The 2007 recession was sort of a “cattle prod” which shocked law firms into acknowledging that clients won’t pay for inefficiency. Legal publishers responded with a variety of “know how” or KM tools which have created a highly competitive niche in legal publishing. Every major legal publisher LexisNexis ,Thompson Reuters, Bloomberg Law, and Wolters Kluwer have been focused on gaining market share by growing their practice guidance and drafting tools.
This week FEIT Consulting is releasing a study :”Findings from the LexisNexis Practical Guidance/Thomson Reuters Practical Law Focus Group Inquiry” which summarizes the results of four focus groups which pitted Thompson Reuters Practical Law against Lexis Practical Guidance (previously branded as Practice Advisor.)
The basic question : “Is Lexis practice guidance ready for prime time?” appears to have been answered in the affirmative.
Well the librarians are a hardened and skeptical lot and will want to test, poke, probe and conduct their own internal focus groups before