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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?

When negotiating with Lexion, it's important to highlight the value that their solutions provide, particularly in terms of streamlining legal processes and increasing productivity for in-house legal teams. Emphasize how their solutions can replace cumbersome manual processes, ultimately saving time and reducing operational costs over time.Be prepared to discuss the different products offered by Lexion, including Professional, Repository, and Workflow, and understand how each fits into your organization's needs. Knowing the average contract value and recent negotiation trends can strengthen your position during discussions, especially since they've seen total savings across previous contracts.Timing your negotiations can also be beneficial; inquire about any seasonal promotions or opportunities for discounts during periods of lower demand. Leverage their recent partnerships and integrations to showcase your interest in comprehensive solutions, potentially leading to more favorable contract terms.
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How does Lexion price and package their products?
View pricing on Lexion's website
Product: 
Professional
Not specifiedPayment TermsNot specifiedPopular FeaturesNot specifiedAdd-OnsHubSpot Integration, Editor User, Admin User, AI Assist plus CLM User, Legal User, Manager User, Workflow Advanced Automation

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Negotiating with Lexion

Negotiation Tips

Leverage competitors to secure a better price point and terms by presenting alternative options that meet your functionality and budget needs. Let the supplier know that you are considering other tools and that their pricing is a significant factor in your decision-making.
Address potential overage fees during negotiations or mid-purchase upgrades. Keep the existing contract terms in mind, as overage fees are often negotiable. Additionally, emphasize expected growth as a reason for requesting that these fees be waived.
If your organization is planning to increase the number of users significantly, use this growth as leverage to negotiate lower per-user rates based on economies of scale. Emphasize the need for the pricing to reflect this anticipated growth.
Negotiate for the removal of any auto-renewal clauses, as this enhances your leverage for the next bargaining cycle. State that your finance team's stipulations now require that auto-renewals are not acceptable for any software purchases.
If there are new features or upgrades that are being pushed on you due to security requirements, leverage this situation to negotiate the additional costs down or even waive them altogether. Compare with competitors who may include similar features at no additional charge to strengthen your standing.
Propose acting as a reference or participating in a case study to add value that could incentivize the supplier to negotiate better pricing. Highlight the marketing benefit for the supplier if you achieve a satisfactory agreement.

Considerations when buying Lexion

OwnershipPrivate
Fiscal year endDecember 31
Best months to buyJanuary, March, July, November
Payment TermsAnnual payment in advance, Quarterly payment options 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 $100k.

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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