Understanding Lexis Advance® Pricing and Law Firm Bill-Back Practices

Slides:



Advertisements
Similar presentations
Computer Assisted Legal Research Options May 2, 2002 Jessica R. Hogan Druet Cameron Klugh.
Advertisements

Researching Efficiently and Cost Effectively on Lexis Advance™ and Lexis.com 1.
Law Firm Research Charges and Cost Effective Research Skills.
Online Resources From Oxford University Press This presentation gives a brief description of Oxford Journals. It tells you: what the journals are; how.
Free/Cost Effective Research on the Web and Alternatives to Lexis & Westlaw.
Solo and Small Law Firm - COST RECOVERY ABA GP/SOLO MEMBERSHIP SURVEY RESULTS.
General Overview How to Order from aslegal.com -General Overview -Ordering Products - Browsing our online products - Using our Product Search - Order by.
Introduction to Cost-Effective Online Research. With the Westlaw ® access that you enjoy as a student, you may not be accustomed to thinking about the.
Getting started on informaworld™ How do I register with informaworld™? What do I do if I forget my password? My institution does not subscribe to any journals,
Presented by: Jessica Annis & Christie Vuleta Hardin County Schools 1.
Getting started on informaworld™ How do I register my institution with informaworld™? How is my institution’s online access activated? What do I do if.
FOREIGN CURRENCY Slideshow 14.
Chapter 10 Accessing Authority Online. Signing On In a law office, your client is charged from the moment you sign on!
Total Solutions for Your Practice from LexisNexis TM.
PayPal 101 WITH Ruby McGuire Learn the basics. You’re In The Right Place If... You are fairly new to PayPal It’s a tool you want to add to make your business.
Creating a Basic Search on Tutorial support.ebsco.com.
3M Partners and Suppliers Click to edit Master title style USER GUIDE Supplier eInvoicing USER GUIDE The 3M beX environment: Day-to-day use.
Law Firm Research Charges and Cost Effective Research Skills.
Welcome to Symplicity Hello and welcome to the Career and Professional Development’s tutorial on Symplicity.
NYS Payroll Online Self-Service
Mobile & Mobile Broadband
Microsoft Imagine Academy
Using the Advanced Search Guided Style Find Fields on
Creating a Basic Search on
Washington State University AIS Account BALANCES
A more efficient you. Introducing EmployerAccess
Web Application User Guide
Choosing the Most Cost- Effective Database
Stream Agent Training March 2014.
How to Work Through the PTE Form with Your Client
Researching State Statutes
Employee Self Service (ESS) Version 2.20.
Microsoft Imagine Academy
FedEx Billing Online (FBO) Non-Revenue Quick Guide
Send Invoices From QuickBooks To Gmail – An A To Z Guide After QuickBooks Online teamed up with Google, it has been as simple as possible for you to invoice.
Deposit Account May 2013.
Getting started on informaworld™
Membership/Post Processing - Process Membership
Using the Advanced Search Guided Style Find Fields on
Supplier Connect (SCx) Training Material
How to Register on Active Orders Trading Grid Company Registration
What if you couldn’t work?
NOTE TO PRESENTER This presentation provides information on the FSA ID that can be used in outreach to students and parents. The presentation was created.
MyFloridaMarketPlace
Creating a Basic Search on
Washington State University AIS Account BALANCES
Advanced Financial Accounting
Creating a Basic Search on
Instructions for Responsible Conduct of Research (RCR) Training
Understanding Back-End Systems
What is BankMobile? A process to select how to receive student refunds and student payroll payments It is fast, secure, and convenient. Go to:
Family Resource Management Supervisor & Manager Information
How Students Log In and Start a Test
E-Procurement Project
This presentation document has been prepared by Vault Intelligence Limited (“Vault") and is intended for off line demonstration, presentation and educational.
Other Special Features of SimPOS! Retail Point of Sale.
Important Client Notice
Utility Billing Balancing the Accounts Receivable
Clear Coverage User Guide
Click here to advance to the next slide.
Evaluations and Trials in Alma
IMS AND FED/SEP TRAINING
2019 Benefits Open Enrollment
Dana Neacsu, Secondary Sources II Dana Neacsu,
Part II Objectives Describe how policies and procedures are used
Hulu.com/activate. Hulu Live TV Streaming Service? Hulu streaming provides unlimited access to the entire Hulu streaming library in just $44.99/month.
Creating a Basic Search on
COST EFFECTIVE ONLINE RESEARCH
Presentation transcript:

Understanding Lexis Advance® Pricing and Law Firm Bill-Back Practices This presentation provides a high level overview of Lexis Advance pricing and Law Firm Bill-Back Practices. Bill back practices vary greatly among law firms. We highly recommend you connect with your employer’s Librarian or other appropriate contact for details on the firm’s LexisNexis plan and their bill back policy.

Who Pays for Your Use of Lexis Advance® at the Firm? There are two types of costs associated with your research on Lexis Advance: Costs to your firm Costs that some firms choose to charge to their clients 1 2 There are two types of costs associated with research on Lexis Advance: Cost to the firm, typically in the form of a flat rate subscription pricing plan, and Cost to clients if the firm chooses to charge their clients for research conducted related to their case. This is an individual firm choice and highly customized. I will explain both of these costs in more detail.

