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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?
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

Compare prices for similar companies

Supplier
Lexion
LinkSquares
Median Contract Value$27,717$30,751
Avg Savings-26.69%

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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.

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 2 Product
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.
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