Alacrity Law
Alacrity Law is a legal technology company based in London, United Kingdom, founded in 2016. The company specializes in providing consultancy and managed services to law firms and corporate legal departments of all sizes, utilizing a proprietary technology suite to enhance legal operations, in-house counsel services, consulting, legal technology, spend management, profitability, PEP growth, and managed services. Their cloud-based platform automates the legal instruction process, enabling clients to request and compare fee quotes from multiple law firms, thereby optimizing legal budgets and increasing transparency. Key features include progress reporting on ongoing matters, an 'early warning' system for potential scope changes that could lead to budget overruns, a dashboard delivering data insights and metrics on legal spend and firm performance, and a 360-degree feedback feature that allows clients to formally assess a law firm's performance post-transaction. The company is privately held and has a team size of 11-50 employees. The headquarters are located at 130 Wood Street, London EC2V 6DL, United Kingdom.
Product Overview
Alacrity Law is a consultancy and managed services provider specializing in enhancing the efficiency and effectiveness of law firm relationships for corporate legal departments. Founded in 2016 and headquartered in London, England, Alacrity Law offers a cloud-based platform that streamlines the management of external legal counsel by providing tools for transparent pricing, clear communication, and comprehensive analytics. Their services include matter selection, scope management, billing oversight, and performance analytics, all designed to foster accountability and control in legal operations. Alacrity Law's platform is secure, integrates seamlessly with existing systems, and can be implemented swiftly without requiring extensive IT resources. By leveraging data and analytics, Alacrity Law aims to drive positive change in the legal services industry, ensuring that clients receive value-driven outcomes from their external legal partnerships.
Features
- Transparent pricing and clear communication with external legal counsel
- Streamlined matter selection and comparison of firm proposals
- Centralized management of scope changes and budget approvals
- Simplified billing workflows for invoice approval and cost tracking
- Comprehensive analytics on spend, savings, feedback, and diversity & inclusion metrics
- Quarterly intelligence reports providing global insights into legal matters
- Support for panel structuring, complex matters, and new firm recommendations
Company Details
- Headquarters
- 🇬🇧 London, United Kingdom
- Founded
- 2016
- Type
- Legal Tech Vendor
- Founders
- Christopher Thurn, Chris Harrison