Extract from Rhys Dipshan’s article “Legal Research’s COVID-19 Strategy: Full Speed Ahead”
For legal research companies, there’s no denying it: The market’s changing. But unlike other areas of the legal tech industry, which have responded to the dour economic climate with layoffs and cutbacks, legal research companies, for now, are in staying the course.
While many are confident that robust demand for their products will continue, they do see the market becoming more competitive as clients rein in their spending. Who is best positioned to appeal more to these cost conscious buyers is a matter of some debate. But there’s little question that some companies were well prepared from the get-go to weather months of COVID-19 disruptions. And that currently, the worst has not come to pass.
