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Lexion

Lexion exists to help make in-house legal teams feel happy, productive and valued.

|Visit lexion.ai

How much does Lexion cost?

Median contract value
$27,717
per year
Based on data from 22 purchases.
Median: $27,717
$13,740
$48,738
LowHigh
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How does Lexion price and package their products?
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Professional
20771.94Pricing ModelannualizedBillingAnnualTerm Length1 yearPopular FeaturesIntegration with HubSpot and other platforms.Add-OnsHubSpot Integration, Editor User, Admin User, AI Assist plus CLM User, Legal User, Manager User, Workflow Advanced Automation

Compare prices for similar companies

Supplier
Lexion
LinkSquares
Median Contract Value$27,717$29,519
Avg Savings-26.69%

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Negotiating with Lexion

Negotiation Tips

During negotiations, present alternative options available in the market. Highlight that other competitors are offering similar functionalities at a lower price point. This can induce Lexion to either lower their pricing or add more value to your current offer. Make sure you mention the exact pricing you have received from competitors to strengthen your position.
Negotiate to have any indicated uplift removed from Lexion's pricing when renewing. Argument for this could be that you've observed no significant increase in usage justifying pricing uplifts. Reinforce the value you've gained from their services over the term. Back this claim with market comparisons to ensure a compelling request.
If you are looking to reduce the scope of your contract due to fewer users or less usage than previously anticipated, leverage this to negotiate a reduction in rate. Clearly communicate your concerns regarding the pricing adjustments when the scope is getting smaller, and set your budget expectations.
Before finalizing your purchase or renewal, review your current utilization. If you are underutilizing certain features, negotiate for a reduced price or altered contract terms that better fit your actual usage patterns. Challenge Lexion to provide usage reports and justify your asks based on real data.
Position your willingness to act as a reference for Lexion or to participate in a case study as a bargaining chip for pricing negotiations. Make it clear that your case study generates substantial marketing value for them and should be factored into your pricing discussions.
Emphasize the requirement from your finance/legal department to eliminate any auto-renewal clauses in the contract. This will provide you with flexibility in negotiating terms and pricing in future contracts, and should be positioned as a non-negotiable at this point in the agreement.

Considerations when buying Lexion

OwnershipLexion is a private company focused on providing cloud-based solutions for in-house legal teams.
Fiscal year endDecember 31
Best months to buyJanuary, July, October
Payment TermsAnnual payment is preferred, Monthly payment options may be available
Upgrades/downgradesYes, Lexion offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $150k.

Vendr community insights for Lexion

What real buyers recommend in the negotiation process

Company with 201-1000 employeesThis year
During a recent CLM evaluation, our team was made aware that Lexion was acquired by DocuSign and therefore made more sense to work with DocuSign. If your team is working with Lexion or is planning to purchase Lexion, I would be on the look out for governing language, pricing, or sku's to change in the near future.
Company with 201-1000 employeesA while ago
Refused to remove auto-renew language from the contract.

Additional Info

What is Lexion?

Lexion exists to help make in-house legal teams feel happy, productive and valued.
Lexion's 3 Product
Lexion
Lexion exists to help make in-house legal teams feel happy, productive and valued.
Repository
All your contracts in one place, with AI to help you organize and report on them
Workflow
Speed up deals with intuitive task intake and management made for legal teams, including simple, single-step automations.

Security and compliance

DPA available
SOC2 attestation
Annual penetration tests

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