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Next-Gen Legal Tech Study

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Independent study conducted by PwC, commissioned by LexisNexis, finds new lawyers across the U.S. prefer Lexis Advance over Westlaw, Bloomberg Law and other legal research platforms. These findings validate the shift in preference among law students and show that next-gen lawyers are embracing analytics and visualization tools to improve legal research.

Learn more: https://www.lexisnexis.com/en-us/nextgenstudy.aspx

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Next-Gen Legal Tech Study

  1. 1. Next-Gen Legal Tech Study New lawyers are embracing analytics and visualization tools to improve legal research
  2. 2. The new generation of lawyers are embracing sophisticated visualization and analytics tools to make more informed decisions, get better results and be more productive. Next-gen lawyers have noticed. Have you? 2 Lexis Advance® is redefining legal research.
  3. 3. 3 Lexis Advance is the #1 choice for legal research among new lawyers, according to an independent study conducted by PwC, commissioned by LexisNexis. New users are realizing the benefits of recent Lexis Advance enhancements and product integrations. Lexis Advance 50% Westlaw 46% Bloomberg .5% No preference/ Other 3% Next-Generation Lawyers Choose Lexis Advance
  4. 4. 4 Next-gen lawyers value the same legal tech attributes as current practitioners Top 5 reasons driving legal tech preference: Ease of use1. Finding information quickly 2. Appearance/ design is attractive 3. Search returns expected results 4. Depth and breadth of content 5.
  5. 5. 5 What’s changed is their reliance on visualization and analytics tools Next-gen lawyers are embracing visualization and analytics tools to obtain deeper insights and work smarter.
  6. 6. Lexis Advance analytics tools are more effective for performing legal analysis. 6 Digital natives derive more value from Lexis Advance Users say Lexis Advance visualization tools make it easier to find relevant answers. Lexis Advance Westlaw Lexis Advance Westlaw
  7. 7. Gen Z lawyers believe legal technology will help them succeed in the future New lawyers believe LexisNexis training prepares them for success. 7 80% 79% say they receive excellent training from their campus rep, compared to 42% of Westlaw users say LexisNexis on-demand, self-paced training options are excellent, compared to 45% of Westlaw users
  8. 8. 8 Recommendations Cost and competitive pressures are rising each year. Firms looking for ways to make new associates productive and contribute to the bottom-line faster should: Provide access to training programs for new and established users to learn new technologies. Embrace the “know-how” of these digital natives and look to them to contribute to training programs across the firm. Equip attorneys with technology tools they value—so they work faster and smarter. 1 2 3
  9. 9. 9 LexisNexis Legal & Professional commissioned PwC Research, a global center of excellence for primary research and evidence-based consulting services and part of PwC LLP in the UK, to undertake data collection and aggregate results for the LexisNexis study. 83,909 U.S. law students from 201 law schools were invited to participate in the study which ran between August 12, 2019 – September 9, 2019 and from which 5,061 responded. Research Methodology
  10. 10. About LexisNexis Legal & Professional LexisNexis leading global provider of legal information and analytics. The company offers innovative tools for law firm, corporate, tax, government, academic and non-profit organizations that help customers increase productivity, improve decision-making, access essential insights and advance the rule of law around the world. linkedin.com/company/LexisNexis twitter.com/LexisNexis Learn more: www.LexisNexis.com/NextGen 10

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