Legal Software Stocks Drop Due to Anthropic's New Tool
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy RELX?
Shares of legal software companies are under pressure on Tuesday after Anthropic released a new AI automation tool. Shares of IT Services/BPO stocks are also weak today due to Anthropic's recent release of new plug-ins.MOVE INTO LEGAL:Shares of RELX Plcand Wolters Kluwer NV, both providers of professional analytics, fell more than 10% on Tuesday. Also trading lower were Experian, Thomson Reuters, Legalzoom.comand FactSet Research Systems.This follows Anthropic's launch of a new AI automation tool, which investors see as uniquely positioned to disrupt both traditional legal news and data providers as well as newer legal AI entrants, given Anthropic's role as a major foundation model developer within the AI ecosystem. On its plugin webpage, Anthropic lists a legal tool that it says can automate tasks such as contract review and legal brief drafting.GOOD VALUE IN ACCENTURE:In a research note to investors, Baird analyst David Koning noted that the firm's IT Services/BPO stocks - Accenture, Cognizant, Genpactand ExlService- were weak today, which appeared mostly due to Anthropic's recent release of new plug-ins. Gartner'sweak earnings release may be causing a little consternation as well, the analyst added. Baird is particularly puzzled by Accenture's 7% drop given its broad service mix and limited reliance on any single product. The firm likes Accenture a lot on this pullback, and expects Cognizant's results tomorrow to provide some relief.Baird also highlighted that from a recent fundamental perspective, recent results across IT Services have been solid in Q4, with guidance overall decent as well. Cognizant reports tomorrow, and the firm expects solid results, with Q4 revenue likely around top of guidance range, and 2026 Street EPS likely fine.PRICE ACTION:In morning trading, Accenture and Cognizant dropped over 9%, Genpact slipped about 8%, ExlService and Factset Research slid 10%, Relx plunged 14.5%, and Thomson Reuters dropped almost 18%.
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Analyst Views on RELX
Wall Street analysts forecast RELX stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 34.790
Low
60.54
Averages
60.54
High
60.54
Current: 34.790
Low
60.54
Averages
60.54
High
60.54
About RELX
RELX PLC is a United Kingdom-based global provider of information-based analytics and decision tools for professional and business customers. The Company operates in four market segments: Risk; Scientific, Technical & Medical; Legal, and Exhibitions. The Risk segment provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency. The Scientific, Technical & Medical segment helps researchers and healthcare professionals advance science and improve health outcomes by combining high-quality scientific and medical information. The Legal segment provides legal, regulatory and business information and analytics. The Exhibitions segment combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Unique Data Management Approach: The company employs a nontraditional master data management method that dynamically builds 'golden records' using proprietary linking technology, allowing it to adapt to new inputs and ensure data quality, thereby increasing client trust and satisfaction.
- Extensive Data Coverage: LexisNexis's database supports over 3.7 billion transactions annually for prescriber compliance verification, and as healthcare providers and pharmacies merge, the breadth and depth of its data will continue to increase, further enhancing its value to payers.
- Commitment to Quality: LexisNexis is dedicated to delivering high-quality data management solutions, and with the rising implementation of automated workflows and growing security concerns, its investments in data quality, timeliness, and flexibility will drive better health outcomes.
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- Technological Investments: The company's significant investments in automated workflow solutions and data security further solidify its leadership position in the healthcare industry, ensuring clients receive timely and flexible data management solutions.
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- AI-Driven Protection: The platform employs advanced AI technologies like LexisNexis IDVerse®, offering biometric verification and deep neural networks to effectively combat identity fraud, ensuring the security of patients and systems while enhancing user experience.
- Streamlined Verification Process: By minimizing manual work, the platform improves the digital experience for patients and members, supporting more effective interactions across clinical, administrative, and consumer touchpoints, which ultimately enhances overall service quality and patient satisfaction.
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See More
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- Unique Data Management Approach: The company employs a nontraditional master data management method that dynamically builds 'golden records' using proprietary linking technology, allowing it to adapt to new inputs and ensure data quality, thereby increasing client trust and satisfaction.
- Extensive Data Coverage: LexisNexis's database supports over 3.7 billion transactions annually for prescriber compliance verification, and as healthcare providers and pharmacies merge, the breadth and depth of its data will continue to increase, further enhancing its value to payers.
- Commitment to Quality: LexisNexis is dedicated to delivering high-quality data management solutions, and with the rising implementation of automated workflows and growing security concerns, its investments in data quality, timeliness, and flexibility will drive better health outcomes.
