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Legal Research Services


ProcurementIQ’s Legal Research Services Procurement Research Report is a comprehensive guide to purchasing Legal Research Services. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Legal Research Services - Recent Price Trend

During the three years to 2018, the price of legal research services has been increasing at an estimated annualized rate of 2.8%. Demand for these services has increased in line with the ongoing shift toward outsourcing legal processes, which allows buyers to focus their efforts on more lucrative aspects of legal work, thus improving their efficiency when handling legal cases. Rising demand has,.

Legal Research Services - Total Cost of Ownership

The total cost of ownership is low because additional costs related to this service amount to less than 50.0% of the benchmark purchase price per year. A low total cost of ownership benefits buyers because it indicates that the prices quoted by suppliers are fairly transparent.Vendors can conduct legal research without meeting the buyer in person, which reduces suppliers’ transportation costs.

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About this Report

This report is intended to assist buyers of legal research services. Service providers assist buyers such as solo practitioners, law firms and corporate counsel with case management and discovery preparation. Suppliers also prepare trial and appellate briefs, motions, memoranda, pleadings and other legal documents in order to help buyers meet deadlines and reduce work hours. Buyers can procure legal research services on an ad hoc basis or retain a vendor for ongoing services. In addition, buyers can source services from domestic or foreign vendors. This report does not cover legal management software.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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