Sourcing & Catgeories Content

Cutting BigLaw Down to Size: New Alternatives for Legal Services Procurement (Part 1)

A number of unwelcome trends over the past decade have put large law firms on the chopping block. Among these has been the increasing involvement of procurement in managing legal services, along with the emergence of a range attractive alternatives to traditional full-service firms. While this has been a nightmare for the firms that constitute “BigLaw,” it is a shared opportunity for legal services procurement and for emerging alternative legal services providers. In Part 1 of this two-part series, we focus on BigLaw’s challenges, changing corporate buying behaviors and the rise of procurement in legal services sourcing and spend management.