternative legal service providers market provides key functions like financial management, client engagement, strategic planning, knowledge management, leveraging technology and data, etc.

STATE OF THE U.S. ECONOMY

The state of the U.S. economy can help determine the growth of the alternative legal service providers market. The economy in the near future appears to be a mixed bag. On one side, looming recession & geopolitical issues, and on the other side COVID-19 is expected to impact how in-house lawyers manage their teams and accommodate their budgets in a cost-constrained environment. However, past performances are a window into how the U.S. alternative legal service providers market could pan out.

IMPACT OF COVID-19
The impact of the COVID-19 pandemic is propelling the desire among clients for ALSPs to deliver solutions within less time and at a low cost. The pandemic has the companies plunged into alternative legal service providers. Automation, cloud technology, and the adoption of AI emerge as drivers in the U.S. alternative legal service providers market during COVID-19. 

IMPACT OF RECESSION
The recession is expected to be an agitator of growth for alternative legal service providers. As the next recession is on the prediction charts, its effect on the legal industry largely depends on the vendors’ offerings and attributes. Their performance may be forecasted considering the industry’s buying and selling trends. Digitally forward legal providers are more likely to be able to perform better during the period.

SUCCESS FACTORS

Value
Creating value and value propositions are central to the new age legal service delivery model. It typically depends on how the resources, pricing, finances, and investment are combined in the model. Models crafted to offer a portfolio variety at flexible and fixed prices with services delivered disintegrated and automated are likely to see success in the market.

Creating Agility
Agile workflow processes can be the key between the success and failure of alternative legal service providers, backed by diverse human resources. Ideally, they include junior lawyers, partners, professionals, paralegals, technologists, and technicians is essential to optimize cost and accelerate service delivery.

MARKET TRENDS & OPPORTUNITIES

Injection of Investments
There has been a wave of funding just as alternative legal service provider operators become more innovative and technologically savvy, drawing recognition for their value-added editions of the traditional legal model from legal buyers and clients alike. Further, investors are increasingly becoming aware of the impediments put in place by lawyers, resulting in division and shunned growth. As a result, the market has come far from being a young industry that witnessed transaction restrictions and has become the next ‘new thing’ powering the legal industry forward. Moreover, the growth in the U.S. alternative legal service providers market has unraveled a slew of private equity investments.

Adoption of Artificial Intelligence & Cloud Technology
Adopting AI and cloud technology will enable ALSPs to work remotely and make the legal processes easy and smooth. Law firms benefit from adopting AI to produce highly standardized documents like robotic process automation and confidential agreements. The advent of cloud technology allows applications to run smoothly on third-party servers without extensive in-house storage. ALSPs are investing in cloud technology, AI solutions, and cybersecurity, as these will make their work easy.

INDUSTRY RESTRAINTS

Raised Data Security & Privacy Concerns
The very nature of the law industry means it is under significant threat from security and privacy issues. Given that law, companies have access to huge volumes of IP and other confidential corporate/client information that could constitute trade secrets, insider information on M&As, personally identifiable data, approaches to litigation, and other privileged information, and handling significant funds. Such factors make Law firms highly prone to breaches. Negligence of employees and external threats from foreign governments or competitors are some of the key risks that can lead to stolen information or disrupted legal functions.

SEGMENTATION INSIGHTS

INSIGHTS BY SERVICE
The U.S. alternative legal service providers (ALSPs) market by service segment is dominated by investigation and litigation support and was valued at USD 1.54 billion in 2022. The trade wars are threatening businesses that have ventures in international trade, others are fearing the possibilities of another economic downturn, and as a result, the environment is likely to be increasingly litigious. Effective preventative and support measures are being put in place progressively more, such as early case evaluation/ resolution and expectations to increase in-house legal team sizes. Furthermore, the nature of litigation has changed owing to the globalization of the world economy, the advancement of technology, involvement of foreign companies in US litigation has grown, leading to a scenario marked by more complex litigations.

eDiscovery is projected to eat some share of the investigation & litigation support services, dominate the U.S. alternative legal service providers (ALSPs) market during the forecast period, and witness a CAGR of around 23%. As the U.S. is continually refining eDiscovery laws via case rulings and the global privacy trend is bearing on American litigators, it has put legal teams under more pressure to keep atop protection or privacy obligations. Also, data review software engrained in predictive coding has become a key to eDiscovery legal teams to speedily and accurately review large data sets.

