In 2016, Feit Consulting launched the Market Trends Legal Information Series. The Series is composed of white papers and survey results on pertinent topics in the legal information arena. The Series was launched with our report on Westlaw & Lexis: Path to Commoditization discussing the historical pricing and strategies of these vendors, and detailed insights to where the legal information market is heading.
Another hot topic is the sole provider trend. In January 2017, Feit Consulting released The Sole Provider Playbook and the Sole Provider Viability Decision Guide. These resources provide more than a high-level discussion about the trend. These resources can be used by firms and organizations as how-to guides, walking them through the process of evaluating, assessing, and implementing change. Out hope is that more firms will take on a proactive approach to evaluating the option, not waiting to the last minute when their hands are tied by the vendor. We want to provide firms and organizations with tools, concrete steps for making the best decision for their legal information strategy and bottom line.
This past summer, Feit Consulting released Optimizing Legal Information Pricing. A unique resource offering Feit Consulting’s view of pricing in the market. This is an excellent resource for getting a general sense of how your firm or organization’s contracts measure up. Feit Consulting can also conduct personalized benchmarking for your firm or organization. This is highly recommended for anyone who has not received a Lexis or Westlaw price adjustment since 2008.
In developing these reports, we utilized surveys and conducted one-on-one interviews with experts in the field to provide comprehensive resources. What we heard over and over again from firms and organizations who purchased these reports has been how impressed they are with the wealth of knowledge and detail provided.
Whether you have unused funds for 2017, or want to get head of the game for anticipated 2018 projects, the Market Trends Legal Information Series provides a wealth of knowledge, guidance and processes for ROI of your legal information portfolio. Contact Feit today for year-end special pricing. Click here to learn more about all the reports and surveys we offer.
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