LexisNexis, a RELX Company Strengths, Domain Expertise, and Key Differentiators
LexisNexis is a global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. It is part of RELX Group and serves customers in more than 130 countries with more than 10,500 employees worldwide. LexisNexis is focused on introducing next-generation products and solutions on the global New Lexis platform and infrastructure.
Flagship products for legal research are Lexis.com, Lexis Advance, and InterAction CRM. LexisNexis continues to invest in advanced ML and AI capabilities that help power Lexis Advance.
In 2018, these technologies were used to enhance the Lexis Answers solution which leverages advanced NLP technologies, with the introduction of additional question types and features.
LexisNexis, a RELX Company Recent Developments
In September 2020 LexisNexis Legal and Professional launched Lexis+, a feature-rich, premium legal solution. Lexis+ unites advanced research, practical guidance, brief analysis, and enhanced tools with a modern user experience to deliver data-driven insights, greater efficiency, and better outcomes.
Lexis+ users will appreciate the dramatic visual styling and simplified layout designed to set a new standard in ease of use. Striking imagery, bold colors, and typography improve readability, reduce visual “clutter” and emphasize essential information and tasks. The new Experience Dock creates an integrated starting point for core legal tasks and enables seamless switching between product experiences and workflows. New and intuitive features, such as Search Tree, Code Compare, and Shepard's At Risk, make it easy for practitioners to access the information and insights they need, control their search experience and provide better counsel. Altogether, Lexis+ delivers on the demand for legal solutions that look and work more like the modern technology products that attorneys use in their personal lives.
In 2018, LexisNexis enhanced Lexis Advance by incorporating advanced visualizations including 'Ravel View', a visualization enhanced by Shepard’s treatment insights that transform traditional case law search lists into a map of the most authoritative cases.
In 2018, LexisNexis also introduced Shepard’s Case Card, which visually displays key Shepard’s data such as the number of citing references, type of treatment, and most cited headnote for case law search results. LexisNexis also continues to expand the reach of its decision tools and analytics.
In 2018, LexisNexis launched Lexis Analytics, a suite of analytics tools that incorporates the capabilities of Lex Machina, Intelligize, and Ravel Law. In conjunction with the launch of Lexis Analytics, LexisNexis also launched Context, a legal language analytics solution that enables users to extract language deemed most persuasive by judges from court opinions, challenges, and motions. The legal analytics tool Lex Machina also extended its reach with the addition of four new modules in 2018, including Trade Secret and Insurance, taking the total number of practice areas covered to 13.
Lexis Practice Advisor rolled out an additional eight modules, including Antitrust, Data Privacy and Security, and Trusts and Estates, taking the total to 17 active modules. In the Intellectual Property analytics space, LexisNexis proprietary Patent Asset Index, created by PatentSight, is used by corporations worldwide to manage and value their intellectual property portfolios.
In 2018, LexisNexis also launched a State Law Comparison Tool on Lexis Practice Advisor, which covers four practice areas and 51 jurisdictions. The tool compares differences in the law across state jurisdictions and produces a cust.
LexisNexis, a RELX Company Mergers and Acquisitions (M&A) Activities
In March 2020 LexisNexis Risk Solutions, part of RELX acquired Emailage, the Arizona-based fraud prevention, and risk management solutions, provider. Emailage provides fraud risk scoring solutions based on email intelligence.
Founded in 2012, Emailage operates in the fraud and identity sector where customer needs are in constant flux due to digital commerce expansion across industries and geographies. Emailage’s fraud prevention solutions assess fraud risks by utilizing email address metadata, a differentiated global contributory network, and machine learning algorithms. Now part of the Business Services Group of LexisNexis Risk Solutions, Emailage will enhance the LexisNexis Digital Identity Network with its best-in-class email intelligence and contributory network. LexisNexis Risk Solutions and Emailage already have an established commercial partnership to offer the email risk assessment to customers around the world. This is a global acquisition for LexisNexis Risk Solutions – Emailage has established market presence in the U.S., Latin America, Europe, and the Asia Pacific.
In January 2020 LexisNexis Risk Solutions has agreed to purchase ID Analytics from NortonLifeLock for $375 million to enhance its credit and fraud risk assessment capabilities for enterprises. The Atlanta-based risk management business said its proposed acquisition of San Diego-based ID Analytics will help with the delivery of risk insight through a combination of proprietary data, patented analytics, and near-real-time cross-industry consumer identity behavior.
The transaction is expected to close in the first calendar quarter of 2020, and LexisNexis Risk Solutions declined to make Trainor or another executive available for comment. NortonLifeLock’s stock is up to $0.17 (0.64 percent) to $26.66 in trading Monday morning, while the stock for LexisNexis Risk Solutions parent company Relx is up to $0.03 (0.12) to $25.31 in early Monday trading.
ID Analytics was founded in 2002, employs 128 people, and raised $35.2 million in outside funding before being acquired by LifeLock in March 2012. LifeLock was in turn purchased by Symantec for $2.3 billion, and three years later the entire company was rebranded as NortonLifeLock following the $10.7 billion sales of Symantec’s Enterprise Security division to Broadcom.
LexisNexis acquired Lex Machina, creator of Legal Analytics, a technology platform that transforms how law firms and companies excel in the business and practice of law. Lex Machina delivers a Software as a Service platform that helps lawyers predict the behaviors and outcomes of different legal strategies by mining, tagging, categorizing, and enhancing millions of Federal court dockets and documents.
