Blog
How to prepare for regulatory change without overstretching legal resources
Financial institutions today face a relentless tide of new rules, from evolving data privacy mandates to shifting capital requirements, that can swamp even the most seasoned legal teams. The solution isn’t merely hiring more lawyers; it’s about building an agile compliance engine that blends streamlined processes, smart technology, and strategic partnerships with Alternative Legal Service […]
Subscribe to our blog
AI in contract review: hype or real value for banks and fintechs?
Financial-services legal teams are at an inflection point: AI-powered contract review tools promise to shrink review cycles from weeks to hours, cut costs by up to 40%, and surface hidden risks, but only if deployed with rigor. Banks and Fintechs that treat AI as a toy risk disappointment; those who treat it as a strategic […]
From Cost Centre to Value Driver: How Legal Can Contribute to Growth in Financial Services
Financial services legal teams are shedding the “cost centre” label and emerging as strategic growth engines by embracing smarter resourcing, data-driven decision-making, and deep partnerships with Alternative Legal Service Providers (ALSPs). The ALSP market itself swelled to $28.5 billion in 2023, by delivering fixed-fee, tech-enabled workflows that slash cycle times and elevate legal’s impact. At […]
Why legal leaders at financial institutions are turning to ALSPs for strategic projects
Financial institution legal teams are discovering that Alternative Legal Service Providers (ALSPs), such as DRS, are not just a cost-cutting lever for routine work; they are strategic allies on high-impact projects. As regulatory pressures intensify and deal volumes surge, ALSPs deliver specialized expertise, on-demand capacity, and technology-driven workflows that in-house teams alone struggle to match. […]
Navigating the regulatory maze: how DRS supports financial firms with US Treasury Clearing rules
Financial firms navigating the new US Treasury clearing regime face a complex web of deadlines, risk-management standards, and operational shifts. As regulators mandate central clearing of cash and repo Treasury transactions, market participants must overhaul legal, operational, and technology frameworks to stay compliant, and competitive. DRS, as a leading Alternative Legal Service Provider (ALSP), combines […]
How Legal Tech Is Changing the Game for Legal Teams in Financial Services
Discover how legal tech is transforming financial-services legal teams. Learn how DRS and Ark 51, our AI-powered data extraction tool, are helping firms cut review times, streamline compliance, and turn legal into a strategic driver.
Legal process outsourcing vs. in-house: what’s right for financial institutions?
Discover how financial firms can combine in-house counsel and LPO/ALSPs with AI-powered tools like Ark 51 to cut costs and boost legal efficiency.
How Legal Teams in Financial Institutions Are Reimagining Efficiency with ALSPs
Financial institutions are turning to ALSPs to modernise legal operations. Discover how legal teams are blending tech, AI, and external expertise to drive efficiency, reduce cost, and gain agility.
ISDA negotiations – the causes of delay, how you compare, and what you can do about it
ISDA negotiations – the causes of delay, how you compare, and what you can do about it. Introduction On 22 July 2024, ISDA published its latest “Digital Strategy Questionnaire”. The results of the survey provide a useful benchmark against which other market participants can measure their own performance in terms of trading document negotiation. Who […]
Case review: RTI v MUR Shipping BV
Emma Bibby and Alejandro Birsan, our DRS summer interns in 2024, have written a blog post on the recent case of RTI v MUR Shipping BV. In the recent case of RTI v MUR Shipping BV, the Supreme Court overturned the Court of Appeal and found that “reasonable endeavours” wording in a force majeure clause […]