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Thomson Reuters (TR) recently released two reports on the state of the legal market, revealing a gradual but accelerating shift in the corporate legal market segment. The Alternative Legal Services Providers 2023 Report found that the ALSP market totaled approximately $20.6B by the end of the 2021 financial year, an increase of 45% since the preceding biennial report, and 145% since the initial Report in 2015. TR divides ALSP’s into three categories: independent law firms, legal process outsourcers, and legal technology companies.