See More
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- Market Leadership: LexisNexis Risk Solutions has been recognized as a Leader in the IDC MarketScape for U.S. Provider Data Management for Payers for the second consecutive year, showcasing its exceptional capabilities and influence in the data management sector.
- Commitment to Data Quality: IDC highlighted LexisNexis's strengths in data volume, quality, and completeness, emphasizing its dedication to providing high-quality data for payers, which is crucial for improving health outcomes.
- Technological Investments: The company's significant investments in automated workflow solutions and data security further solidify its leadership position in the healthcare industry, ensuring clients receive timely and flexible data management solutions.
- Industry Recognition: LexisNexis's Provider Data Management Suite has been highly rated for its comprehensive data quality and compliance, reflecting its strategic importance in meeting the needs of payers.
See More
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- Platform Launch: LexisNexis has unveiled an identity management platform tailored for the healthcare sector, integrating leading identity verification and enrichment solutions to enhance the efficiency and accuracy of patient identity management, thereby improving operational capabilities and patient experiences for healthcare organizations.
- Fraud Risk Reduction: The platform employs AI-driven IDVerse® technology to effectively detect deepfake identities, mitigating identity fraud risks and ensuring security and trust for patients and members throughout their healthcare journey, ultimately enhancing the quality of medical services.
- Enhanced Patient Experience: By streamlining identity management processes, the platform supports patient registration and claims processing, reduces manual workloads, and improves digital experiences, helping healthcare organizations increase patient engagement and satisfaction while ensuring security.
- Addressing Digital Challenges: As digital services expand, healthcare organizations face fragmentation and inaccuracies in the identity verification process; this platform provides comprehensive identity verification solutions that help organizations manage patient identities securely without adding burdens to users.
See More
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- Platform Launch: LexisNexis has introduced an identity management platform tailored for the healthcare sector, integrating leading identity verification, resolution, and enrichment solutions to enhance patient identity management efficiency and accuracy, thereby improving data integrity and reducing operational risks.
- AI-Driven Protection: The platform employs advanced AI technologies like LexisNexis IDVerse®, offering biometric verification and deep neural networks to effectively combat identity fraud, ensuring the security of patients and systems while enhancing user experience.
- Streamlined Verification Process: By minimizing manual work, the platform improves the digital experience for patients and members, supporting more effective interactions across clinical, administrative, and consumer touchpoints, which ultimately enhances overall service quality and patient satisfaction.
- Fraud Threat Mitigation: As fraud tactics evolve, LexisNexis's identity management platform provides healthcare organizations with advanced protective measures, enabling them to securely manage patient identities without increasing verification barriers, thus improving operational efficiency and engagement.
See More
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- Sustained Shopping Growth: In Q4 2025, U.S. auto insurance shopping saw a year-over-year growth rate of 6.9%, up from 6.4% in Q3, indicating ongoing consumer interest and demand for insurance products, which further boosts market activity.
- Strong New Policy Growth: The year-over-year growth rate for new policies rose to 7.1%, moving from 'Warm' to 'Hot' territory, reflecting increased consumer enthusiasm in selecting insurance, which may lead insurers to adopt more attractive pricing strategies in a competitive landscape.
- Older Consumers Lead: Consumers aged 66 and older exhibited the highest shopping growth at 11% year-over-year, a trend sustained for 12 consecutive quarters, highlighting the increasing significance of this demographic in the insurance market and prompting insurers to adjust strategies to attract them.
- Exclusive Agent Channel Growth: While the direct channel led with a 12.6% growth rate, the exclusive agent channel achieved a positive growth rate of 5.3% for the first time in 2025, likely linked to increased advertising spending, indicating a rising demand for diversified sales channels in the market.
See More
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- Strong Shopping Demand: According to LexisNexis, the year-over-year shopping growth rate for U.S. auto insurance reached 6.9% in Q4 2025, with new policy growth at 7.1%, indicating sustained consumer interest and driving overall industry activity.
- Senior Consumers Lead: Consumers aged 66 and older exhibited the highest shopping growth rate at 11%, consistently outperforming younger demographics, highlighting the increasing significance of older consumers in the insurance market.
- Rate Adjustment Trends: In Q4, 50% of rate revisions were decreases, resulting in an overall industry rate impact of -0.5%, reflecting insurers' strategies to adopt more attractive pricing to stimulate consumer shopping activity.
- Analysis of Repeat Shopping Behavior: Research indicates that once sidelined shoppers are twice as likely to shop again within six months, particularly among those aged 66 and older, suggesting a shift in sensitivity and loyalty among older consumers towards insurance products.
See More
