Practical Law vs LexisNexis

Let's compare these tools on features, pricing, reviews and market focus. Let's test the accuracy, security and compliance of their Legal AI too.

What is Practical Law?

Practical Law is Thomson Reuters' legal know-how platform, providing practice notes, standard documents, and checklists to help lawyers streamline their legal work.

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What is LexisNexis?

LexisNexis provides legal research software, analytics, and content management solutions for law firms and legal professionals, combining legal databases with AI-powered search and analysis tools.

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Capabilities
Practical Law
LexisNexis
Additional Note
Sub-brands and synonyms

✅ Comprehensive legal resources, know-how, and document automation

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✅ Comprehensive legal research and analytics platform, unlike Genie

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Unique product features and capabilities that differentiate the platform from competitors in the legal tech market.
Legal AI and Machine Learning Capabilities

✅ AI-powered tools like Westlaw Edge AI, Fast Draft, and Drafting Assistant

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✅ AI-powered search and analytics, but not AI-assisted drafting like Genie

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Advanced algorithms that learn from legal documents to automate and enhance contract analysis, drafting, and review processes.
Encryption standards

✅ Robust data encryption measures, unlike Genie

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✅ Enterprise-grade security measures in place, similar to Genie

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Does data remain encrypted during transmission and storage, protecting sensitive information at every stage of handling?
Security certificates

✅ Compliant with ISO27001, SOC2, and other industry standards

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✅ Compliant with major security standards, including ISO27001, like Genie

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Which recognized security certifications and regulatory standards can verify the robustness of the platform's data protection measures?
Data sovereignty

✅ Strict data privacy and sovereignty policies in place

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✅ Operates in compliance with data sovereignty regulations

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Can the customer own their own data, or can the platform use it and process it, to train their Legal AI models for example?
Authentication methods

✅ Supports various authentication methods, including SSO

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✅ Supports various authentication methods, including SSO

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Does the platform offer secure login options including API keys, 2FA, tokens, and/or single sign-on to manage system access?
Permissions and access control

✅ Granular user permissions and access control features

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✅ Granular access control features available

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Can you manage who can view, edit, and share documents through customizable user roles and restrictions?
Data Privacy

✅ Compliant with GDPR and other data privacy regulations

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✅ Compliant with GDPR and other data privacy standards, like Genie

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Does the platform comply with international data protection requirements including GDPR, CCPA, and other regional privacy laws?
Contract Drafting

✅ Automated contract drafting with Fast Draft and Drafting Assistant

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❌ No AI-assisted contract drafting capabilities, unlike Genie

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Does the platform offer a streamlined system for creating full-length legal documents from scratch using AI-powered suggestions, templates, and clause libraries?
Collaboration Tools

❌ Limited real-time collaboration features compared to Genie

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❌ Limited collaboration features compared to Genie's real-time collaboration

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Does the platform enable multiple team members to work together on contracts in real-time, with comments, tracked changes, and version control?
Contract Review

✅ AI-assisted contract review with Westlaw Edge AI

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❌ No AI-driven contract analysis or clause-level reviews, unlike Genie

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Can the platform run a systematic analysis of legal documents to identify risks, obligations, and key terms while suggesting necessary changes and improvements?
Contract Management

❌ No comprehensive contract management capabilities unlike Genie

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❌ No comprehensive contract management features, unlike Genie

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Does the platform house a centralized system to store, track, and monitor contracts throughout their lifecycle, from creation to expiry?
Workflow Automation

❌ Limited workflow automation features compared to specialized tools

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✅ Some workflow automation capabilities for legal research and analytics

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Does the platform automate routine legal tasks and document processes through customizable rules and triggers, reducing manual work and streamlining operations?
Complex Legal Styling and Formatting

✅ Supports complex legal styling and formatting in documents

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❌ Limited support for complex legal styling and formatting, unlike Genie

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Can you automatically apply and maintain professional legal document formatting, including numbering, cross-references, and hierarchical styles when editing, and when importing/exporting to MS Word?
Integration Capabilities

✅ Integrates with various Thomson Reuters tools and platforms

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✅ Integrates with various legal and business tools

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Can you connect with your existing software via standardized APIs and/or custom integrations?
E-signature

❌ No built-in e-signature capabilities, unlike some competitors

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❌ No built-in e-signature capabilities, unlike Genie's upcoming feature

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Can you digitally sign and execute contracts within the platform, without using a 3rd-party, or printing and scanning?
Reporting and Analytics

✅ Robust reporting and analytics features for legal research

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✅ Extensive reporting and analytics features for legal research

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Can the platform track, measure, and visualize contract data, or team usage data to provide real-time ROI figures, actionable business and individual performance insights?
Document Assembly

✅ Document assembly capabilities with Practical Law's resources

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❌ No AI-powered document assembly, unlike Genie

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Can the platform be used to combine pre-approved legal content and templates to quickly create new contracts and legal documents?
AI Document Editing

❌ Limited AI-powered document editing features compared to Genie

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❌ No AI-powered document editing capabilities, unlike Genie's market-leading feature

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Does the platform enhance document editing by suggesting improvements, corrections, and alternative language in the document, in real-time?
Legal Research Integration

✅ Seamless integration with Westlaw and other legal research tools

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✅ Comprehensive legal research capabilities, more advanced than Genie's top-level AI legal research

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Does the platform directly connect to legal databases and precedents that enable research and citation while drafting documents?
Negotiation Support

❌ No specific negotiation support tools unlike Genie

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❌ No specific negotiation support tools, unlike Genie

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Can the platform help track, manage and respond to contract changes and counterparty requests during negotiations?
Data Extraction and OCR

❌ Limited data extraction and OCR capabilities compared to specialized tools

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✅ Advanced data extraction and OCR capabilities for legal documents

