Tuesday, January 26, 2010

Legal Sites Plan Revamps as Rivals Undercut Price

Lawyers and other researchers turn to services like Westlaw and LexisNexis to find a wide variety of legal documents, public records and analysis. A single lawyer might pay about $100 a month for a limited version, while large law firms will pay millions of dollars for unlimited access. Westlaw and LexisNexis each bring in more than $1 billion a year for their respective parent companies, Thomson Reuters and Reed Elsevier.

The executives from Westlaw and LexisNexis stressed that their broad access to legal documents, experience in this market and legal analysis provide advantages over cheaper competitors. Google, for example, has a free search service called Google Scholar that digs through cases and legal journals.


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