In the post-COVID era of budget cuts and widespread layoffs, the opportunities for ALSP providers are growing. Legal departments are being squeezed more than ever, so new areas of cost savings must be explored to meet budget targets.
Third-party subpoenas, law enforcement requests, garnishments, levies, liens, DSARs, AML due diligence and tracking are high-volume, repeatable legal/compliance tasks. They also are areas where companies can utilize ALSPs to reduce the costs of achieving compliance for these required processes. In this new age of efficiency, companies need to break out of the status quo and reconsider handling of repeatable processes.