June 2024 - Chambers and Partners NewLaw 2024 Guide

Chambers and Partners is a recognized world leader in research and analysis. Chambers NewLaw 2024 is its latest guide to legal tech, outsourcing and alternative legal service providers, and QuisLex is proud to share our inclusion. 

For the 14th consecutive year, QuisLex achieved a Band 1 ranking, the highest level of Chambers and Partners’ annual rankings, for both Contract Lifecycle Management and Litigation Services of alternative legal service providers. 

Chambers NewLaw guide identifies and ranks the most innovative organizations in the alternative legal services and legal technology markets, delivering indispensable insights and enabling decision-makers to secure the talent that is right for them. The guide is the result of interviews with the service providers themselves, their clients and third-party market insiders and the analysis of qualitative feedback concerning technical ability, client service and value for money.  

Two QuisLex experts shared their insights in the NewLaw guide, authoring key section introductions for the report: 

• About driving a successful CLM implementation, Sailaja Meesaraganda wrote, “In the next 10 years, the global contract life cycle management market is expected to more than triple in valuation. This statistic alone makes clear how industries of all types are increasingly relying on these systems because of the many benefits they provide. From greater efficiency and speed to improved time to revenue, contract visibility, risk mitigation and compliance, CLM solutions not only save time; they save money too—ultimately benefiting the entire enterprise, not just the legal department.” 

Meesaraganda’s article goes on to outline steps for a successful implementation and, importantly, tips for leveraging AI in CLM. 

• Brian Corbin wrote about navigating current litigation trends. His piece begins, “The legal profession is bracing itself for heightened complexity in 2024, amid global unrest, political upheaval, and economic uncertainty. This year will be marked by increased litigation and government inquiries across sectors, reflecting new regulatory frameworks and other trends. IPO litigation is on the rise after a slowdown during the pandemic, alongside an uptick in IP disputes fueled by emerging technologies. COVID-19 continues to generate employment disputes, and recent global supply chain challenges are compounding contract and liability issues.” 

Corbin’s article focuses on additional trends that corporate litigation departments will need to contend with this year and how operational readiness for litigation and strategically sourcing targeted legal work related to these changes can help legal leaders run their departments efficiently while weathering the storm, ultimately protecting their business stakeholders. He outlines environmental, social and governance regulations, including new EU regulations, financial regulatory enforcement and operationalizing sound legal processes with ALSPs. 

Chambers and Partners is the leading independent professional legal research company operating across 200 jurisdictions, delivering detailed rankings and insight into the world’s leading lawyers and law firms. Since its founding in 1990 Chambers has dedicated itself to delivering detailed rankings and insights into the world’s top lawyers, legal departments and law firms. Present and relied on in over 70 countries and 200 jurisdictions, Chambers’ independent, research-led approach is recognized as the ranking that matters.

Read our recent press release announcing QuisLex’s achievement of the Band 1 ranking in Chambers and Partners’ NewLaw 2024 Guide.