Peter Schwartz of the Huffington Post writes in his article “The Reinvention of Legal Research: The Future is Now” about information being a commodity and how the easy availability of access to “data” is posing a new challenge to legal research giants Lexis and Westlaw. As much as I wish that Peter’s assumptions were true, or at least had the chance of happening, judging by these same giants of legal research are posting huge profits during a slump in the global economy, I’d say the “future” is still in the future.
- Data Trumps documents
- Information is liquid
- Information is a commodity
- Customers will not pay for research
- Large legal publishers are in trouble
- These are the wondrous times in the world of online publishing