During your Summer Associate work and the first 6 months after you graduate, you are entitled to use your Lexis Advance Law School ID at no cost to your firm or clients. Free Summer Associates Access: First, as reminder, you should take advantage of free access to Lexis Advance per the summer associate or graduate access programs. Always check with your firm’s contact as some prefer you use a firm ID v. your academic access. Free access for Graduates:

When using a Law Firm ID, the vast majority of your research will not cost your firm additional money. 99.9% of documents accessed on Lexis Advance are included in the firm’s flat-rate subscription When accessing content within your firm’s subscription plan, your firm will not incur any additional charges. In fact, 99% of the documents you need to access will likely be in your firm’s plan. Note other activities that are included in the firm’s subscription including searches, Alerts, and Shepard’s reports. Some firms may choose to bill clients back for these activities, but LexisNexis does not charge extra for them. 100% of all other activities (eg Searches, Alerts, and Shepard’s reports) are included in the firm’s subscription.

Approx. Monthly Cost for a Solo Attorney Firms work with LexisNexis to include the content they need in their flat-rate subscription. Example subscription options a typical Small Law firm will consider: Included Content Approx. Monthly Cost for a Solo Attorney Option 1: Single State Primary Content Eg Cases, Statutes, Administrative Materials $100 Single State Primary Content Federal Primary Content Secondary content specific to the firm’s practice area Option 2: $225 All State Primary Content Federal Primary Content Secondary content specific to the firm’s practice area Public Records $275 Option 3: Firms subscribe to the content they need to meet their research needs. As a result, subscription pricing plans are affordable for a solo practitioner, in addition to small and large firms. Note: During contract renewals, a variety of factors are considered, with primary focus on the firm’s content needs. Usage does not impact subscription costs. Add-ons, such as Lexis Practice Advisor®, Lexis ®for Microsoft Office®, Search Advisor, Newsdesk, Securities Mosaic, ALM, Tax Analysts, Wall Street Journal, etc Option 4:

If Outside of Subscription If you ever need to access content outside of the firm’s subscription, you will first be notified of the cost. If Outside of Subscription Document Access Charge Primary Law Agency & Administrative Materials, Bill Text, Cases, Codes, Court Rules, Dockets, Statutes and Legislation, Registers, etc News (26,000 sources) National News (Wall Street Journal, NY Times, Washington Post ) Regional News (AZ Business Gazette, AZ Capital Times, AZ Republic) Newswires (Dow Jones, Associated Press, Business Wire) $2 $3 Secondary Materials (Tier 2) Most Matthew Bender titles, Jury Verdicts & Settlements, Law Reviews and Journals, Jury Instructions, Jurisprudence, Emerging Issues, CLE Course of Study Materials, Dictionaries, Treatises, Legal News, etc. $50 These are standard retail rates by content type. Remember, that less than 1% of documents are accessed outside of plan. Meaning, wherever you work, the content you need is likely within your subscription plan. There may be times you need to purchase an “out of plan” document. Notice they are highly visible as you have to click the Get it Now button to access. Example: Attorney Jones has a single state primary law subscription plan. She runs a search within her state’s cases on her solo ID and accesses a Shepards report. Does Attorney Jones incur any transactional charges for her firm? – No, Shepard’s and her search are included in her subscription; Note: her firm may choose to charge their client for the report by allocating some of their subscription costs to the Shepard’s report. More on this in the following slide. Example: Attorney Smith runs a search within News and in his results list, there are items that say “get it now for $3”. He clicks on one of those documents. How much did Attorney Smith’s search cost? - $3 for the transactional access and the original search is free because he can always search within Lexis Advance for anything. Because the particular document he wanted was outside his plan, Lexis alerted him of the cost and he chose to access the document for $3. Note: Attorney Smith’s firm may choose to charge their client for the search by allocating some of their subscription costs to the search activity. More on this in the following slide. Secondary Materials (Tier 1) Premium Matthew Bender titles (Chism, Nimmer, Colliers, etc) and CCH materials $90 The only way to access a document outside the firm’s subscription is to click the “Get it Now” button which always displays the price:

If Outside of Subscription Sample screenshot of Get it Now as displayed in Lexis Advance when using a law firm ID. If Outside of Subscription Here’s how the Get it Now button looks when viewing search results on Lexis Advance, for out of plan content.

Common Bill-back Models 40% of firms choose to bill their clients for online research. There are an infinite number of ways that firms can choose to bill clients for online legal research activities. Here are some of the most common: Common Bill-back Models Details Firms discount rates by an average of 50% when allocating Document Access Charges back to their clients. The average bill-back rate is $40 when firms choose to bill-back for the search. Some firms bill-back only for primary law research and do not bill back for analytical content such as Matthew Bender titles. Document Access charge Only Document Access charge plus Search charge Primary Law only 1 2 It’s entirely the firm’s choice to bill back research to their clients or not, and it’s highly customized if they choose to bill back. Here are three of the more common ways firm’s bill back legal research activities (review slide). It’s acceptable for firms to bill clients for research conducted on their behalf. They are often trying to recover their subscription costs. However, a firm cannot bill back more than what they are paying for legal research per ABA guidelines. 3 LexisNexis provides firms with an application called PowerInvoice that allows them to customize their bill-back model and download usage data into their invoicing system.

Sample screenshot of Client ID screen If Outside of Subscription Here’s a view of the Client ID screen using a law firm ID. After signing in to Lexis Advance, attorneys are prompted to enter the Client ID and a research description so they can track research conducted on behalf of their clients and for bill back purposes if applicable.