LexisNexis, a RELX Company Customers in ARTW Customer Database
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LexisNexis, a RELX Company Overview
Ownership: - LON: REL
Number of Employees: 10600
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
LexisNexis, a RELX Company Key Enterprise and Cloud Applications
LexisNexis, a RELX Company Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
LexisNexis, a RELX Company Revenue Breakdown By Type, $M:
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LexisNexis, a RELX Company Enterprise Applications Revenues By Functional Markets, $M:
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LexisNexis, a RELX Company Revenues By Region, $M
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LexisNexis, a RELX Company Customers - Breakdown by Geo, Size, Vertical and Product
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No. of LexisNexis, a RELX Company Enterprise Applications Customers: x
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No. of LexisNexis, a RELX Company Cloud Subscribers: x
Serving customers in more than 130 countries, LexisNexis provides resources and services that inform decisions, increase productivity, and drive new business.
LexisNexis helps professionals work faster, more easily, and more effectively through its research service portfolio, which offers access to 60,000 sources for legal, news, business information, and public records. Each day the service processes more than 40 million documents and 77 million public records, with more than 1 trillion connections across all content types.
In March 2018 LexisNexis sold the LexisNexis eDiscovery product suite to CloudNine, a legal discovery technology company with expertise in simplifying and automating the discovery of data for audits, investigations, and litigation.
LexisNexis, a RELX Company Market Opportunities, M&A and Geo Expansions
In June 2020 LexisNexis Legal and Professional, launched Lexis Product Liability Navigator on the Lexis Advance platform. Lexis Product Liability Navigator is the second in the Navigator franchise, joining the previously released Lexis Medical Navigator. These purpose-built solutions for complex forms of litigation are uniquely designed to complement the way lawyers and research professionals in these practice areas work and significantly reduce the time it takes them to get the insights and information they need.
Lexis Product Liability Navigator helps corporate counsel and product liability attorneys quickly assess the validity, value, and potential risk of a case, obtain critical information and insights across all LexisNexis content, and formulate case strategies while reducing research hours spent on case preparation.
Built from the ground up in collaboration with leading product liability attorneys, Lexis Product Liability Navigator intuitively combines all of the tools, content, and information that attorneys and researchers need to assess and prepare for cases and creates workflow efficiencies that improve upon how practitioners actually perform these tasks. Combined with information, data, and analytics from LexisNexis Context and Verdict & Settlement Analyzer, Lexis Product Liability Navigator provides practitioners with an effective, efficient platform for validating product liability cases in a single, comprehensive dashboard.
In April 2020 The Health Care business of LexisNexis Risk Solutions has launched a free COVID-19 Data Resource Center to provide county-level insights on at-risk populations and potential care capacity gaps to support the U.S. healthcare industry’s response to the COVID-19 pandemic. By combining its own data and analytics with those of other industry stakeholders, the company created insights that can be used by healthcare organizations, public health officials, and health researchers to help allocate resources to the populations with the greatest need.
In 2018, LexisNexis continued to release new versions of Lexis Advance, an innovative web and mobile application designed to transform how legal professionals conduct research and use analytics and data to drive decision making. Built on the New Lexis advanced technology platform, Lexis Advance allows customers within legal and professional organizations to find relevant information more easily and efficiently, helping to drive better outcomes.
In 2018, LexisNexis further increased practical guidance functionality. This included adding greater depth and practical overlay to the core content set, launching new content types such as interactive workflow documents, as well as further investment in LexisPSL’s search capability. Contract productivity and proofreading tool LexisDraft is widely used among the largest law firms, while MLex has become a leading source of regulatory news and insight for legal professionals. Tolley, the LexisNexis tax intelligence suite, continued to expand its reach in 2018, with tax firms of all sizes leveraging TolleyLibrary and TolleyGuidance.
In the UK, LexisNexis is a leading legal information provider offering an extensive collection of primary and secondary legislation, case law, expert commentary, practical guidance, and current awareness.
Its extensive portfolio includes a number of leading brands: Halsbury’s, Butterworths, Tolley, MLex, and Jordan Publishing.
In 2018, LexisNexis has continued to bring increasingly sophisticated analytics to market, such as Tolley. AI, a question-and-answer research tool that uses NLP to understand and answer customer questions within the tax practice area.
In South Africa, LexisNexis launched a regulatory monitoring service for 13 African countries, through its online Lexis Assure product. In Austria, LexisNexis launched two modules for Lexis360, targeting the tax and corporate segments, adding video content, and webinar capabilities. In the Middle East, LexisNexis launched Gulf Legal Advisor, an integrated practical guidance solution. In the Asia Pacific region, LexisNexis continued its focus on providing authoritative local online content embedded in decision tools for legal professionals. In Australia, the New South Wales Court of Appeal Analyser was launched with data visualization, and New Zealand launched ComplyHub, which is a regulatory compliance tool for small and medium-sized businesses. LexisChina released a new version of its flagship online legal research platform with improved user experience features and expanded the content.
LexisNexis, a RELX Company Risks and Challenges
Migrating to the Cloud is a work in progress.
LexisNexis, a RELX Company Ecosystem, Partners, Resellers and SI
LexisNexis Legal and Professional products and services are generally sold directly to law firms and corporate, government, accounting, and academic customers on a paid subscription basis, with subscriptions with law firms often under multi-year contracts.
LexisNexis Legal & Professional is headquartered in New York and has further principal operations in Ohio, North Carolina and Toronto in North America, London, and Paris in Europe, and cities in several other countries in Africa and the Asia Pacific. In international markets outside North America, LexisNexis serves legal, corporate, government, accounting, and academic markets in Europe, Africa, and the Asia Pacific with local and international legal, regulatory, and business information.
The most significant of these businesses are in the UK, France, Australia, and South Africa. In Canada, LexisNexis enhanced Lexis Advance Quicklaw by incorporating advanced data visualization with the introduction of search Term Maps.
LexisNexis, a RELX Company Cloud Infrastructure Insights
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