INSIGHTS BY PROVIDER
New law companies are likely to drive the growth of the U.S. alternative legal service providers market as they are the highest revenue generator. The New Law companies segment captured around 77% of the market share in 2022 and is expected to grow a CAGR of around 21% from 2022-2028. New Law firms or the new age independent LPOs have been the most disruptive players in the market, accounting for most of the work done in document review and litigation. They found relevance from the clients that could research themselves but required assistance in terms of execution, paving the way for law companies that were tightly scoped in terms of services and largely supported by technology and tailored talent.

Staffing & Contract Lawyer Companies were the second largest revenue generator in the U.S. alternative legal service providers market, holding a share of over 10% in 2022. Alternative legal service providers are redefining the legal industry beyond tech, processes, and staffing. With these providers welcoming the gig economy, which has paved the way for flexible hours, companies like LawFlex are increasingly becoming the source for new-age lawyers and legal professionals as the overall industry looks to bring in widely skilled lawyers.

INSIGHTS BY END-USER
The U.S. alternative legal service providers market by end-users segment into law firms and corporations. Law firms dominate the end-user market segment by holding around 60% share in 2022. Law firms use ALSPs to reduce costs, improve productivity for high-volume tasks, and use these in areas where clients are pressured to cost-cutting and deliver services effectively. These services are used mostly for document review and eDiscovery services. The Law Firms segment is further segmented into three types, under which the large law firms dominate the market with a share of over 43% in 2022. However, mid-size law firms will likely witness a higher growth rate in the  US alternative legal service providers market during the forecast period.

The U.S. alternative legal service providers market by corporations is projected to grow at a CAGR of 19.61% during the forecast period. Corporations are focusing on reducing costs as their motive is to outsource services to ALSPs. Over the last several years, corporate legal departments have started looking at legal operations from a new perspective, thanks to consistent overbilling, unremitting violation of panel contracts, and lack of comprehension technology. Further, corporate law departments are increasingly becoming aware that simply adopting technology isn’t helpful and requires a legal operations team that can properly use the technology and drive efficiency. As a result, corporations require more help than ever in everything from contract issues to IP rights and view Alternative legal service providers as less expensive and better streamlined to handle them.

COMPETITIVE LANDSCAPE

The U.S. alternative legal service providers market is witnessing a growing number of international law firms crediting the concept of legal service delivery. With innovations in legal service offerings, ALSPs are getting opted for as these services are procured where traditional operational models are outdated or fall short. Vendors need to update their services to suit modern-day needs. Legal organizations such as Clifford Chance and Allen & Overy are reimagining and reinvigorating legal service delivery; hence they are likely to save themselves from acquisitions from large and dominating legal bodies. The disintermediation of legal work influences alternative legal service providers' success. There will always be some measure of legal work that entails trained sophisticated lawyers with the right skill sets to carry out some of the jobs and can’t be siphoned off. With clients increasingly moving further afield in the Rogers Diffusion Curve, lawyers and law firms will account for a less dominant share.

SNAPSHOT

The U.S. alternative legal service providers (ALSPs) market size is expected to grow at a CAGR of approximately 20.91% from 2022 to 2028.

