As economic pressures and the effects of COVID-19 increase, how will those changes affect law firm budgets and decision making for its legal information products? Will law firms be able to justify retaining two generally redundant and expensive products—Lexis and Westlaw? How will the current business climate affect pricing decisions of the four major service providers? Will the 2019 pricing gambles of major information service providers pay off as firms scrutinize service providers, or will they trigger a tipping point under new market pressures?
There’s never been so much uncertainty as US law firms prepare forecasts. With so many unanswered questions as we enter the second half of the year and budget season, it’s a great time to see what is on everyone’s mind.
That is why we are excited to announce that we have opened participation in our annual Legal Information Vendor Market Survey and we invite you and your firm to participate! In this dynamic environment, we can’t wait to see what this year’s Survey reveals.
As always, participants in our annual survey will receive a complimentary copy of the results – so you can see what your peers are thinking as well.
The 2020 Legal Information Vendor Market Survey gives you a chance to share your viewpoint on vendor sentiment and satisfaction, interchangeability of products, client recovery, and your price expectations for Westlaw, LexisNexis, Bloomberg BNA and Wolters Kluwer.
This year’s Survey delves into what new ways firms may be using legal information, including:
Participation is open now through Friday, July 10th – click on the button below to start:
Remember: only participants will receive a complimentary copy of the results, providing you and your firm with decision-making insights.
Michael Feit earned his J.D. from the Loyola University School of Law in Chicago and was an executive at Westlaw before founding Feit Consulting 16 years ago. Feit Consulting partners with law firm administrators and legal information professionals to optimize vendor contracts and the management and delivery of legal information resources by providing leading-edge, customized solutions. Contact Michael at email@example.com