Thus far the survey has produced some very interesting findings, like these surprising preliminary trends in vendor sentiment:
Did Bloomberg overplay its hand? Can Westlaw do no wrong in the eyes of information professionals? The impassioned sentiments we are capturing in our current Market Survey are very polarized compared to our 2016 survey. We are seeing a market that has, in fact, changed considerably.
Clearly Bloomberg’s bundling move and revised price structure is coming up short and incurring a huge amount of dissatisfaction that may prove impossible to overcome. With regard to Westlaw Edge, most firms are adamant that they will not pay for the new, technologically advanced services offered, but will wait until Westlaw Edge is included in their current subscriptions.
Westlaw and Bloomberg may have been playing the wrong game on the wrong field – but we will have to see how the data continues to paint this picture.
We hope you take a few minutes and participate in the Survey here. The Survey is closing soon on December 15th so don’t miss out! ALL of our Survey respondents receive a complimentary copy of the full results, and this alone will be more than worth your while as you develop your strategy for 2019.
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 firstname.lastname@example.org