The following factors are likely to contribute to the growth of the U.S. alternative legal service providers market during the forecast period:

  • Legal Departments in Overdrive
  • Increasing Legal Spending
  • Prevalence of Dissatisfaction with Law Firms
  • Intensifying Focus on Technology Adoption

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the U.S. alternative legal service providers (ALSPs) market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • Allen & Overy
    • Business Overview
    • Service Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Axiom Law
  • Elevate Services
  • UnitedLex

Other Prominent Vendors

  • Clifford Chance
    • Business Overview
    • Service Offerings
    • Key Strategies
    • Key Strengths
  • Consilio
  • Epiq Systems
  • Everlaw
  • Exigent
  • Greenberg Traurig
  • Integreon
  • KLDiscovery
  • LegalZoom
  • Lawyers On Demand
  • Mindcrest
  • Reed Smith
  • Lumen Technologies
  • Morae
  • Orrick Herrington & Sutcliffe
  • QuisLex
  • Thomson Reuters

Segmentation by Service

  • Investigation and Litigation Support
  • eDiscovery
  • Contract Management
  • Document Review and Coding
  • Legal Research
  • Regulatory Risk and Compliance
  • Others

Segmentation by Provider

  • New Law Companies
  • Staffing/Recruiting and Contract Lawyer Companies
  • Captive LPOs
  • Other Providers

Segmentation by End-User

  • Law Firms
    • Large Firms
    • Mid-Sized Firms
    • Small Firms
  • Corporations

Frequently Asked Questions

How big is the U.S. alternative legal service providers market?

The U.S. alternative legal service providers market size was valued at USD 7.37 billion in 2022 and is expected to reach USD 23.04 billion by 2028.

What is the growth rate of the U.S. alternative legal service providers market?

The U.S. alternative legal service providers market share is growing at a CAGR of 20.91% from 2022-2028.

Who are the key players in the U.S. alternative legal service providers market?

The key players in the U.S. alternative legal service providers market are Allen & Overy, Axiom Law, Elevate Services, and UnitedLex.

What are the growing trends in the U.S. alternative legal service providers market?

Focus shift to delivery, injection of investments, a rise of self-service functions, blurring lines between traditional and alternative, and adoption of artificial intelligence and cloud technology are trends in the U.S. alternative legal service providers market.

Which service segment dominates the U.S. alternative legal service providers market?

The investigation and litigation service segment dominated the U.S. alternative legal service providers market and was valued at USD 1.54 billion in 2022.

EXHIBIT 1 SEGMENTATION OF US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 OVERVIEW OF US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET

EXHIBIT 4 SERVICES OFFERED BY ALTERNATIVE LEGAL SERVICE PROVIDERS

EXHIBIT 5 POST-COVID-19 TRENDS IN US ALSPS MARKET

EXHIBIT 6 INNOVATIONS SOUGHT FROM LAW FIRMS BY PRIORITY 2022

EXHIBIT 7 TRENDS IN US LEGAL INDUSTRY 2022

EXHIBIT 8 IMPACT OF SHIFT OF FOCUS TO DELIVERY

EXHIBIT 9 IMPACT OF INJECTION OF INVESTMENTS

EXHIBIT 10 IMPACT OF RISE OF SELF-SERVICE FUNCTIONS

EXHIBIT 11 IMPACT OF BLURRING LINES BETWEEN TRADITIONAL AND ALTERNATIVE LAW FIRMS

EXHIBIT 12 IMPACT OF ADOPTION OF AI & CLOUD TECHNOLOGIES

EXHIBIT 13 IMPACT OF LEGAL DEPARTMENTS IN OVERDRIVE

EXHIBIT 14 FACTORS NEGATIVELY AFFECTING LEGAL FUNCTIONS

EXHIBIT 15 IMPACT OF SURGE IN LEGAL SPENDING

EXHIBIT 16 IMPACT OF HIGH DISSATISFACTION WITH LAW FIRMS

EXHIBIT 17 IMPACT OF INTENSIFYING FOCUS ON TECHNOLOGY ADOPTION

EXHIBIT 18 EMERGING TECHNOLOGICAL TRENDS IN LEGAL INDUSTRY

EXHIBIT 19 IMPACT OF DATA SECURITY AND PRIVACY CONCERNS

EXHIBIT 20 IMPACT OF LACK OF PROPER ARTICULATION OF CLIENT CHALLENGES

EXHIBIT 21 IMPACT OF MISPLACED PERCEPTIONS ABOUT CUSTOMER VALUE

EXHIBIT 22 IMPACT OF RESISTANCE AND LACK OF RECONFIGURATION TO ALSPS

EXHIBIT 23 IMPACT OF GREAT RESIGNATION IN LEGAL INDUSTRY

EXHIBIT 24 MERGERS & ACQUISITIONS BY VENDORS 2020-2022

EXHIBIT 25 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET 2022-2028 ($ BILLION)

