You’ve heard of Lexis+ AI for legal research, well, this is not that. This is Nexis+ AI – and its purpose, while also running on genAI, is quite different. Primarily it’s tapping LLM abilities to support corporate research, an area that many commercial lawyers and/or their support teams will spend time on.
The company said: ‘Enhanced by more than 700 hours of in-depth customer interviews, Nexis+ AI is tailored to meet the evolving needs of modern businesses. Corporations can now deploy Nexis+ AI’s powerful research, intelligence and document summarization features to find accurate information effortlessly, gain a competitive advantage and boost efficiency.’
Interestingly, they added: ‘Nexis+ AI leverages a portfolio of over 20,000 licensed titles, with Generative AI rights granted by some of the largest publishers and industry-recognized titles such as The Associated Press, Gannett, McClatchy, Benzinga, FiscalNote – CQ Roll Call, and many others.’
I.e. these are publishers outside of LexisNexis that have done licensing deals to allow genAI to scrape their data, and now it’s leveraged by Lexis for this.
In fact, the company went on to explain that: ‘With the growth in popularity of AI and generative AI tools, publishers and content owners have increasingly focused on protecting their copyright and intellectual property. LexisNexis has long-standing, extensive – and in some cases exclusive – content licensing agreements with publishers. These relationships allow LexisNexis to deliver contextually relevant, Gen AI-derived answers, with direct links to the original source material, to help minimize the risk of AI hallucinations.’
So, that’s the background. What does it do? The company said that with Nexis+ AI, users can:
Quickly research and analyze business, financial and legal information and news;Summarize lengthy documents and extract relevant entities and data points;Compile, organize and share content;Create first drafts or outlines of intelligence reports with a few mouse clicks; andDerive actionable business insights with speed and precision.
In short, ‘have LLM, will create LLM-type outputs at scale’ no matter what the textual data is.
Todd Larsen, President of Nexis Solutions, said: ‘Business leaders across nearly every industry tell us they need deeper, more accurate insights to better facilitate timely decisions, but they find the amount of corporate data daunting and the process time consuming. Recognizing this, we’ve created Nexis+ AI to accelerate data-intensive research and strategic decision-making.’
This is further evidence that LLM tech can be used in multiple applications that may benefit the legal sector, but which are not ‘pure legal tech’ tools. For example, this morning AL covered the launch of Meridian AI, which supports audio-to-text client listening and consulting projects, which is of direct use to many law firms’ Business Development teams.