Legal Research-Focused Company

A Legal Research-Focused Company is a research company that specializes in legal information services.

• Context:
  • It can (typically) offer Legal Databases (that include statutes, case law, regulations, and legal precedents).
  • It can (often) offer Legal Research Systems.
  • It can (often) have customers such as Legal Professionals.
  • It can range from being a Small Legal Research-Focused Company to being a Large Legal Research-Focused Company.
  • It can offer Legal Research Aggregation Platforms that aggregate multiple sources of legal information.
  • It can be a Legal Analytics-Focused Company (that provides legal analytics such as contract analytics).
  • ...
• Example(s):
  • LexisNexis that provides extensive legal research tools.
  • Westlaw that offers a comprehensive legal database.
  • Law Insider Inc. that specializes in contract and clause databases.
  • ...
• Counter-Example(s):
  • Legal Practice Management Software companies, which focus on the operational aspects of law practice rather than research.
  • Document Management Systems for law firms, which handle document storage and retrieval but not legal research.
• See: LexisNexis, Westlaw, Law Insider Inc.

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References

2024

• Perplexity
  1. LexisNexis
     • Products: Legal databases, risk assessment tools, regulatory compliance solutions, and workflow management systems. Notable products include Lexis, Lexis+, and Shepard’s citation service.
     • Founded: 1970 (originally as LEXIS)
     • Size:
       1. Revenue: Estimated annual revenue of $2.5 billion[1].
       2. Employees: Approximately 11,000 to 12,383 employees[1][2].
     • Headquarters: New York, New York, USA
     • Parent Company: RELX Group[4].
  2. Westlaw (Thomson Reuters)
     • Products: Westlaw Classic, Westlaw Edge, Westlaw Precision, KeyCite citation service, and various legal research tools.
     • Founded: 1975 (as part of West Publishing, which was founded in 1872)
     • Size:
       1. Revenue: Not specifically listed, but Thomson Reuters, the parent company, is a major global information provider.
       2. Employees: Part of Thomson Reuters' global workforce.
     • Headquarters: Eagan, Minnesota, USA
     • Parent Company: Thomson Reuters[8][12][16].
  3. LexisNexis Risk Solutions
     • Products: Data and technology solutions for risk management, including public records collections, fraud prevention, and analytics tools.
     • Founded: 1997 (as a separate entity within LexisNexis)
     • Size:
       1. Revenue: Estimated annual revenue of $1.9 billion[3].
       2. Employees: Approximately 9,554 employees[3].
     • Headquarters: Alpharetta, Georgia, USA
     • Parent Company: RELX Group[9].
  4. Trellis Research, Inc.
     • Products: Judicial analytics and legal research tools focusing on state trial courts, providing insights on judges, verdicts, and opposing counsel.
     • Founded: 2018
     • Size: Not specified in terms of revenue or employees.
     • Headquarters: USA[18].
  5. Everlaw
     • Products: Advanced e-discovery solutions, early case assessment, trial preparation, data privacy, internal investigations, and FOIA & public records.
     • Founded: 2010
     • Size:
       1. Employees: 201-500 employees.
     • Headquarters: Oakland, California, USA[10].
  6. Mindcrest
     • Products: Compliance and risk management, contract management, legal research and analytics, litigation and investigations support, and legal operations consulting.
     • Founded: 2001
     • Size:
       1. Employees: 501-1000 employees.
     • Headquarters: Chicago, Illinois, USA[10].
  7. Fastcase
     • Products: Comprehensive legal database with access to statutes, cases, regulations, and court rules from federal and state levels.
     • Founded: Not specified
     • Size: Not specified in terms of revenue or employees.
     • Headquarters: USA[18].
  • Citations:

[1] https://growjo.com/company/LexisNexis
[2] https://www.apollo.io/companies/LexisNexis/5d3656c680f93e89f6e5e432
[3] https://growjo.com/company/LexisNexis_Risk_Solutions
[4] https://en.wikipedia.org/wiki/LexisNexis
[5] https://www.cbinsights.com/company/lexisnexis-courtlink
[6] https://www.relx.com/~/media/Files/R/RELX-Group/documents/reports/annual-reports/2022-ar-sections/relx-2022-market-segments.pdf
[7] https://www.cambridge.org/core/journals/legal-information-management/article/lexisnexis-the-future-of-law-since-1818/08BFF6F4025EB3800E2E44681CA6025C
[8] https://en.wikipedia.org/wiki/Westlaw
[9] https://en.wikipedia.org/wiki/LexisNexis_Risk_Solutions
[10] https://www.inven.ai/company-lists/top-27-legal-research-software-companies
[11] https://librarycollections.law.umn.edu/documents/William_Voedisch_An_Early_History_of_Westlaw_2015.pdf
[12] https://legal.thomsonreuters.com/en/westlaw
[13] https://www.law.gmu.edu/assets/files/publications/working_papers/1234HowWestLawWasMade.pdf
[14] https://www.lexisnexis.com/en-us/about-us/about-us.page
[15] https://content.next.westlaw.com/Document/N14F87B50869511EBB6CFE42751C77CA8/View/FullText.html?contextData=%28sc.Default%29&transitionType=Default
[16] https://en.wikipedia.org/wiki/West_%28publisher%29

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