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These service providers include attorneys, paralegals, and legal experts who seek to provide their clients with tailor-made solutions. ALSPs differ from traditional law firms in that they utilize software and technology to streamline contract management, document review, and legalresearch , which makes them faster and more effective.
Processes such as contract lifecycle management, legalresearch, eDiscovery, document review, data collection, reporting, and communication can benefit with the deployment of new age technologies including cloud-based document management system, eSignature capabilities, legal calendaring software, client portal communication software etc.
According to legal, outsource outlook 93% of legal departments already use a network of legal and compliance service providers to handle a wide range of tasks. With the expanding legal sector, the need to come up with flexible solutions like legal matter management is highly the need of the hour.
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