There’s been something of an explosion in legal service related offerings for the in-house team to choose from.
LPOs have been around for 15+ years. The more recent flexible resourcing options are aplenty, either standalone (e.g. LOD/AdventBalance, Crowd&Co, Plexus) or law firm off-shoots (In Australia, Corrs’ Orbit, Minter Ellison’s Flex).
Outside the resourcing options, there are NewLaw offerings with the aim of delivering BigLaw quality without the BigLaw overhead (e.g. Hive Legal). There are the standardised documents online, which can be bought at a fraction of what they used to cost (e.g. LawPath, LegalVision), including some with a real focus on the start-up world. There are the alternative legal service providers, some with tailor made products that take the more process driven work from the in-house team so they can focus on delivering real value to their businesses (e.g. Riverview Law, Axiom). And there are literally dozens of start-ups in the legal space, each with the aim of solving a particular problem. Legal Geek recently circulated its ‘LawTech Startup Map’ identifying more than 40 legal tech start-ups in the UK alone. There is no sign of that slowing down.
Artificial intelligence, data analytics, document automation, next generation legal research and contract analysis engines – the list goes on. Keeping up with the choices available for the in-house team is a growing challenge. But there is good news. PERSUIT™ will help with that challenge. (Sorry. Couldn’t help myself).