EXHIBIT 26 FIVE FORCES ANALYSIS 2022

EXHIBIT 27 INCREMENTAL GROWTH BY SERVICE 2022 & 2028

EXHIBIT 28 US ALTERNATIVE LEGAL SERVICE PROVIDERS BY SERVICE ($ BILLION)

EXHIBIT 29 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY EDISCOVERY 2022–2028 ($ BILLION)

EXHIBIT 30 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY INVESTIGATION AND LITIGATION SUPPORT 2022–2028 ($ BILLION)

EXHIBIT 31 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY CONTRACT MANAGEMENT 2020–2028 ($ BILLION)

EXHIBIT 32 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY DOCUMENT REVIEW AND CODING 2022–2028 ($ BILLION)

EXHIBIT 33 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY LEGAL RESEARCH 2022–2028 ($ BILLION)

EXHIBIT 34 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY REGULATORY RISK AND COMPLIANCE 2022–2028 ($ BILLION)

EXHIBIT 35 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY OTHER SERVICES 2022–2028 ($ BILLION)

EXHIBIT 36 INCREMENTAL GROWTH BY PROVIDER 2022 & 2028

EXHIBIT 37 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY PROVIDER 2022–2028 ($ BILLION)

EXHIBIT 38 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY PROVIDER 2022 AND 2028 (% SHARE)

EXHIBIT 39 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY NEW LAW COMPANIES 2022–2028 ($ BILLION)

EXHIBIT 40 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY STAFFING AND CONTRACT LAWYER COMPANIES 2022–2028 ($ BILLION)

EXHIBIT 41 REASONS FOR CHOOSING CAPTIVE LPOS

EXHIBIT 42 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY CAPTIVE LPOS 2022–2028 ($ BILLION)

EXHIBIT 43 UNITEDLEX PARTNERSHIPS 2018–2022

EXHIBIT 44 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY OTHER PROVIDERS 2022–2028 ($ BILLION)

EXHIBIT 45 INCREMENTAL GROWTH BY END USER 2022 & 2028

EXHIBIT 46 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY END USER 2022–2028 ($ BILLION)

EXHIBIT 47 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY LAW FIRMS 2022–2028 ($ BILLION)

EXHIBIT 48 FACTORS DRIVING USE OF ALSP SERVICES BY LAW FIRMS

EXHIBIT 49 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY LARGE LAW FIRMS 2022–2028 ($ BILLION)

EXHIBIT 50 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY MID-SIZED FIRMS 2022–2028 ($ BILLION)

EXHIBIT 51 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY SMALL FIRMS 2022–2028 ($ BILLION)

EXHIBIT 52 FACTORS DRIVING USE OF ALSP SERVICES BY CORPORATIONS

EXHIBIT 53 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY CORPORATIONS 2022–2028 ($ BILLION)

 

