Pangea3, a provider of legal process outsourcing services and part of the Thomson Reuters empire, has joined forces with information governance and data management specialist Recommind to deliver a workflow and predictive coding solution for Fortune 500 corporations and law firms. There is a press release about this here.
This seems to me to be a model for the way the world is going, with providers of outsourced services joining forces with the best technology providers to offer services of quality and at a price which few law firms can match.
Whilst I will not join the chorus of those who predict that Big Law is dying, I agree that it must move away from the traditional model of hourly rates multiplied retrospectively by the number of hours in favour of an approach which brings predictability to the delivery of legal services. The arrangement between Pangea3 and Recommind offers a way to spread the load.