Alexius – Meeting the Demands by Business for Affordable Legal Services
Deloitte’s June 2016 research study on “Future Trends for Legal Services” confirms that customers are neither pleased with, nor tethered to, the incumbent law firm partnership model. They are looking for alternatives and are increasingly viewing those alternatives as an imperative rather than an option. Deloitte’s findings reveal that demand for legal services is growing, purchasing patterns are changing, demand for non-traditional legal services is increasing and legal expertise alone is insufficient; clients want it combined with industry, commercial, and IT expertise. This explains why clients are increasingly “voting with their feet” and looking beyond established law firms to outsource work or, in some instances, to collaborate with.
Formed in November 2013, the company was the brainchild of seasoned legal and financial principals who had been significant purchasers and consumers of legal services and frustrated by the lack of value, billing predictability, and waste that is endemic among most large and medium-sized law firms. Similar approaches have been proven successful in the legal arena, but the most established players only offer these services to large, Fortune 500 companies. The goal of the Alexius team is to offer a similar value proposition to the many small to mid-sized companies that have limited or no options when it comes to alternative legal service providers.
“We knew we could transform the legal landscape by adopting the proven value delivery method of 'managed services,' so prevalent in IT, accounting, customer service and operations management, in order to provide higher quality legal services at a much-reduced cost.” -Kevin Hein, Chief Development and Strategy Officer, Alexius.
Buyers have changed the rules of engagement - literally and figuratively - for procuring legal services, which has affected the delivery of legal services, once based exclusively on selling legal expertise by the hour. Now, legal delivery involves legal expertise, technology, and business process. Law firms have been slow to adapt to IT and process, and they are starting to feel the consequences by loosing market share alternative legal service providers such as Axiom Law, Vista Law and Alexius.
“The Deloitte survey shines a light on where legal delivery is headed. Demand for services is robust, but satisfaction with the incumbent delivery model is low. This disconnect underscores the opportunity for disruption. Who will prevail? Might be wise to follow the money.” - Mark A. Cohen, CEO of Legalmosaic and Professor of Law at Georgetown University Law Center.
About Alexius, LLC.
Alexius is a managed legal services company that assists companies with their operational compliance issues by leveraging proficiencies in project assessment, staffing, management and technology. The company is not a law firm but a high-value resource delivering legal solutions to executive management and the in-house legal department. (www.alexius.co)
For more information please contact:
1509 York Street, Suite 300
Denver, CO 80206
Alexius, LLC. is a Denver-based alternative legal services provider that is changing the legal landscape in Colorado and around the country by offering small-to-mid size companies predictable and affordable legal services through a managed services delivery model.