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015−2022

TABLE 3 EMERGING LEGAL TECHNOLOGIES 2022

TABLE 4 VENDORS PROFILE: LEGAL SERVICE DELIVERY MODEL

TABLE 5 ALLEN & OVERY:  MAJOR SERVICE OFFERINGS

TABLE 6 AXIOM LAW:  MAJOR SERVICE OFFERINGS

TABLE 7 ELEVATE SERVICES:  MAJOR SERVICE OFFERINGS

TABLE 8 UNITEDLEX:  MAJOR SERVICE OFFERINGS

TABLE 9 CLIFFORD CHANCE: MAJOR SERVICE OFFERINGS

TABLE 10 CONSILIO: MAJOR SERVICE OFFERINGS

TABLE 11 EPIQ SYSTEMS: MAJOR SERVICE OFFERINGS

TABLE 12 EVERLAW: MAJOR SERVICE OFFERINGS

TABLE 13 EXIGENT: MAJOR SERVICE OFFERINGS

TABLE 14 GREENBERG TRAURIG: MAJOR SERVICE OFFERINGS

TABLE 15 INTEGREON: MAJOR SERVICE OFFERINGS

TABLE 16 KLDISCOVERY: MAJOR SERVICE OFFERINGS

TABLE 17 LEGALZOOM: MAJOR SERVICE OFFERINGS

TABLE 18 LAWYERS ON DEMAND: MAJOR SERVICE OFFERINGS

TABLE 19 MINDCREST: MAJOR SERVICE OFFERINGS

TABLE 20 REED SMITH: MAJOR SERVICE OFFERINGS

TABLE 21 LUMEN TECHNOLOGIES: MAJOR SERVICE OFFERINGS

TABLE 22 MORAE: MAJOR SERVICE OFFERINGS

TABLE 23 ORRICK HERRINGTON & SUTCLIFFE: MAJOR SERVICE OFFERINGS

TABLE 24 QUISLEX: MAJOR SERVICE OFFERINGS

TABLE 25 THOMSON REUTERS: MAJOR SERVICE OFFERINGS

TABLE 26 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY SERVICE 2022–2028 ($ BILLION)

TABLE 27 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY SERVICE 2022–2028 (%)

TABLE 28 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY PROVIDER 2022–2028 ($ BILLION)

TABLE 29 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY PROVIDER 2022–2028 (% SHARE)

TABLE 30 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY END USER 2022–2028 ($ BILLION)

TABLE 31 US ALTERNATIVE LEGAL SERVICE PROVIDERS MARKET BY END-USER 2022–2028 (% SHARE)

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

4.3.1 MARKET SEGMENTATION BY SERVICE

4.3.2 MARKET SEGMENTATION BY END USER

4.3.3 MARKET SEGMENTATION BY PROVIDER

 

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

 

6 PREMIUM INSIGHTS

6.1 MARKET DEFINITION

6.2 REPORT OVERVIEW

6.3 STATE OF US ECONOMY

6.3.1 IMPACT OF COVID-19

6.3.2 IMPACT OF RECESSION

6.4 SUCCESS FACTORS

6.5 OPPORTUNITIES & CHALLENGE ANALYSIS

6.6 SEGMENT ANALYSIS

6.7 COMPETITIVE LANDSCAPE

 

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 STATE OF US ECONOMY

8.2.1 IMPACT OF COVID-19

8.2.2 IMPACT OF RECESSION

8.3 SUCCESS FACTORS

8.4 TRENDS IN US LEGAL INDUSTRY

 

9 MARKET OPPORTUNITIES & TRENDS

9.1 SHIFT OF FOCUS TO DELIVERY

9.2 INJECTION OF INVESTMENTS

9.3 RISE OF SELF-SERVICE FUNCTIONS

9.4 BLURRING LINES BETWEEN TRADITIONAL AND ALTERNATIVE LAW FIRMS

9.5 ADOPTION OF AI & CLOUD TECHNOLOGIES

 

10 MARKET GROWTH ENABLERS

10.1 LEGAL DEPARTMENTS IN OVERDRIVE

10.2 SURGE IN LEGAL SPENDING

10.3 HIGH DISSATISFACTION WITH LAW FIRMS

10.4 INTENSIFYING FOCUS ON TECHNOLOGY ADOPTION

 

11 MARKET RESTRAINTS

11.1 DATA SECURITY AND PRIVACY CONCERNS

11.2 LACK OF PROPER ARTICULATION OF CLIENT CHALLENGES

11.3 MISPLACED PERCEPTIONS ABOUT CUSTOMER VALUE

11.4 RESISTANCE AND LACK OF RECONFIGURATION TO ALSPS

11.5 GREAT RESIGNATION IN LEGAL INDUSTRY

 

