How Feit Benchmarks

By Michael Feit | Contract Negotiations

Sep 15

Feit Consulting has legal-information market intelligence dating back to 2001. Each year, Feit Consulting conducts law firm interviews, audits, and surveys. In the last twelve months, we have connected with more than 200 firms, gathering a large array of intelligence to fine-tune our market view. Feit Consulting utilizes an observed median derived from these learnings when developing our benchmarks. The median is our opinion of the mid-mark data point by which half of the market is above and half is below.

Data is continually monitored and benchmarks are recalibrated by Feit Consulting’s Legal Information Research Team. Benchmarks will be tweaked when pertinent market changes take place, influencing the relative strength of each vendor. Pertinent market changes would include a significant new competitor, product features, content, changing preferences, and/or compelling pricing.

Feit Consulting does not disseminate firm-specific information, and is compliant with all signed non-disclosure agreements. Feit Consulting adheres to third-party consultant non-disclosure agreements, and in accordance, does not utilize nor aggregate client information.

About the Author

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