Practical Law vs LexisNexis

❓ Traditional legal content with some AI features added through acquisitions (CaseText, CoCounsel), but not built as an AI-native platform

❓ Has added AI capabilities through Lexis+ AI, but not built as an AI-native platform from the ground up

✅ Document automation through Fast Draft and Contract Express. AI powered Drafting provided through CoCounsel and CoCounsel Drafting,

❓ Offers Lexis Legal Drafting with templates and some AI assistance, but not as intuitive as AI-native solutions

✅ Document review capabilities provided through CoCounsel

❓ Provides contract review capabilities through Lexis+ AI, but primarily focused on legal research rather than contract workflows

✅ Precedent to template document creation, and template filling with AI assistance

✅ Document assembly capabilities through Lexis Legal Drafting with templates and clause libraries

✅ AI-powered document editing with tracked changes in MS Word provided by CoCounsel Drafting.

❓ AI assistance for document editing available but not as comprehensive as AI-native platforms

✅ Exceptional legal research capabilities through integration with Westlaw and other Thomson Reuters products

✅ Industry-leading legal research capabilities with extensive case law, statutes, regulations, and secondary sources

✅ AI-powered negotiation tools for clause-by-clause agreement provided in CoCounsel Drafting

❓ Limited native negotiation support tools compared to specialized contract platforms

❓ Limited capabilities compared to specialized tools

✅ Advanced data extraction capabilities across legal documents through Lexis+ AI

❌ Limited real-time collaboration features, no native editor with Google Docs-like functionality

❓ Limited native real-time collaboration features compared to modern document editors

❓ Workflow capabilities available subject to subscription levels and certain products.

❓ Some workflow capabilities but primarily through separate products like CounselLink

❓ Requires integration with separate Thomson Reuters products

❓ Available through CounselLink but requires separate subscription and implementation

✅ Comprehensive usage analytics and reporting for enterprise clients

✅ Comprehensive legal analytics through Lex Machina and other specialized tools

✅ Ability to create and maintain private clause libraries

✅ Ability to create and maintain private clause libraries

❌ No community template library

❌ No community template library

✅ Extensive professionally-drafted templates and ability to create private libraries

✅ Extensive professionally-drafted templates and forms across practice areas

✅ Cloud-based and on-premises deployment options available

✅ Cloud-based and on-premises deployment options available

✅ Native Microsoft Word Add in through CoCounsel Drafting

✅ Integration with Microsoft Word through various add-ins

✅ .Integration with iManage, Netdocs, SharePoint (some at extra cost)

❓ Some integration capabilities but primarily focused on its own ecosystem

✅ Integrates with Thomson Reuters ecosystem but limited third-party integrations

✅ Integration with various legal tools and practice management systems

✅ Supports complex legal styling and formatting

✅ Supports complex legal styling and formatting

✅ Enterprise-grade security with end-to-end encryption

✅ Enterprise-grade security with encryption for data in transit and at rest

✅ ISO27001, SOC2, and other major security certifications

✅ ISO27001, SOC2, and other major security certifications

✅ Strong data sovereignty controls with regional data centers

✅ Regional data centers and strong data sovereignty controls

✅ Multiple authentication options including SSO

✅ Multiple authentication options including SSO and multi-factor authentication

✅ Granular user permissions and access controls

✅ Granular user permissions and access controls

✅ Compliant with GDPR, CCPA, and other major privacy regulations

✅ Compliant with GDPR, CCPA, and other major privacy regulations

✅ 24/7 support via phone, email, and chat for enterprise clients

✅ 24/7 support via phone, email, and chat for enterprise clients

❓ Comprehensive but often requires weeks to months for full implementation

❓ Comprehensive but often requires weeks to months for full implementation

Pilot: ❓ Formal pilot process requiring significant commitment of time and resourcesImplementation Timeline: ❓ Typically 1-3 months from purchase to full implementation

Pilot: ❓ Formal pilot process requiring significant commitment of time and resourcesImplementation Timeline: ❓ Typically 1-3 months from purchase to full implementation

❓ Subscription-based pricing starting at approximately $5,000-$10,000 annually per user for core services, with additional costs for specialized modules

❓ Subscription-based pricing starting at approximately $3,000-$8,000 annually per user for core services, with additional costs for specialized modules

Self-serve: ❌ No immediate self-serve option; requires account setup and trainingSales: ❓ Typically 1-3 months from purchase to full implementation

Self-serve: ❌ No immediate self-serve option; requires account setup and trainingSales: ❓ Typically 1-3 months from purchase to full implementation

❓ High cost, steep learning curve, and complex implementation process

❓ High cost, complex interface, steep learning curve, and implementation challenges

❓ Metrics focus on research efficiency rather than drafting and negotiation time savings

❓ Metrics focus primarily on research efficiency rather than holistic document workflow improvements