Question · Q3 2025
Thymen Rundberg asked about the progress of legal renewal discussions, particularly concerning the rapid adoption of Lexis+AI and Protégé, and whether clients are referencing competitor AI solutions or expressing new expectations. He also sought information on the pipeline for new AI-powered products across divisions and where the biggest opportunities lie.
Answer
CEO Erik Engstrom noted that legal renewals, mostly three-year agreements, show continued uplift and conversion, with a clear majority of renewal revenue now coming from generative AI-inclusive platforms. He stated that Lexis+AI's penetration curve is slightly faster than previous versions and that competition is constant, with RELX positioning itself as a technology-enabled challenger. For the AI product pipeline, Engstrom highlighted significant opportunities in Risk (extractive AI, machine learning, combating fraud), Legal (workflow opportunities in white spaces), STM (gradual long-term impact), and Exhibitions (data-driven digital tools for value creation).