5 Ways ALSP Help Streamline Internal Workflows
As companies across various industries look for ways to increase process efficiencies and decrease costs, they are turning in growing numbers to outsourced solutions. “Alternative legal service provider” (“ALSP”) is a broad term encompassing legal process outsourcers (LPOs), “Big Four” accounting firm services, managed service providers, and contract and staffing services.
Using an ALSP offers a cost-effective way to manage legal work that was historically the domain of in-house legal teams or costly outside counsel engagements. Common tasks handled by ALSPs include due diligence, document review, contract management, eDiscovery, regulatory risk, compliance, and other legal services.
Organizations can leverage the experience and skills of ALSPs to streamline internal workflows in several ways:
- Technology Solutions. ALSPs utilize cloud-based technologies and tools designed to handle specific tasks more efficiently. As more organizations continue to work remotely, these tech solutions are now becoming commonplace. ALSPs can help seamlessly integrate them into the processes of internal teams, providing greater workflow efficiency.
- Allocation of Lean Resources. Working with an ALSP increases productivity by taking what could be onerous, time-consuming work off the shoulders of internal personnel, allowing internal teams to focus on strategic objectives. For example, if a corporation needs high-volume document review, choosing an ALSP to perform the work can streamline the process. The ALSP can complete the review quickly and efficiently without having to pull the internal team off their current focus.
- Organization-Wide Service. ALSPs, by design, have a wide variety of service offerings by specialized teams and can serve the entire organization. This can alleviate the need to find new providers for each task – thereby eliminating inefficiency, miscommunication, and duplication of effort.
- Reliable Coverage. Bringing an ALSP into a project allows organizations to complete large-scale tasks without the need to manage the workload of, or coverage by, internal teams. ALSPs will assign the correct size of team with the necessary legal specializations to ensure that projects are delivered on time. They will handle all resource allocation on a project (i.e., vacations, planned or unplanned leaves, illnesses, etc.) and eliminate the need for organizations to manage staffing fluctuations.
- Quality Standards. ALSPs are adept at managing tasks efficiently while meeting their organizational clients’ expectations for exceptional work with quality control and assurance built into the workflow. This cuts the time needed for internal review, freeing up internal resources.
As an alternative legal service provider, Baer Reed provides various business and legal services designed to create efficiency and streamline workflows for companies around the world. Contact us to learn more today!
- On October 20, 2020
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