For LexisNexis, the pressure in on to recapture solo and two-attorney firms. Competition is getting stiff. For example, over the last 9 months alone, Casetext reports that over 3,000 law firms have switched from LexisNexis and Westlaw to Casetext. LN’s response to the competition is to lower its pricing and make pricing more transparent in the small law market defined as solo and two attorney firms.
Go here to view LN’s offer of three plans: (1) a $55/month “state primary” plan; (2) a $115/month “state enhanced with full federal” plan and (3) a $138/month “national primary enhanced”. Due note all three plans require a three-year contract. In additions to the pricing quoted above, there appears to be a $25/month “administrative fee.”
This in not LN’s only campaign targeting “low cost” providers like Fastcase and Casemaker. Remember the 2017 “Low cost can cost you” marketing campaign? So far, I haven’t seen an LN press release about this latest attempt.
H/T Casetext’s post, LexisNexis’ New Pricing for Small Law Firms: How to Save Thousands Apr. 25, 2019.