For the first time since the early 1990’s, retaining just Lexis or Westlaw has become the norm. Today, nearly 51% of large law firms have opted to retain only one vendor. There are roughly 400 law firms with over 100 attorneys in the US. Within the last year, Feit Consulting collected data on 389 of these firms. The majority, 51% (198), now only have one vendor. 75 large law firms have eliminated Westlaw, and 123 eliminated Lexis. As contracts are negotiated continuously, there is expected minor fluctuations in both directions. *Data Source: 2016 Feit Consulting Research.
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