About the Whitepaper
We review the current ALSP market, examining ALSPs’ evolving offering and their increased adoption, drawing on recent industry research and Johnson Hana’s own experience, to empower users of legal services to understand the “how, why, and when” of engaging ALSPs.
Key learnings & takeaways
The key findings of the Johnson Hana ALSP whitepaper encapsulates key trends, challenges, and growth dynamics within the ALSP landscape. The full whitepaper provides a deeper dive into the rich dataset, offering actionable insights for legal professionals navigating the transformative currents of the evolving legal services industry.
According to the Thomson Reuter report 2023, the ALSP market has experienced remarkable growth, reaching a substantial size of approximately $20.6 billion by the end of the fiscal year 2021, showcasing a 45% increase since the last report two years ago. Interviews with ALSPs reveal a collective expectation of a 24% average annual growth rate, reflecting a positive outlook and strong confidence in sustained expansion.
About the Authors
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