Dynasties protect their own turf. And not just in sports.
A surprising number of large law firms have already launched captive ALSPs, but they are not all alike. Some are quite mature, with a number of different service offerings. Some were built exclusively to support a specific partner or project. The Big 4 accounting firms and “traditional” alternative legal service providers are also now competitors. There’s a lot of opportunity out there, but staking out the right ground is critical.
Our research shows that with these captive ALSPs, the largest law firms are positioning themselves to regain control over a growing portion of today’s legal services market. That is, they are taking steps to protect their home court advantage—to a much greater degree than the market realizes.
- Serves as the first comprehensive analysis of captive ALSPs in the Am Law 100 (35%) and non-US Global 100 (57%).
- Provides a definition of captive ALSPs, a term that has been used inconsistently.
- Details the various services that captive ALSPs are providing to the market.
- Charts the history of captive ALSPs, demonstrating that they are mostly a recent development.
- Discusses the branding strategies and organizational structures used with captive ALSPs.