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Practical Law vs LexisNexis

What is Ƶ?

Ƶ 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 solution 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
Ƶ
Practical Law
LexisNexis
AI and Machine Learning Capabilities

✅ Lawyer-supported AI and ML at the core of the platform

❌ 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

✅ AI-assisted contract drafting capabilities

✅ 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 solutions

Contract Review

✅ AI-powered contract analysis with clause-specific risk assessments

✅ 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

✅ AI-powered 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: Ask Genie to edit your styling, suggest new clause text, or analyze key clauses. Shows tracked changes, and is private per party. Genie assists with and automates entire workflows, not just producing text responses.

✅ 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

❌ AI-powered legal research assistance available within the document editor, requiring specific prompts.

✅ 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

✅ Tools to support negotiation, including clause-by-clause editing and collaboration features.

✅ 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

✅Ƶ offers OCR capabilities. ✅Ƶ offers data extraction through their API and integrations.

❌ Limited capabilities compared to specialized tools

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

COLLABORATION & WORKFLOW
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Practical Law
LexisNexis
Collaboration Tools

✅ Built-in real-time collaboration features just like Office365 or Google Docs (No need to download your red-lined version, and make it editable, then send it on - it's all doable within Genie)

❌ 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 automation

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

❌ Some workflow capabilities but primarily through separate products like CounselLink

Contract Management

✅ Manage your projects and organize your own template and clause library

❌ Requires integration with separate Thomson Reuters products

❌ Available through CounselLink but requires separate subscription and implementation

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Comprehensive usage analytics and reporting for enterprise clients

✅ Comprehensive legal analytics through Lex Machina and other specialized tools

LIBRARIES & TEMPLATES
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Practical Law
LexisNexis
Private Clause Library

✅ Private clause library (usable only by your legal team)

✅ Ability to create and maintain private clause libraries

✅ Ability to create and maintain private clause libraries

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No community template library

Private Template Library

✅ Bring your own library of private templates usable only by your legal team, within Genie

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

✅ Extensive professionally-drafted templates and forms across practice areas

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

✅ Cloud-based (SaaS)

✅ Cloud-based and on-premises deployment options available

✅ Cloud-based and on-premises deployment options available

Microsoft Word Compatibility

✅ Import and export Word documents (.docx) with reasonable formatting fidelity. Some styling and complex formatting may not be perfectly preserved.

✅ Native Microsoft Word Add in through CoCounsel Drafting

✅ Integration with Microsoft Word through various add-ins

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

✅ .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 Microsoft Word, allowing direct editing and collaboration within the platform.

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

✅ Integration with various legal tools and practice management systems

Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

✅ Supports complex legal styling and formatting

✅ Supports complex legal styling and formatting

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

❌ End-to-end encryption and encryption at rest

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

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

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ ISO27001, SOC2, and other major security certifications

✅ ISO27001, SOC2, and other major security certifications

Data Sovereignty & Privacy

✅ Ƶ prioritizes data sovereignty by not training its models on user data. However, data may be processed by third-party LLMs subject to their respective data handling policies.

✅ Strong data sovereignty controls with regional data centers

✅ Regional data centers and strong data sovereignty controls

Authentication Methods

❌Multiple authentication options (coming soon) (request this feature)

✅ Multiple authentication options including SSO

✅ Multiple authentication options including SSO and multi-factor authentication

Permissions & Access Control

✅ Granular access control features

✅ Granular user permissions and access controls

✅ Granular user permissions and access controls

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

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

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

Customer Support Options

✅ Multiple support channels available (e.g., email, in-app messaging)

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

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

Onboarding Process

✅ For our custom plans, get setup within 3 days with a guided onboarding plan

❌ Comprehensive but often requires weeks to months for full implementation

❌ Comprehensive but often requires weeks to months for full implementation

Training & Resources

✅ 1-2 weeks from agreement to full implementation

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
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Practical Law
LexisNexis
Pricing Model

✅ Ƶ offers a range of subscription plans based on usage.

❌ 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

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