Practical Law vs LexisNexis

Let's compare these tools on features, pricing, reviews and market focus. Let's test the accuracy, security and compliance of their Legal AI too.

What is Practical Law?

✅ Founded in the UK, acquired by Thomson Reuters in 2013. Built as a legal knowledge solution that has gradually added technology components.

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What is LexisNexis?

✅ Originally founded as a legal research service, now part of RELX Group. Has expanded through acquisitions into a global provider of legal, regulatory, and business information and analytics.

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Capabilities
Practical Law
LexisNexis
Additional Note
Sub-brands and synonyms

✅ Comprehensive legal resources, know-how, and precedents maintained by 650+ attorney editors

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✅ Comprehensive legal research database with millions of documents, advanced search capabilities, and analytics tools like Lex Machina for litigation insights

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Unique product features and capabilities that differentiate the platform from competitors in the legal tech market.
Legal AI and Machine Learning Capabilities

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

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

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Advanced algorithms that learn from legal documents to automate and enhance contract analysis, drafting, and review processes.
Encryption standards

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

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

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Does data remain encrypted during transmission and storage, protecting sensitive information at every stage of handling?
Security certificates

✅ ISO27001, SOC2, and other major security certifications

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✅ ISO27001, SOC2, and other major security certifications

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Which recognized security certifications and regulatory standards can verify the robustness of the platform's data protection measures?
Data sovereignty

✅ Strong data sovereignty controls with regional data centers

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✅ Regional data centers and strong data sovereignty controls

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Can the customer own their own data, or can the platform use it and process it, to train their Legal AI models for example?
Authentication methods

✅ Multiple authentication options including SSO

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✅ Multiple authentication options including SSO and multi-factor authentication

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Does the platform offer secure login options including API keys, 2FA, tokens, and/or single sign-on to manage system access?
Permissions and access control

✅ Granular user permissions and access controls

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✅ Granular user permissions and access controls

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Can you manage who can view, edit, and share documents through customizable user roles and restrictions?
Data Privacy

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

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

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Does the platform comply with international data protection requirements including GDPR, CCPA, and other regional privacy laws?
Contract Drafting

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

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

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Does the platform offer a streamlined system for creating full-length legal documents from scratch using AI-powered suggestions, templates, and clause libraries?
Collaboration Tools

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

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

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Does the platform enable multiple team members to work together on contracts in real-time, with comments, tracked changes, and version control?
Contract Review

✅ Document review capabilities provided through CoCounsel

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

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Can the platform run a systematic analysis of legal documents to identify risks, obligations, and key terms while suggesting necessary changes and improvements?
Contract Management

❓ Requires integration with separate Thomson Reuters products

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❓ Available through CounselLink but requires separate subscription and implementation

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Does the platform house a centralized system to store, track, and monitor contracts throughout their lifecycle, from creation to expiry?
Workflow Automation

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

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❓ Some workflow capabilities but primarily through separate products like CounselLink

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Does the platform automate routine legal tasks and document processes through customizable rules and triggers, reducing manual work and streamlining operations?
Complex Legal Styling and Formatting

✅ Supports complex legal styling and formatting

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✅ Supports complex legal styling and formatting

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Can you automatically apply and maintain professional legal document formatting, including numbering, cross-references, and hierarchical styles when editing, and when importing/exporting to MS Word?
Integration Capabilities

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

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✅ Integration with various legal tools and practice management systems

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Can you connect with your existing software via standardized APIs and/or custom integrations?
E-signature

❓ No native e-signature capabilities, but offers intergrations with popular providers

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❓ Limited native e-signature capabilities, typically requires third-party integration

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Can you digitally sign and execute contracts within the platform, without using a 3rd-party, or printing and scanning?
Reporting and Analytics

✅ Comprehensive usage analytics and reporting for enterprise clients

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✅ Comprehensive legal analytics through Lex Machina and other specialized tools

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Can the platform track, measure, and visualize contract data, or team usage data to provide real-time ROI figures, actionable business and individual performance insights?
Document Assembly

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

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

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Can the platform be used to combine pre-approved legal content and templates to quickly create new contracts and legal documents?
AI Document Editing

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

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

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Does the platform enhance document editing by suggesting improvements, corrections, and alternative language in the document, in real-time?
Legal Research Integration

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

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

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Does the platform directly connect to legal databases and precedents that enable research and citation while drafting documents?
Negotiation Support

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

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❓ Limited native negotiation support tools compared to specialized contract platforms

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Can the platform help track, manage and respond to contract changes and counterparty requests during negotiations?
Data Extraction and OCR

❓ Limited capabilities compared to specialized tools

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

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Can the platform automatically convert scanned documents and images into searchable, editable text while pulling out key information and data points?
Mobile Accessibility

❓ Mobile-optimized interface, but full functionality requires desktop

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✅ Mobile apps available, but full functionality best experienced on desktop

