Insights Into Legal Research Services
Welcome!
Reliable legal research content is essential for every law firm. You need to know that your legal information is comprehensive and current. You need to easily identify the legal issues relevant to your matter and you need to be able to find this information quickly. Consequently, legal research services must be a top priority. However, selecting the right legal research provider at the right subscription price is no easy task. This blog covers topics related to provider selection, features, databases and pricing as well as contract renegotiation with legal research providers. For more detailed information than provided here, we would be happy to talk with you concerning your firm’s specific needs. Please call us at 719-200-3005 or contact us using this contact page.
Proceed with Caution: Westlaw’s Newest Product May Need More Precision
Thomson Reuters has launched a brand-new product that it claims will improve both the speed and quality of legal research. The new product, Westlaw Precision, is an advanced add-on to Westlaw Edge. It is designed to reduce research hours and expand the Westlaw Key...
The State of the Legal Market and Legal Research Services
The 2023 Report on the State of the Legal Market is out and the results paint a telling picture about law firm profitability. As Jean O’Grady of Dewey B Strategic put it so succinctly in a recent article, "it’s bad." For the first time since 2009, profits-per-equity...
Desperate Times – Part Two: What Else Don’t You Know About Your Legal Research Contract
Have you reviewed your legal research subscriptions lately? If not, you may want to take a thorough look to make sure you are only paying for the services that are on your contract. Recently, I talked about desperate sales tactics such as embedding tricky terms in the...
Desperate Times – Part One: Can Hidden Tactics Cost You Thousands?
If January’s Westlaw reference attorney controversy has taught us anything, it is that legal research providers have gotten more than a little desperate to increase their profits at the expense of their customers. Law firms should be more cautious than ever about...
Is Legal Research Too Saturated to Justify Annual Increases?
Every law firm knows the pain of getting their annual legal research rate increase. Legal research costs are already notoriously high. It can be even more frustrating when you didn’t get much to go with the rate increases to benefit your practice. Typically, 85% of...
What Justifies Annual Increases in Your Legal Research Fees?
With the new year in full swing, legal research providers will be looking for additional ways to achieve the double-digit growth of prior years. The recent Thomson Reuters controversy has signaled just how worried providers are about their bottom line -- and how far...
5 Reasons Law Firms Dread Negotiating with Westlaw and Lexis
Are you looking forward to negotiating the next renewal of your legal research contract? It can be a tricky process for even the savviest of law firms and the results are anything but predictable. Who knows? At this very moment, you could be paying more for the same...
The Westlaw Reference Attorney Debacle: Are You Reading Between the Lines?
Greetings! You may have heard about Thomson Reuters (Westlaw) ill-fated decision to reduce the available hours of their Reference Attorney services in January. If not, the breakdown is that the company informed customers that it would no longer provide 24/7/365 access...