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

 

13 SERVICE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 EDISCOVERY

13.3.1 MARKET OVERVIEW

13.4 INVESTIGATION AND LITIGATION SUPPORT

13.4.1 MARKET SIZE & FORECAST

13.5 CONTRACT MANAGEMENT

13.5.1 MARKET SIZE & FORECAST

13.6 DOCUMENT REVIEW AND CODING

13.6.1 MARKET SIZE & FORECAST

13.7 LEGAL RESEARCH

13.7.1 MARKET SIZE & FORECAST

13.8 REGULATORY RISK AND COMPLIANCE

13.8.1 MARKET SIZE & FORECAST

13.9 OTHER SERVICES

13.9.1 MARKET SIZE & FORECAST

 

14 PROVIDER

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 NEW LAW COMPANIES

14.3.1 MARKET SIZE & FORECAST

14.4 STAFFING AND CONTRACT LAWYER COMPANIES

14.4.1 MARKET SIZE & FORECAST

14.5 CAPTIVE LPOS

14.5.1 MARKET SIZE & FORECAST

14.6 OTHER PROVIDERS

14.6.1 MARKET SIZE & FORECAST

 

15 END USER

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 LAW FIRMS

15.3.1 MARKET SIZE & FORECAST

15.3.2 LARGE FIRMS: MARKET SIZE & FORECAST

15.3.3 MID-SIZED FIRMS: MARKET SIZE & FORECAST

15.3.4 SMALL FIRMS: MARKET SIZE & FORECAST

15.4 CORPORATIONS

15.4.1 MARKET SIZE & FORECAST

 

16 COMPETITIVE LANDSCAPE

16.1 COMPETITION OVERVIEW

 

17 KEY COMPANY PROFILES

17.1 ALLEN & OVERY

17.1.1 BUSINESS OVERVIEW

17.1.2 SERVICE OFFERINGS

17.1.3 KEY STRATEGIES

17.1.4 KEY STRENGTHS

17.1.5 KEY OPPORTUNITIES

17.2 AXIOM LAW

17.2.1 BUSINESS OVERVIEW

17.2.2 SERVICE OFFERINGS

17.2.3 KEY STRATEGIES

17.2.4 KEY STRENGTHS

17.2.5 KEY OPPORTUNITIES

17.3 ELEVATE SERVICES

17.3.1 BUSINESS OVERVIEW

17.3.2 SERVICE OFFERINGS

17.3.3 KEY STRATEGIES

17.3.4 KEY STRENGTHS

17.3.5 KEY OPPORTUNITIES

17.4 UNITEDLEX

17.4.1 BUSINESS OVERVIEW

17.4.2 SERVICE OFFERINGS

17.4.3 KEY STRATEGIES

17.4.4 KEY STRENGTHS

17.4.5 KEY OPPORTUNITIES

 

