The legal industry is fixated on distinguishing work delivered by lawyers and non-lawyers but in reality, clients just want effective solutions to their broad portfolio of work. Acritas created the US Alternative Legal Brand Index to complement its existing US Law Firm Brand Index which has been published annually for the last seven years, thereby responding to the increasing diversity of legal services providers that in-house law departments turn to to help them provide legal support to their organizations in the most effective and cost-efficient way.
The findings confirm senior in-house counsel are open to buying legal services from a widening range of providers in their drive to deliver the greatest possible value for their organizations. A growing number of companies are implementing technology enabled solutions to help access know-how and organize work, utilizing flexible and agile resources to fulfil fluctuating work volume and specialized expertise, or instructing professional services advisors who offer a holistic solution. This is the legal industry reality in 2018. The coming years will favor those firms or alternative providers most able to adapt and innovate in this new world.
Acritas’ US Alternative Legal Brand Index 2018 is compiled from analysis of an extract of data from the Sharplegal US survey 2017 dataset. All data is derived from 601 interviews with respondents, in $1 billion+ revenue organizations across the world, who have senior responsibility for buying legal services, 276 of whom told us about the alternative legal service providers they work with.
To hear more from Lizzy and Jo Summers, Director at Acritas, please watch our short video by clicking on the image above and download your copy of the Index table by completing the form on the left of this page.