Thomson Reuters’ “Alternative Legal Services Providers (ALSP) 2025 Report,” the latest in a series of biennial reports by the Thomson Reuters Institute tracking the evolution and growth of the ALSP market, is now available for download. https://lnkd.in/d_dWRBPx
The 2025 edition of the ALSP market report reveals that the industry has expanded to an estimated $28.5 billion, marking an 18% growth compared to 2023. Currently, 57% of corporate law departments leverage ALSPs for various services, from flexible resourcing to e-discovery and litigation support. However, many in-house teams continue to adhere to traditional models.
Law firms increasingly integrate ALSPs into their service delivery, particularly those operating their affiliated ALSPs. Notably, firms with affiliated ALSPs are far more likely to engage with independent ALSPs—62% of such firms do so, compared to 23% of firms without affiliates.
For corporate law departments, the primary motivation for turning to independent ALSPs remains cost efficiency, as expense management remains a key pain point that ALSPs help address.
The 31-page report also explores Generative AI trends and highlights emerging market opportunities for law firms and ALSPs.
Stay tuned; we’ll explore key findings further over the next few weeks.
