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Practical Law vs LexisNexis

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Core featuresPricingIntegrations & interoperabilityQuality of ServicePerformance & availabilitySecurity & compliance

What is Ƶ?

Ƶ is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

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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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Detailed
CORE CAPABILITIES
Ƶ
LexisNexis
AI and Machine Learning Capabilities

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

❌ 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

❌ Provides contract review capabilities through Lexis+ AI, but primarily focused on legal research rather than contract workflows

Document Assembly

✅ AI-powered document assembly

✅ 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 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 and free dedicated research platform: https://search.genieai.co/

✅ 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.

❌ 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.

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

COLLABORATION & WORKFLOW
Ƶ
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 native real-time collaboration features compared to modern document editors

Workflow and Approval Management

✅ Workflow automation

❌ Some workflow capabilities but primarily through separate products like CounselLink

Contract Management

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

❌ Available through CounselLink but requires separate subscription and implementation

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Comprehensive legal analytics through Lex Machina and other specialized tools

LIBRARIES & TEMPLATES
Ƶ
LexisNexis
Private Clause Library

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

✅ Ability to create and maintain private clause libraries

Community Template Library

✅ Community template library available to create modular contracts

❌ 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 forms across practice areas

TECHNICAL ASPECTS
Ƶ
LexisNexis
Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

✅ 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.

✅ Integration with Microsoft Word through various add-ins

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

❌ 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.

✅ 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

Security & compliance
Ƶ
LexisNexis
End-to-end Encryption

✅ End-to-end encryption and encryption at rest

✅ 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

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.

✅ Regional data centers and strong data sovereignty controls

Authentication Methods

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

✅ Multiple authentication options including SSO and multi-factor authentication

Permissions & Access Control

✅ Granular access control features

✅ Granular user permissions and access controls

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ 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

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

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

PRICING & ROI
Ƶ
LexisNexis
Pricing Model

✅ Ƶ offers a range of subscription plans based on usage. Visit https://roi.genieai.co/ to get an Enterprise quote and see how much you could save.

❌ 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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