Lexis+ AI vs LawMatics: A Comparative Review

Finding the right legal AI tool can be overwhelming with so many options.

This comparative review breaks down two top contenders—Lexis+ AI and LawMatics—to help you determine which legal tech innovation is the best fit.

We'll explore the unique capabilities of each platform across areas like legal research, analytics, practice management, and more. You'll also get key insights into pricing, adoption considerations, and final recommendations to guide your legal AI decision.

Introduction to Legal Tech Innovations

Legal technology innovations like Lexis+ AI and LawMatics are transforming how legal professionals conduct research, automate workflows, and leverage data-driven insights. As AI capabilities evolve in the legal industry, firms now have access to powerful tools that aim to enhance efficiency, accuracy and decision making.

This article provides a comparative analysis between two leading legal AI solutions - Lexis+ AI and LawMatics. We will explore the key capabilities of each platform and evaluate how they can address common pain points faced by legal teams today. The goal is to help legal professionals determine which legal tech tool may be better suited to their unique needs and objectives.

Exploring Lexis+ AI and Its Generative AI Capabilities

Lexis+ AI leverages advanced natural language processing and machine learning to structurally analyze legal documents, predict case outcomes, streamline contract reviews and more. Some of the key features offered by Lexis+ AI include:

• Legal Analytics for data-driven insights and benchmarking
• Litigation Analytics to predict case outcomes and strategy
• M&A Clause Analytics to speed up due diligence
• Brief Analyzer to review and enhance brief quality
• Generative AI that creates first drafts for legal documents

With its robust set of AI-powered modules, Lexis+ aims to enhance efficiency and decision making across various legal tasks. The solution also provides practical guidance and legal insights derived from its analysis.

Understanding LawMatics as a Law AI Tool

LawMatics focuses on helping legal teams automate document generation, streamline research and centralize client data. Some of the key capabilities offered by LawMatics include:

• Automated document assembly with merge fields
• Custom clause and template libraries
• Centralized client database
• Automated deadline reminders
• Legal research with AI recommendations
• Workflow automation for repetitive legal tasks

By combining document automation, client management and legal research tools into a unified platform, LawMatics aims to simplify legal practice management while enhancing productivity.

What is the difference between Lexis and Lexis+?

Lexis+ is Relativity's newer, more advanced legal research and analytics platform, building on their classic Lexis legal research tool. Here are some of the key differences:

Features

• AI Capabilities: Lexis+ incorporates AI features like semantic search, natural language queries, and data analytics. Lexis does not have native AI abilities.

• Secondary Sources: Lexis+ seamlessly integrates secondary sources like law firm memos, treatises, and legal news. These are separate on Lexis.

• Litigation Analytics: Lexis+ provides litigation analytics tools to uncover insights and patterns from case law. Lexis focuses more narrowly on case law research.

• Document Review: Lexis+ enables collaborative document review workflows. Lexis is more document retrieval focused.

• Mobility: The Lexis+ mobile app provides full access to search and analytics features. The Lexis mobile experience is more limited.

Pricing

Lexis+ pricing is tiered based on desired features whereas Lexis pricing relates closely to content volume. Many Lexis+ features like AI and analytics carry additional fees.

Conclusion

Lexis+ represents the next generation of Relativity's legal research and analytics offering. Its AI abilities and litigation analytics in particular help uncover insights faster from legal data. Lexis remains a robust classic search tool. Choosing between them depends on research and budget needs.

Is Lexis better than Westlaw?

Lexis and Westlaw are both leading legal research platforms used by legal professionals. Here is a comparative analysis:

Features

• Lexis offers a wider range of legal content including case law, statutes, regulations, analytical materials, verdict & settlements, dockets, and more. It also provides news, public records, and company information.

• Westlaw has a comprehensive collection of primary law and secondary materials. It offers robust search and filtering capabilities.

• Lexis provides AI-powered legal analytics features like Lexis Analytics which delivers litigation predictions and insights. Westlaw lacks native AI abilities.

• Lexis rewards users with points for research activities. Westlaw does not offer any reward system.

Usability

• Both platforms have intuitive interfaces and powerful search functionalities.