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Can the platform automatically convert scanned documents and images into searchable, editable text while pulling out key information and data points?
Mobile Accessibility

✅ Mobile-optimized interface for access on-the-go

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✅ Mobile apps available for legal research and analytics

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Does the platform have a mobile-optimized interface that allows users to access, review and manage contracts from smartphones and tablets?
Integration with file storage (e.g. Google Drive, Dropbox)

❌ No direct integration with third-party file storage services

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✅ Integrates with various file storage solutions

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Does the platform connect with popular cloud storage platforms to access and manage documents directly within the system?
Community clause library

❌ No community-driven clause library unlike Genie

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❌ No community clause library, unlike Genie

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A shared database of legal clauses contributed and used by legal professionals across organizations, enabling standardized contract language.
Private clause library (for your firm)

✅ Ability to create and manage private clause libraries

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❌ No private clause library feature, unlike Genie's upcoming feature

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A secure repository where organizations store and manage their own frequently-used contract clauses and legal language.
Community template library

❌ No community-driven template library unlike Genie

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❌ No community template library, unlike Genie

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A shared collection of pre-built legal document templates, contributed to and accessible by all users of the platform.
Private template library (for your firm)

✅ Ability to create and manage private template libraries

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❌ No private template library feature, unlike Genie

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A secure collection of your organization's customized document templates, accessible only to authorized team members within your company.
Microsoft Word Compatibility

✅ Seamless integration with Microsoft Word and other Office tools

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✅ Supports Microsoft Word documents for legal research and analytics

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A seamless integration with Microsoft Word that allows users to draft and edit documents directly within the familiar Word interface.
Formatting pain points

✅ Consistent formatting and compatibility across devices and versions

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❌ Some user reviews mention formatting inconsistencies across different versions

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Does the platform have known common formatting challenges when importing/exporting legal documents? Think table layouts, numbering, and style consistency, for example.
User reviews and known issues

✅ Generally positive reviews, with some reported issues in specific areas

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✅ Generally positive reviews, with some mentions of a learning curve for advanced features

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A collection of verified 3rd-party customer reviews documenting any known technical issues.
Customer support options and responsiveness

✅ Multiple support channels, including phone, email, and online resources

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✅ Multiple support channels available, including phone, email, and live chat

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Is there a dedicated support team providing assistance through multiple channels including live chat, email, and phone, with defined response time commitments?
Dedicated account manager

✅ Dedicated account managers available for enterprise clients

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✅ Dedicated account managers available for enterprise clients

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Is there a designated professional who provides personalized support and technical guidance for your platform usage and needs?
Setup and onboarding

✅ Comprehensive onboarding and training resources available

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✅ Guided onboarding and training available, but may take longer than Genie's 3-day setup for custom plans

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Is there a structured process to get teams up and running with personalized training, data migration, and system configuration support?
Setup and onboarding

✅ Comprehensive onboarding and training resources available

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✅ Guided onboarding and training available, but may take longer than Genie's 3-day setup for custom plans

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Is there a structured process to get teams up and running with personalized training, data migration, and system configuration support?
Company history and development background

✅ Established legal tech company with a long history of innovation

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✅ Well-established legal research and analytics company with a long history

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A timeline of the company's founding, growth milestones, and key developments in its product evolution and market presence.
Age of company and depth of AI integration

✅ Decades of experience, with increasing AI integration in recent years

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✅ Founded in 1970s, with AI integration in recent years, but not as deep as Genie's AI focus from inception

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A measure of company maturity and experience in developing and implementing artificial intelligence solutions for legal work.
AI accuracy and transparency

✅ Transparent about AI capabilities and limitations

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✅ Uses proprietary AI models for legal research and analytics, but less transparent than Genie's AI supported by academic institutions

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A clear framework showing how AI makes decisions and measuring the reliability of its outputs across legal tasks.
Market penetration

✅ Widely adopted by law firms, corporations, and government agencies worldwide

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✅ Large customer base, including major law firms and corporations worldwide

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How widely the product is adopted across different organizations, from small businesses to major enterprises, and total active users.
Open-source vs. proprietary models

✅ Proprietary AI models developed in-house

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✅ Proprietary AI models for legal research and analytics

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AI models that are publicly accessible vs those exclusively owned and controlled by the company.
Deployment options

✅ Cloud-based and on-premises deployment options available

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✅ Cloud-based and on-premises deployment options available

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Is the platform accessible on the cloud and/or can it be installed directly on-premises, or using company servers?
Target market

✅ Serves law firms, in-house legal departments, and government agencies

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✅ Primarily targets law firms and in-house legal departments, less focus on SMEs compared to Genie

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Who is the product designed for? In-house legal teams, law firms, sole practitioners or SME?
Industry specialism

✅ Covers a wide range of legal practice areas and industries

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✅ Covers various industries, with a focus on legal and regulatory sectors

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Is the platform focused on a handful of sectors, or mass-market?
Countries of operation

✅ Global coverage, with jurisdiction-specific content and resources

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✅ Global coverage, with a presence in over 100 countries

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Which countries and legal systems the platform operates in and supports.
Pricing model and cost structure

✅ Subscription-based pricing, with annual licenses starting at $6,000 per user

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❌ Pricing not publicly available, estimated at $10,000+ per annual company license, following a multi-week discussion with their sales team, unlike Genie's transparent pricing tiers

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Subscription fees, usage limits, and additional costs for accessing and using the platform's features.
Uptime guarantee and service level agreements

✅ Offers uptime guarantees and SLAs for enterprise clients

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✅ Offers SLAs with uptime guarantees for enterprise clients

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Service reliability commitments and performance standards that specify system availability and response times.
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