A big thank-you to all the law firm professionals throughout the country who participated in our semi-annual Legal Information Vendor Market Survey. The survey wrapped in December and we have been hard at work analyzing the results since.
We captured opinions from 23% of large U.S. Law Firms (with attorney counts of over 100) – providing a confidence level in the findings of over 90%. Here are some of the survey highlights:
This should be business-school 101, but the Survey revealed a significant correlation between price expectation and satisfaction with vendors:
BBNA: a strong link between a price hike and dissatisfaction.
Lexis Surprise: Indispensable products create leverage.
This is just a snapshot of the survey results. For the price of a new vendor lunch ($250) you can read the entire survey. And remember your copy of the survey is shareable with your entire firm. Get your copy 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