As law firms navigate a highly competitive and evolving market, the need for technology that drives efficiency, reduces costs, and delivers exceptional client service has never been more crucial.
A recent Total Economic Impact™ study by Forrester Consulting, commissioned by LexisNexis®, revealed that firms adopting Lexis+ AI in the United States could achieve a 344% projected return on investment (ROI) over three years, with payback occurring in under six months.
The Forrester Consulting Total Economic Impact™ study found that a composite U.S. law firm with 950 attorneys and 15 research staff could realise $6.5 million in net present value (NPV) profit over three years by adopting Lexis+ AI.
While this study focuses on North American firms, its projected 344% ROI and payback in under six months are relevant to Australian law firms facing similar pressures around efficiency and cost management.
Lexis+ AI offers a compelling blend of innovative technology and proven economic benefits, positioning itself as the definitive trusted tool to empower Australian law firms to navigate the challenges of modern legal practice.
Large law firms in the USA see major ROI from Lexis+ AI
While the ROI is impressive, the true value of Lexis+ AI lies in the practical, day-to-day benefits it provides to legal teams. Here’s how Lexis+ AI can transform operations in Australian law firms:
Accelerating Legal Research
Legal research is at the core of most law firms’ work, but it can be an incredibly time-consuming process. Lexis+ AI uses advanced natural language processing (NLP) to allow legal professionals to quickly identify relevant case law, statutes, and analytical content from real, verifiable sources. For Australian firms, this means faster access to critical legal information, which improves research accuracy and reduces time spent on low-value tasks.
Streamlining Document Drafting and Summarisation
Drafting legal documents is one of the core aspects of legal practice. Lexis+ AI can automate the preparation of legal documents by providing draft documents and clauses, as well as drafting suggestions. This not only reduces manual drafting time but also helps ensure that documents are consistent and error-free - ultimately improving the firm’s efficiency and overall productivity.
Enhancing Compliance and Due Diligence
In addition to research and drafting, Lexis+ AI is highly effective at analysing large volumes of legal documents, which is essential for labour-intensive tasks like compliance checks and due diligence. For Australian firms dealing with regulatory matters or high-stakes transactions, Lexis+ AI helps speed up processes such as M&A, regulatory reviews, and internal audits using its summarisation and ask a question features - all while improving accuracy and reducing the potential for human error.
Security and Compliance Assurance
Australian law firms, like their international counterparts, must ensure that client data is handled with the highest levels of security and in compliance with local data protection regulations. Lexis+ AI is built with enterprise-grade security and ensures full compliance with regulations such as the Privacy Act 1988 and GDPR. This robust infrastructure means firms can confidently adopt AI without compromising client confidentiality or security.
As the legal industry continues to evolve, Lexis+ AI stands at the forefront of this transformation. With proven ROI, cutting-edge features for legal research and document drafting, and robust security and compliance capabilities, it’s the tool that will help Australian law firms thrive in a competitive, technology-driven market.
Ready to see how Lexis+ AI can help transform your legal practice? Start by exploring the Forrester TEI study to dive deeper into the projected ROI and benefits. Then, request a demo to see firsthand how Lexis+ AI can streamline your firm’s legal research, reduce operational costs, and enhance service delivery.
The Total Economic Impact™ of Lexis+ AI for Large Law Firms is a commissioned Forrester Consulting study on behalf of LexisNexis in May 2025 to examine the potential return on investment large law firms may realise by deploying Lexis+ AI.