• Lexis offers slightly better navigation and mobile access.

• Westlaw has a steeper learning curve than Lexis.

Pricing

• Lexis pricing starts at $65 per user/month with discounted annual contracts. Westlaw's pricing is relatively higher.

• Lexis pricing includes industry-leading AI legal tools like Lexis+ which helps reduce research time. Westlaw pricing does not include any AI tools.

Overall, most legal professionals prefer Lexis for the wider content coverage, built-in AI abilities, and attractive pricing. However, Westlaw remains a popular alternative with its comprehensive law collection and advanced search features. The choice eventually depends on specific research needs and budget.

Do attorneys use LexisNexis?

LexisNexis offers a robust set of legal research tools and resources widely used by attorneys in law firms of all sizes.

According to surveys, over 77% of large law firms reported increased productivity from using LexisNexis for legal research. Reasons attorneys rely on LexisNexis include:

• Access to comprehensive legal databases: LexisNexis provides access to an extensive collection of legal documents, case law, statutes, regulations, verdicts, and more. This saves attorneys time in finding relevant legal information.

• Advanced search capabilities: LexisNexis offers advanced Boolean search features, filters, and alerts to quickly zero in on relevant case law and legal documents. This increases research efficiency.

• Practical guidance: Many LexisNexis services provide practice notes, checklists, model forms, and how-to guides alongside case law research. This assists attorneys in applying the law.

• Analytical tools: Some LexisNexis products include litigation analytics, verdict & settlements analytics, and legal analytics tools to uncover insights from data. This helps attorneys decide legal strategy.

In summary, LexisNexis is widely relied upon by attorneys in firms of all sizes as a vital legal research tool to enhance productivity, efficiency, and client service quality. Its comprehensive content and advanced capabilities make LexisNexis a staple resource for legal professionals.

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Does LexisNexis use artificial intelligence?

LexisNexis offers advanced AI capabilities through its Lexis+ legal research platform. Specifically, Lexis+ integrates artificial intelligence in the following ways:

Search and Discovery

The search function in Lexis+ is powered by an AI algorithm that understands context and intent behind search queries. This allows it to return the most relevant case law, analyzing citations and documents to identify the ones that best match the search.

Drafting Tools

Lexis+ contains tools like Lexis Draft that can generate first drafts of legal documents like briefs, memos, and contracts based on a few input parameters. This automated drafting is made possible through AI.

Analytics

The platform provides litigation analytics and legal analytics tools that rely on AI to surface insights from case law. These tools can identify trends, patterns, and relationships in data that would be impossible to uncover manually.

So in summary, LexisNexis utilizes AI across its suite of legal research and analytics tools to enhance search, automate drafting, and reveal insights. This allows legal professionals to work more efficiently and strategically. The AI is designed to augment human capabilities rather than replace them.

Comparative Review of Lexis+ AI and LawMatics Features

Lexis+ AI and LawMatics offer useful capabilities for legal professionals seeking to leverage technology, but have some key differences in their features and functionality.

Legal Research Capabilities: Lexis+ vs LawMatics

Lexis+ provides vast legal databases and advanced AI to surface insights from case law. LawMatics focuses more on document automation versus legal research.

Legal Analytics and Litigation Analytics Tools

Lexis+ uses AI and analytics for litigation prediction. LawMatics does not provide litigation analytics features.

AI Automation and Practical Guidance

Lexis+ leverages generative AI to produce draft legal documents. LawMatics specializes in document automation for high-quality templates.

Managing Legal Practice: A Comparative Analysis

Lexis+ integrates practice management features like calendaring and billing. LawMatics is more focused on document creation than law practice management.

Customer Support and Legal Insights Accessibility

Lexis+ provides strong customer service given its size. LawMatics offers specialized support as a smaller provider. Both have forums and content.

In summary, Lexis+ is better for legal research with more extensive databases and litigation analytics using AI. LawMatics excels at document automation. Professionals should evaluate their specific needs.

Evaluating the Cost of Legal AI Tools: Lexis+ AI vs LawMatics

Pricing Plans Overview for Legal Technology

Lexis+ AI and LawMatics offer different pricing models for their legal technology solutions.

