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By Sean Fitzpatrick
Did you hear? According to an independent study by PwC, Lexis Advance ranks #1 among next-gen lawyers. Law school preference is something that we’ve been tracking at LexisNexis for many years, and we’re thrilled to see the favorable response to the enhancements we’ve made to our Lexis Advance platform as well as our visualization and legal analytics tools.
While we’ve been tracking law school preference internally, we wanted to take it a step further. So, to better understand future lawyer’s opinions and preferences, we commissioned PwC to conduct a blind survey of more than 5,000 law students across the U.S. The results were consistent with our previous findings: 50% of next-gen lawyers said they prefer Lexis Advance for legal research. Only 46% preferred Westlaw and 0.5% preferred Bloomberg Law, while 3% cited other/no preference.
If we take a closer look at the survey data, nearly 73% of next-gen lawyers cited ease-of-use and roughly 62% cited speed of finding information as their main criteria for selecting a legal research platform. What’s even more interesting is that their preference for Lexis Advance was based on analytics tools, visualization tools and training. To break it down:
· A majority (77%) of future lawyers who prefer Lexis Advance say that its analytics tools are more effective for helping them perform legal analysis.
· A majority (80%) of Lexis Advance-preferred users say its visualization tools make it easier to find relevant results.
· And the vast majority (70%) of future lawyers say that LexisNexis provides more effective training to prepare them for success beyond the classroom.
So, what does this mean for the legal industry?
Our customers are evolving as technology is altering the way they work. More specifically, this next generation of lawyers, comprised of Gen-Z, have higher expectations around technology and how it will impact their work, productivity and success. As Gen-Z lawyers, or those born between 1995 and 2015, enter the workforce, they are consuming and leveraging technology in ways that prior generations of lawyers never have. They’re digital natives who grew up with technology at the center of their lives. And emerging new legal research tools, including Lexis Advance, are becoming integral to how future lawyers operate.
To stay ahead of the competition, law firms need to anticipate and prepare for the rapidly changing dynamic this next generation of lawyers will soon bring to their firms. Gen-Z lawyers will expect that their future employers provide the advanced technologies that they’ve grown up
with. Those firms that embrace these changes today will be better able to attract and retain the best and brightest minds – positioning themselves for future success.
At LexisNexis, we’ve long recognized that change is coming. We’ve made significant investments in our product platform, including delivering the most advanced AI and analytics in the market to help our customers achieve better outcomes. While LexisNexis has historically been known as a leader in terms of content and legal data, we’re now also leading in AI, analytics and data visualization tools.
We continue to invest heavily in our flagship Lexis Advance platform to make it even more effective, and ultimately, to help our customers be more efficient, productive and deliver greater value to their firms. And it’s showing … as Lexis Advance is speaking to this next-generation lawyers.
To learn more about how Lexis Advance wins against the competition, click here.
Sean Fitzpatrick is managing director of North American Research Solutions at LexisNexis Legal & Professional. To learn more about LexisNexis Legal & Professional, visit lexisnexis.com.