By Michael Feit | Surveys , Vendors
Pre-WestlawNext, law school preference was roughly
55% Westlaw/45% Lexis.
Feit Consulting conducted a random survey of 238 associates.
This year, 81% of surveyed associates who indicated a preference prefer Westlaw, compared to 19% for Lexis.
By Michael Feit | Vendors , White Papers
There are four stages in the product life cycle: Introduction, Growth, Maturity, and Decline. As a product or service evolves over its life cycle, so does its business strategies.
Feit Consulting’s recent report, Path to Commoditization, depicts how Lexis and Westlaw have progressed through their respective life cycles and the corresponding impact on pricing strategies. It examines the various strategies and tactics deployed by the vendors at each different stage.
The charts above illustrate Feit Consulting’s respective representations of Lexis and Westlaw, in relation to the timeline of their product life cycles since 1990.
More information about this report is available here. Limited time offer: 35% off the Westlaw & Lexis: Path to Commoditization report. Use discount code PATH35 when ordering.
By Michael Feit | Vendors , White Papers
Excerpt from Westlaw & Lexis: Path to Commoditization:
Feit Consulting’s Westlaw/Lexis Sentiment Survey clearly depicts the reasons firms retained Westlaw and Lexis, and these reasons could not be more different from one another. Popularity and functionality are the main reasons Westlaw is retained. Conversely, these are the lowest-ranked reasons firms retained Lexis. Nearly 50% of survey respondents stated that their reason for retaining Lexis is lower pricing.
To learn more about what the Westlaw & Lexis: Path to Commoditization white paper has to offer, click here.
By Michael Feit | Vendors , White Papers
Westlaw & Lexis: Path to Commoditization shares an analysis on the current state of the market, supported by data collected from 98% of the large law firm market.
Our white paper provides law firm administrators the data and context behind this trend to make informed decisions in a rapidly changing market.
Gain critical insight into what firms may expect in the future on recovery rates and overhead, as well as personal thoughts from firm administrators about their satisfaction and expectations of these two vendors.
For more information, click here.