RELX PLC/Thomson Reuters Corp.: Legora: Plenty of opportunity but not at expense of incumbents

研报英文原文证据摘录

RELX PLC/Thomson Reuters Corp.: Legora: Plenty of opportunity but not at expense of incumbents

Barclays | RELX PLC/Thomson Reuters Corp.

developing and bringing to market their own workflow tools. But Legora would point to

their lead in this area, in terms of the depth and sophistication of their functionality in

workflow.

•• Compared to "legacy players", the Legora CEO pointed to three points of difference: 1) Tech

architecture which is AI native and delivers extremely good speed of implementation ; 2)

Surface area – meaning that they sell a range of legal work outcomes ; and 3) Access to talent

in the area of AI, which is a big focus for Legora.

•• In response to a question on whether the print books provided by Thomson Reuters and RELX

in Legal leave them open to the possibility of their information effectively being stolen, Max

Junestrand noted that "Ross Intelligence tried to leverage some of the digital assets from

Westlaw and they were not successful in that pursuit." This referred to a court case where a

small player, Ross Intelligence, was found by a federal court to have infringed on

thousands of Westlaw headnotes content items to train its early legal AI. While the

Legora CEO did not want to go into detail on this sensitive subject, his reference to the

Ross Intelligence case seems a pretty clear answer in our view.

•• The CEO noted a "ton of inbound interest from publishers (non-specific)" about working with

Legora, as it becomes clearer that Legora's offering blurs into legal services, as well as legal

software, and other players want to be positioned where the customer is operating. RELX

has already partnered with Harvey to provided a seamless link into its Lexis+ AI offering