Thirty-five firms out of the Am Law 100 have launched captive alternative legal service providers, according to the NewLaw practice at Baretz+Brunelle.
NEW YORK — October 6, 2020 — While 35 firms out of the Am Law 100 have launched captive alternative legal service providers, a far smaller number of these new units are structured as separate businesses, according to a new report from legal advisory firm Baretz+Brunelle.
The company, which unveiled its own NewLaw consulting practice in January, described its report as the first comprehensive analysis of captive ALSPs in the Am Law 100 and Global 100. In total, the report looks at 48 captives belonging to the 123 firms in either ranking.
In spite of the fact that over one-third of Am Law 100 firms have launched these captive units, many of these entities are not widely known outside of their firms, Baretz+Brunelle NewLaw practice co-heads Brad Blickstein and Beatrice Seravello found while conducting their analysis.