“We offer clients flat fees and other alternative fee arrangements to give them full transparency when it comes to budgets, timelines, and our services,”said Farmakis.

The Law.com article points out that, in many instances, captive ALSPs charge higher fees. According to Farmakis and Rile,  fueling those higher prices is a law firm billing model that hinders a captive ALSP from reaching peak efficiency and truly slashing prices. For firms that are tied to a traditional pricing model, it’s difficult to transfer those hours to the ALSP model because under that model those hours get billed at a significantly lower rate.”

“There’s more value for the client, but less margin for the firm. Being unable to break from this conventional firm billing model and mindset can inhibit a captive ALSP’s ability to match an independent vendor’s pricing,” Farmakis said. “I think the independent ALSPs have performed better than the captive ALSPs because they’re singularly focused on that value proposition and don’t have that inherent conflict.”

Click here to read more of Solvaire’s commentary, as well as hear from other legal leaders on the captive ALSP pricing topic.

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Today, in order to properly reflect our expansive diligence, discovery, and document capabilities and services within the Alternative Legal Services Provider space, we have unveiled our “new and improved” online presence at www.solvaire.com. The new website provides access to our comprehensive service offerings, the talented and growing Solvaire Team, a timeline and track record of our service delivery and client projects dating back to the late 1990s, and examples of successful diligence, discovery, and document projects within our case studies and testimonials pages. Solvaire Technologies has also enhanced its LinkedIn profile and presence.

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