Lexis+ AI is included with a Lexis Advance subscription. Pricing varies based on the size of the legal team and number of users. Lexis Advance offers flat-rate unlimited plans or pay-as-you-go options.

LawMatics pricing is based on a subscription model determined by the number of users and features needed. Plans range from Starter, Growth, Business, and Enterprise subscriptions. Volume discounts may be available.

The main variables that influence cost are:

• Number of users/attorneys
• Number of features/tools enabled
• Data storage needs
• Ongoing support needs

Real-World Cost Simulation Examples

Here are some examples to compare potential real-world costs:

Small Law Firm

• 5 attorneys
• Core legal analytics features
• 5GB data storage
• Email support

Lexis+ AI: Included with Lexis Advance subscription (~$2,500/month)

LawMatics: $1,250/month

Mid-Sized Law Firm

• 15 attorneys
• Full suite of legal analytics tools
• 50GB data storage
• Phone and email support

Lexis+ AI: Included with Lexis Advance subscription (~$5,000/month)

LawMatics: $3,000/month

In summary, LawMatics pricing aims to scale along with the law firm's growth, while Lexis+ AI pricing is dependent on the overall Lexis Advance subscription bundle. For small legal teams, LawMatics may offer more affordable entry pricing, while large enterprises may find value in Lexis+ AI by consolidating more services under one contract.

Adoption of AI in Law: Implementing Lexis+ AI and LawMatics

Onboarding and Setup Procedures

Integrating AI solutions like Lexis+ and LawMatics into existing legal workflows can provide efficiency gains, but requires thoughtful implementation.

When adopting Lexis+, firms should expect an implementation process that involves:

• Configuring user permissions and access levels
• Mapping content to practice areas and matters
• Setting up alerts and notifications

LawMatics setup focuses more on:

• Importing case data
• Configuring analytics and metrics
• Enabling integrations with other platforms

Both tools aim to simplify deployment, but Lexis+ may require more change management while LawMatics needs heavy data preparation.

User Experience and Learning Curve

Lexis+ emphasizes natural language search and virtual assistants for legal research. The experience is familiar for users of LexisNexis products. With embedded AI, Lexis+ does take some orientation to leverage fully.

LawMatics has a visual interface for litigation analytics. While innovative, it entails a steeper learning curve for lawyers used to more traditional tools.

Firms should weigh ease of use against functionality when prioritizing Lexis+ vs LawMatics for adoption. More training and support may be required for LawMatics' advanced analytics.

Multilingual Support in the Legal Industry

LexisNexis provides extensive content and language support, with Lexis+ available in major languages like Spanish and Portuguese. This facilitates usage across regions.

As a newer platform, LawMatics has focused first on core features. So far it offers an English-only experience. Firms with multilingual needs may find Lexis+ better positioned currently.

However, both tools incorporate AI that is largely language-agnostic. As they continue advancing NLP capabilities, multilingual support should expand.

Summarizing the Comparative Review: Lexis+ AI vs LawMatics

Main Takeaways from the LegalTech Trends Analysis

Lexis+ AI and LawMatics both offer useful AI-powered legal tools, but have some key differences. Lexis+ provides more advanced AI capabilities, while LawMatics focuses more on legal analytics and insights.

When choosing between them, South American legal teams should consider:

• Lexis+ if you need cutting-edge AI like predictive coding and contract review automation
• LawMatics if you want litigation analytics and data-driven insights

Both can help enhance efficiency and reduce costs, but have different strengths based on needs.

Final Recommendations for AI-powered Legal Tools

For most South American legal teams, LawMatics may provide the best balance of useful legal analytics without advanced AI that could be overkill.

Lexis+ is better suited for large law firms needing generative AI, while smaller firms can benefit more from LawMatics' focus on practical insights.

Evaluate your specific priorities and budget to decide if advanced AI capabilities are worth 2-3x the cost of robust legal analytics. LawMatics can provide 80% of the value for 30% of the price.

In summary:

• LawMatics for smaller legal teams wanting analytics
• Lexis+ for advanced AI needs and automation
• Assess if AI value aligns with higher costs

Choosing the right platform depends on your firm's unique needs and financial considerations.

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