LexisNexis launched its Lexis Plus AI product in 2023, which Sean Fitzpatrick says made the company an AI-powered provider of information and analytics.
“in 2023, uh, when we launched Lexis Plus AI, that's when we became really the an AI powered”
Person
Sean Fitzpatrick
1 episodes · 19 quoted claims
LexisNexis launched its Lexis Plus product in 2020, which Sean Fitzpatrick says integrated the company's acquired businesses into one ecosystem.
“kind of in in uh 2020, when we launched our Lexis Plus product, uh, we integrated all those things together.”
Sean Fitzpatrick says LexisNexis used to pay about $20 per million AI tokens roughly two years earlier and now pays about ten cents.
“we used to pay $20, like two years ago for a million tokens, and today, you know, we might pay ten cents for a million tokens, right?”
Sean Fitzpatrick says Microsoft, Amazon and Google are each investing close to $100 billion in foundational AI models.
“each one of them is putting in, you know, uh, close to $100 billion, you know, Microsoft, uh, Amazon, Google.”
Sean Fitzpatrick says the LexisNexis AI system is grounded in a curated collection of 160 billion documents and records.
“system is backed by 160 billion documents and records, you know, that curated collection”
LexisNexis uses a citator agent that checks cited cases to confirm they were not fabricated by the AI and are still good law, according to Sean Fitzpatrick.
“we call a citator agent, right? So we'll check that case to make sure that it wasn't fabricated by the system, but and that it's actually still good law.”
Sean Fitzpatrick describes a case he calls the Burke case in which an attorney submitted a filing with about eight citations, seven of which were bad.
“some attorney submitted a, um, a document to the court. I think it had like eight citations in it, and seven of them were”
Sean Fitzpatrick says some attorneys were fined $5,000 each over AI misuse, and attorneys in a federal court in Alabama were referred to the state bar for discipline.
“a couple attorneys got fined 5,000 bucks a piece. And then, you know, some attorneys in federal court, um, down in Alabama got referred to the state bar association for disciplinary action.”
Sean Fitzpatrick says LexisNexis surveys found that two thirds of attorneys use AI in their work, a figure he believes is now higher.
“two thirds of attorneys are using AI, uh, in their work, according to to our surveys.”
Sean Fitzpatrick estimates that eight to 10,000 tasks performed by attorneys could be automated.
“there's probably eight to 10,000 tasks that could be automated, right?”
LexisNexis's parent company is the publicly traded RELX, which Sean Fitzpatrick says has four divisions.
“Relics is the parent company, uh, and uh, it's, uh, a publicly traded company. It has four divisions.”
Sean Fitzpatrick is the CEO of LexisNexis's North America, UK and Ireland businesses, reporting to Mike Walsh, CEO of the Legal and Professional division.
“my responsibility is I'm the CEO of our North America, UK, and Ireland businesses”
Sean Fitzpatrick says LexisNexis reuses core search-relevance technology across countries, with about eighty percent carrying over before local tuning.
“But we get eighty of the DNA transferred over in that core model.”
Sean Fitzpatrick says a LexisNexis planning agent might use OpenAI's o3 model for deep research tasks.
“So maybe it uses, um, the O three model from OpenAI, because it's really good at deep research.”
Sean Fitzpatrick says LexisNexis might use Anthropic's Claude for the drafting step of a document, as part of a multi-model approach.
“so maybe it uses Claude, uh, three to do that, uh, like the Claude three Opus, which is really good, uh, at drafting.”
Sean Fitzpatrick says LexisNexis has attorneys review its AI outputs and credits this process for improving the relevance of results.
“our outputs are attorney reviewed, and so that's how we keep getting the, uh, more relevant, um, results.”
Sean Fitzpatrick says LexisNexis's AI product is the fastest growing product the company has ever had.
“it's the fastest growing product that we've ever had.”
Sean Fitzpatrick says human oversight is one of the RELX responsible AI principles that LexisNexis follows.
“So we always incorporate human oversight, uh, into the, um, development of our products.”
LexisNexis's Protégé tool, as read aloud by Sean Fitzpatrick, listed narrow exceptions to Fourteenth Amendment birthright citizenship, including children of foreign diplomats and of enemy forces in hostile occupation.
“These exceptions include foreign diplomats, uh, children of foreign diplomats, children of enemy forces in hostile occupation, children born in foreign public ships”