18 OTHER PROMINENT VENDORS

18.1 CLIFFORD CHANCE

18.1.1 BUSINESS OVERVIEW

18.1.2 SERVICE OFFERINGS

18.1.3 KEY STRATEGIES

18.1.4 KEY STRENGTHS

18.2 CONSILIO

18.2.1 BUSINESS OVERVIEW

18.2.2 SERVICE OFFERINGS

18.2.3 KEY STRATEGIES

18.2.4 KEY STRENGTHS

18.3 EPIQ SYSTEMS

18.3.1 BUSINESS OVERVIEW

18.3.2 SERVICE OFFERINGS

18.3.3 KEY STRATEGIES

18.3.4 KEY STRENGTHS

18.4 EVERLAW

18.4.1 BUSINESS OVERVIEW

18.4.2 SERVICE OFFERINGS

18.4.3 KEY STRATEGIES

18.4.4 KEY STRENGTHS

18.5 EXIGENT

18.5.1 BUSINESS OVERVIEW

18.5.2 SERVICE OFFERINGS

18.5.3 KEY STRATEGIES

18.5.4 KEY STRENGTHS

18.6 GREENBERG TRAURIG

18.6.1 BUSINESS OVERVIEW

18.6.2 SERVICE OFFERINGS

18.6.3 KEY STRATEGIES

18.6.4 KEY STRENGTHS

18.7 INTEGREON

18.7.1 BUSINESS OVERVIEW

18.7.2 SERVICE OFFERINGS

18.7.3 KEY STRATEGIES

18.7.4 KEY STRENGTHS

18.8 KLDISCOVERY

18.8.1 BUSINESS OVERVIEW

18.8.2 SERVICE OFFERINGS

18.8.3 KEY STRATEGIES

18.8.4 KEY STRENGTHS

18.9 LEGALZOOM

18.9.1 BUSINESS OVERVIEW

18.9.2 SERVICE OFFERINGS

18.9.3 KEY STRATEGIES

18.9.4 KEY STRENGTHS

18.10 LAWYERS ON DEMAND

18.10.1 BUSINESS OVERVIEW

18.10.2 SERVICE OFFERINGS

18.10.3 KEY STRATEGIES

18.10.4 KEY STRENGTHS

18.11 MINDCREST

18.11.1 BUSINESS OVERVIEW

18.11.2 SERVICE OFFERINGS

18.11.3 KEY STRATEGIES

18.11.4 KEY STRENGTHS

18.12 REED SMITH

18.12.1 BUSINESS OVERVIEW

18.12.2 SERVICE OFFERINGS

18.12.3 KEY STRATEGIES

18.12.4 KEY STRENGTHS

18.13 LUMEN TECHNOLOGIES

18.13.1 BUSINESS OVERVIEW

18.13.2 SERVICE OFFERINGS

18.13.3 KEY STRATEGIES

18.13.4 KEY STRENGTHS

18.14 MORAE

18.14.1 BUSINESS OVERVIEW

18.14.2 SERVICE OFFERINGS

18.14.3 KEY STRATEGIES

18.14.4 KEY STRENGTHS

18.15 ORRICK HERRINGTON & SUTCLIFFE

18.15.1 BUSINESS OVERVIEW

18.15.2 SERVICE OFFERINGS

18.15.3 KEY STRATEGIES

18.15.4 KEY STRENGTHS

18.16 QUISLEX

18.16.1 BUSINESS OVERVIEW

18.16.2 SERVICE OFFERINGS

18.16.3 KEY STRATEGIES

18.16.4 KEY STRENGTHS

18.17 THOMSON REUTERS

18.17.1 BUSINESS OVERVIEW

18.17.2 SERVICE OFFERINGS

18.17.3 KEY STRATEGIES

18.17.4 KEY STRENGTHS

 

19 REPORT SUMMARY

19.1 KEY TAKEAWAYS

19.2 STRATEGIC RECOMMENDATIONS

 

20 QUANTITATIVE SUMMARY

20.1 SERVICE

20.2 PROVIDER

20.3 END USER

 

21 APPENDIX

21.1 ABBREVIATIONS

 

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Frequently Asked Questions

How big is the U.S. alternative legal service providers market?

The U.S. alternative legal service providers market size was valued at USD 7.37 billion in 2022 and is expected to reach USD 23.04 billion by 2028.

What is the growth rate of the U.S. alternative legal service providers market?

The U.S. alternative legal service providers market share is growing at a CAGR of 20.91% from 2022-2028.

Who are the key players in the U.S. alternative legal service providers market?

The key players in the U.S. alternative legal service providers market are Allen & Overy, Axiom Law, Elevate Services, and UnitedLex.

What are the growing trends in the U.S. alternative legal service providers market?

Focus shift to delivery, injection of investments, a rise of self-service functions, blurring lines between traditional and alternative, and adoption of artificial intelligence and cloud technology are trends in the U.S. alternative legal service providers market.

Which service segment dominates the U.S. alternative legal service providers market?

The investigation and litigation service segment dominated the U.S. alternative legal service providers market and was valued at USD 1.54 billion in 2022.