There’s a lot of buzz around Analytics/AI products like Westlaw Edge and Lexis Context—but to what degree are firms actually purchasing these products and, more importantly, are they happy with their purchase?
We decided to find out!
Last week, Feit Consulting launched a mini-survey to capture the reality behind the buzz—and the results are very telling already. In a very short period of time, over 60 law firms (25% in the AmLaw 200) have participated in our survey. This indicates to us that firms have a high degree of interest in understanding from their peers the value of these new tools.
An early result we can share is the percentage of firms that have Westlaw who have purchased Edge is roughly the same as the number of firms that have Lexis and have purchased Context: trending at 15%.
Context seems to be getting much more consideration, however, because of its much lower cost. At this point 40% of firms with Lexis are actively considering Context.
The proof in the pudding will be firms’ satisfaction with these products—we will continue to compile this data and will share the results with our survey participants.
If you and your firm want in on the complete data, participate! All survey participants will receive a complimentary copy of the results —and participation takes less than 3 minutes. The survey is open now and will close June 16th.
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