Business Talent Group Sponsored Article
The Biggest Benefit of On-Demand Talent Is Growth, Not Cost Containment

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By now, most procurement leaders have heard about the high-end gig economy—and how freelance knowledge workers can help them steer complex, strategic initiatives on a project basis. The companies that have grown up to serve this new ecosystem, Business Talent Group included, often point to things like cost-efficiency when making a case for on-demand talent. Freelance knowledge workers carry the pedigree of top consulting firms without the overhead, goes this argument. It stands to reason they can take on the same work for substantially less money. But the biggest benefit to on-demand talent isn’t cost containment, in my view. It’s capturing scarce talent, moving more nimbly, and positioning your company for growth in fast-changing markets.

Cutting BigLaw Down to Size: New Alternatives for Legal Services Procurement (Part 2)

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While it has been said that the wheels of justice turn slowly but exceedingly fine, the process may be accelerating in the procurement of legal services. In Part 1 of this series, we discussed how monolithic, traditional BigLaw firms are being challenged to radically adapt by disruptive economic forces, the ascendance of legal procurement in enterprises and, last but not least, by the growth in a broad range of alternative legal services providers. But more important, as we noted in Part 1, BigLaw’s nightmare is also a shared opportunity for legal services procurement and for emerging alternative legal services providers. According to some industry observers, we are witnessing an ongoing paradigm shift from BigLaw to what is being dubbed NewLaw. In Part 2 of this series, we provide an introduction to the increasingly important, complex and rapidly evolving NewLaw world of non-traditional/alternative legal services providers (ALSPs).

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