I talked to one subscriber last night who told me that her subscription that she uses for credit card access runs out at the end of the month, and "then I have to get a 'subscription from sales' or go to www.lexisweb.com." The LexisWeb site is a minimalist version of legal information, and doesn't contain the value-add products that a real LexisNexis site has. "The timing is suspect with its correlation with plunging market share; I think it's a move to prevent firms from cancelling their subscription and just buying what they need."
Many law firms have used the Credit Card option for LexisNexis in order to only buy "what they need" and will now have to re-evaluate that strategy. Other products, such as Fastcase, rely upon the credit card option for their users to access cite-checking resources such as Shepards. As of last night, the link to Shepards from Fastcase was still working, but I'm not sure if that will continue. If so, then it looks like all of those users will either have to sign up for Lexis, or will have to use KeyCite as their citation tool.
[UPDATE 8:50 CT] I emailed Ed Walters of Fastcase about this and he said that the change in LexisNexis by Credit Card, "Doesn't matter much to our users: some have Lexis in their firms and can use Shepards under their firm subscription. Those who don't have Lexis passwords can just use KeyCite by credit card on Fastcase." Ed says that the move may actually be a "Bigger deal for West. For half a million Fastcase subscribers, KeyCite may have just become the #1 citator in America."
Have you used LexisNexis by Credit Card? If so, how will this affect how you conduct legal research or your subscription strategies? Is this a good move by Lexis, or do you think it will end up biting them in the long run?
Here's the announcement that Lexis had on the ending of the Credit Card site:
LexisNexis no longer offers the website LexisNexis® by Credit Card. This decision is part of our effort to create and support products that better meet those needs identified through collaboration with our customers, including tools that help our customers across markets to more efficiently find, assess and manage research findings.
LexisNexis continues to offer 10 years of free unenhanced federal and state case law via lexisONE, www.lexisone.com, our free open legal web service, via Lexis® Web at www.lexisweb.com and a wide variety of legal and business online communities at www.lexisnexis.com/communities which provide access to free up-to-date content and resources such as blogs, content, and news.
For continued access to convenient and affordable LexisNexis research content, please contact a representative at 888-285-3947 to learn more about LexisNexis subscription options.