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Does the platform have a mobile-optimized interface that allows users to access, review and manage contracts from smartphones and tablets?
Integration with file storage (e.g. Google Drive, Dropbox)

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

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❓ Some integration capabilities but primarily focused on its own ecosystem

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Does the platform connect with popular cloud storage platforms to access and manage documents directly within the system?
Community clause library

❌ No community-driven clause library

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❌ No community-driven clause library for collaborative improvement

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A shared database of legal clauses contributed and used by legal professionals across organizations, enabling standardized contract language.
Private clause library (for your firm)

✅ Ability to create and maintain private clause libraries

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✅ Ability to create and maintain private clause libraries

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A secure repository where organizations store and manage their own frequently-used contract clauses and legal language.
Community template library

❌ No community template library

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❌ No community template library

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A shared collection of pre-built legal document templates, contributed to and accessible by all users of the platform.
Private template library (for your firm)

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

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✅ Extensive professionally-drafted templates and forms across practice areas

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A secure collection of your organization's customized document templates, accessible only to authorized team members within your company.
Microsoft Word Compatibility

✅ Native Microsoft Word Add in through CoCounsel Drafting

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✅ Integration with Microsoft Word through various add-ins

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A seamless integration with Microsoft Word that allows users to draft and edit documents directly within the familiar Word interface.
Formatting pain points

❓ Some users report formatting inconsistencies when moving between systems

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❓ Some users report formatting challenges when moving between systems

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Does the platform have known common formatting challenges when importing/exporting legal documents? Think table layouts, numbering, and style consistency, for example.
User reviews and known issues

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

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

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A collection of verified 3rd-party customer reviews documenting any known technical issues.
Customer support options and responsiveness

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

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

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Is there a dedicated support team providing assistance through multiple channels including live chat, email, and phone, with defined response time commitments?
Dedicated account manager

✅ Available for Enterprise clients

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✅ Available for enterprise clients and larger organizations

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Is there a designated professional who provides personalized support and technical guidance for your platform usage and needs?
Setup and onboarding

❓ Comprehensive but often requires weeks to months for full implementation

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❓ Comprehensive but often requires weeks to months for full implementation

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Is there a structured process to get teams up and running with personalized training, data migration, and system configuration support?
Setup and onboarding

❓ Comprehensive but often requires weeks to months for full implementation

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❓ Comprehensive but often requires weeks to months for full implementation

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Is there a structured process to get teams up and running with personalized training, data migration, and system configuration support?
Company history and development background

✅ Established legal tech company with a long history of innovation

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✅ Well-established legal research and analytics company with a long history

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A timeline of the company's founding, growth milestones, and key developments in its product evolution and market presence.
Age of company and depth of AI integration

✅ 1990 - Pioneer in providing digital legal know-how

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✅ 1970s - Pioneer in computerized legal research

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A measure of company maturity and experience in developing and implementing artificial intelligence solutions for legal work.
AI accuracy and transparency

✅ Transparent about AI capabilities and limitations

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✅ Uses proprietary AI models for legal research and analytics, but less transparent than Genie's AI supported by academic institutions

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A clear framework showing how AI makes decisions and measuring the reliability of its outputs across legal tasks.
Market penetration

✅ Used by 90% of AmLaw 200 firms and thousands of in-house teams globally

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✅ Used by majority of AmLaw 200 firms, thousands of corporate legal departments, and government agencies worldwide

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How widely the product is adopted across different organizations, from small businesses to major enterprises, and total active users.
Open-source vs. proprietary models

❓ Primarily web-based platform with some plugins for Microsoft Word

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❓ Primarily web-based platform with some integrations for Microsoft Word

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AI models that are publicly accessible vs those exclusively owned and controlled by the company.
Deployment options

✅ Cloud-based and on-premises deployment options available

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✅ Cloud-based and on-premises deployment options available

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Is the platform accessible on the cloud and/or can it be installed directly on-premises, or using company servers?
Target market

✅ Law firms, corporate legal departments, and government agencies

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✅ Law firms, corporate legal departments, government agencies, and academic institutions

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Who is the product designed for? In-house legal teams, law firms, sole practitioners or SME?
Industry specialism

✅ Comprehensive coverage across most practice areas and industries

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✅ Comprehensive coverage across most legal practice areas and industries

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Is the platform focused on a handful of sectors, or mass-market?
Countries of operation

✅ Strong coverage of US, UK, Australia, Canada, and other major jurisdictions

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✅ Extensive global coverage including US, UK, Canada, Australia, and over 150 countries worldwide

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Which countries and legal systems the platform operates in and supports.
Pricing model and cost structure

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

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

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Subscription fees, usage limits, and additional costs for accessing and using the platform's features.
Uptime guarantee and service level agreements

✅ 99.9% uptime guarantee for enterprise clients

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✅ 99.9% uptime guarantee for enterprise clients

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Service reliability commitments and performance standards that specify system availability and response times.
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