“We are marrying our information and data with productivity tools. It’s no longer sufficient o just deliver searchable case law.”
MICHAEL WALSH
President and CEO
for U.S. legal markets
LexisNexis
mental improvements, real innovation has become the
watchword in online legal research. At stake: billions
in revenue and a big piece of your computer desktop.
FAT AND HAPPY NO MORE
THE PROSPECT OF INCREASED COMPETITION LEADING
to lower costs couldn’t come at a better time for the
nation’s law firms.
“The party is over for our industry,” says David
Curle, a Minneapolis-based analyst who covers the
legal research and publishing industry for Outsell Inc.,
an advisory firm focused on the publishing and infor-
mation industries. Law firms “had incredible growth
and success and profits and got fat and happy. This
economy pulled the rug out from under them.”
Revenues at the major legal research companies have
also been affected by the
Great Recession, but not
equally so.
