The LN for MS Office product is specifically designed for the upcoming Office 2010 product that is releasing this summer. Lexis is taking advantage of the MS Office ribbon feature (you know that ‘feature’ that made learning Office 2007 so hard to do?) When pressed on how many of the LN clients that will be interested in this product already have MS Office 2007, Huntsman said that probably more than 25% of the firms already had 2007, but that there is a great amount of pressure on those running older versions of Office to move to either 2007, or upgrade to 2010 very soon. The low percentage may not be a bad thing for LexisNexis right now because they are still working on hardware upgrades on this product, and the New Lexis product. So a longer transition period will help LexisNexis make sure they have the capacity to handle all the new demand. Perhaps Lexis felt the pressure from the competition to roll out the announcement of LexisNexis for MS Office a little sooner than they wanted.
Other Issues With LexisNexis for MS Office
LexisNexis for MS Office will begin Beta Testing later this month and the roll out will begin sometime in the Spring (Mar-Jun ’10). I did not get into the pricing model, but have read that it could be simply an “add-in” for existing customers with an installation charge, but did not get verification. It apparently doesn’t access all LexisNexis databases at this time, but I imagine this is something that will be added over time. Also, in the initial version, there will not be a cost recovery module (researcher will not be able to enter client/matter numbers). This will be added in later versions. Also, if you use cost recovery products (Research Monitor, OneLog or LookUp Precision), these products will not work with LexisNexis for MS Office.
There is still a way to go on getting this ready for full-blown research capability, but there will be some attorneys that will love the ability to do everything within MS Office.