ֱ

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 ֱ?

ֱ is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

What is

Practical Law

?

✅ Founded in the UK, acquired by Thomson Reuters in 2013. Built as a legal knowledge ֱ 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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CORE CAPABILITIES
ֱ
Practical Law
LexisNexis
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

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

Contract Drafting

✅ 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 ֱs

Contract Review

✅ Document review capabilities provided through CoCounsel

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

Document Assembly

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

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

AI Document Editing

✅ 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

Legal Research Integration

✅ 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

Negotiation Support

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

❓ Limited native negotiation support tools compared to specialized contract platforms

Data Extraction and OCR

❓ Limited capabilities compared to specialized tools

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

COLLABORATION & WORKFLOW
ֱ
Practical Law
LexisNexis
Collaboration Tools

❌ 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 and Approval Management

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

❓ Some workflow capabilities but primarily through separate products like CounselLink

Contract Management

❓ Requires integration with separate Thomson Reuters products

❓ Available through CounselLink but requires separate subscription and implementation

Reporting and Analytics

✅ Comprehensive usage analytics and reporting for enterprise clients

✅ Comprehensive legal analytics through Lex Machina and other specialized tools

LIBRARIES & TEMPLATES
ֱ
Practical Law
LexisNexis
Private Clause Library

✅ Ability to create and maintain private clause libraries

✅ Ability to create and maintain private clause libraries

Community Template Library

❌ No community template library

❌ No community template library

Private Template Library

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

✅ Extensive professionally-drafted templates and forms across practice areas

TECHNICAL ASPECTS
ֱ
Practical Law
LexisNexis
Platform Type (Native vs Plugin)

✅ Cloud-based and on-premises deployment options available

✅ Cloud-based and on-premises deployment options available

Microsoft Word Compatibility

✅ Native Microsoft Word Add in through CoCounsel Drafting

✅ Integration with Microsoft Word through various add-ins

Integration with Storage (Google Drive, Dropbox)

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

❓ Some integration capabilities but primarily focused on its own ecosystem

Integration with Other Tools

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

✅ Integration with various legal tools and practice management systems

Complex Legal Styling and Formatting

✅ Supports complex legal styling and formatting

✅ Supports complex legal styling and formatting

Security & compliance
ֱ
Practical Law
LexisNexis
End-to-end Encryption

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

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

Security Certifications

✅ ISO27001, SOC2, and other major security certifications

✅ ISO27001, SOC2, and other major security certifications

Data Sovereignty & Privacy

✅ Strong data sovereignty controls with regional data centers

✅ Regional data centers and strong data sovereignty controls

Authentication Methods

✅ Multiple authentication options including SSO

✅ Multiple authentication options including SSO and multi-factor authentication

Permissions & Access Control

✅ Granular user permissions and access controls

✅ Granular user permissions and access controls

Compliance Standards

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

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

Customer Support Options

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

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

Onboarding Process

❓ Comprehensive but often requires weeks to months for full implementation

❓ Comprehensive but often requires weeks to months for full implementation

Training & Resources

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

PRICING & ROI
ֱ
Practical Law
LexisNexis
Pricing Model

❓ 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

SALES PROCESS
ֱ
Practical Law
LexisNexis
Implementation Timeline

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

USER FEEDBACK
ֱ
Practical Law
LexisNexis
Common Complaints

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

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

Case Study Metrics Available

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

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

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