Legacy legal research duopoly is getting crushed as AI-native rivals eat their data moat
Westlaw and LexisNexis, exactly. But yeah, if you look at how their stock is doing, I think—
Peak+5.3%
Westlaw and LexisNexis, exactly. But yeah, if you look at how their stock is doing, I think—
There's a lot of anxiety and a lot of fear. And these law firms are enormously profitable and big businesses. Kirkland Ellis turns around $10 billion a year.
at the outset of AI, many believed and made a bet that those organizations who had all the data was gonna be the winners. As we're starting to see in the market, that's no longer the case.