With 15-25% of the law firm market substantially overpaying for Lexis or Westlaw, Feit Consulting seeks to empower law firms with the knowledge necessary to achieve reasonable and mutually beneficial pricing. For too long, pricing has been kept secret. No firm knows whether their contract is truly “excellent”, which the vendors often claim with each new renewal.
Until now, only Feit’s clients received this intel. In our next white paper, Optimizing Legal Information Pricing, Feit Consulting will be disseminating our benchmarks on what is reasonable pricing historically, current, and projected, with supporting data and rationale.
Why share this privy information? By publishing our unique market view, firms that are trapped in bad contracts will obtain the necessary context to take the first step towards corrected pricing. Having this market knowledge is only one element to achieving successful contract negotiations. Feit Consulting is here to advise firms at all stages of vendor contract negotiations and overall legal information strategy.
Act now! Have up to five of your firm’s legal information contracts benchmarked against our data. Sign up here.
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