Percipient LogoPercipient LogoPercipient LogoPercipient Logo
  • About
  • Services
  • Articles & Resources
  • Contact

How Much is Saved by Using Alternative Legal Service Providers (ALSP)? (Infographic)

February 4, 2021
image for article on ALSP value and savings

The oft-touted benefits of working with an ALSP (alternative legal service provider AKA law companies, legal services companies, etc.) are lower rates, specialization, and efficiencies. Because of these benefits, the use of ALSPs is growing.  Indeed, some predict a 25% growth in outsourced legal work and alternative legal service providers market share in the next five years.

 

We were curious to know the real value of using ALSPs. So we put our money where our mouths are and took a look at what we actually save our clients and customers.

 

We took a look at the work we did over an 18 month period for an insurance industry client for which we handle subpoena compliance and managed document review. The result: savings to the tune of almost $400,000.

 

Savings were realized not only from lower rates (and different types of rates) than those charged by other legal service providers, but efficiencies gained from specialization, technology expertise, and the use of documented, repeatable workflows and quality control measures.

 

Here is a handy infographic detailing the savings.

 

Percipient ALSP Savings Infographic Image

 

Share
Percipient Team
Percipient Team

Related posts

Image for Percipient Legal Ops workflow automation article
February 10, 2021

Building Legal Workflow Automation (Where to Start?)


Read more
Image for article on jBest-blogs-and-podcasts-for-inhouse-counsel
January 15, 2021

Best Blogs and Podcasts for In-House Counsel (Our Favorites Anyway)


Read more
Image of removing folder through use of ediscovery search terms
January 2, 2021

Big Legal Document Review? Don’t Forget Exclusion Search Terms


Read more
Percipient Logo

Learn

Articles & Resources

Technically Legal Podcast

Company

About

Services

Contact

Talk to Us
(c) Percipient, LLC – not a law firm and
not licensed to practice law in any jurisdiction.
Privacy Policy
Website construction by WorkSite, LLC