Today, less than half of larger firms retain both LexisNexis and Westlaw.
When we last surveyed information services professionals in 2016, here is how that data looked:
We were curious when we launched the 2019 Legal Information Vendor Market Survey how this panned out for the law firms – and from the data we are gathering so far, the sole provider trend is still very much alive at 54%. Even more importantly, however, firms that have gone sole provider are more satisfied with the remaining vendor as shown below:
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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 email@example.com