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: 36.680
Low
60.54
Averages
60.54
High
60.54
Current: 36.680
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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- No-Code Platform Benefits: Agenium's no-code platform offers insurers flexible configuration options, allowing for rapid integration of desired workflows, thereby improving data usability and operational efficiency to meet market demands for expedited underwriting.
- Real-Time Risk Scoring: The integrated platform supports real-time risk scoring and underwriting decisions, helping insurers deliver superior customer experiences at the point of sale, enhancing market competitiveness and driving the industry's digital evolution.
- Commitment to Continuous Innovation: LexisNexis plans to further expand its collaboration with Agenium, aiming to provide additional integrations and capabilities in the future to support evolving insurer needs, ensuring they remain at the forefront of a rapidly changing market.
See More
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- Enhanced Decision Support: The new platform integrates LexisNexis medical data, providing decision-grade medical insights that assist insurers in making more informed underwriting decisions, which is expected to significantly improve operational efficiency.
- Market Demand Response: As insurers transition to end-to-end digital experiences, Agenium's modern integration layer allows carriers to seamlessly connect various application platforms, addressing the market's need for real-time risk scoring and underwriting decisions.
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- Rise of Automated Attacks: The report highlights that cybercriminals are leveraging advanced bots and AI tools to mimic human behavior, testing defenses with unprecedented speed and accuracy, thereby posing greater security challenges for organizations.
- Regional Fraud Trends: It emphasizes that cybercriminals are utilizing the same technologies transforming digital commerce, necessitating organizations to prepare for future challenges by effectively distinguishing between legitimate users and malicious actors to ensure secure online interactions.
- Strengthened Cross-Industry Collaboration: LexisNexis underscores that organizations sharing risk intelligence are best positioned to protect consumers and build trust in the digital economy, highlighting the importance of cross-industry collaboration and global digital intelligence.
See More
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- E-commerce Fraud Attack Rates Skyrocket: E-commerce fraud attack rates have increased by 64% year-over-year, while account takeover attempts have surged by 216%, highlighting the intense focus of cybercriminals on online transactions globally, prompting businesses to bolster account security to mitigate potential losses.
See More
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- Unemployment and Public Debt Pressure: The unemployment rate has risen to 5.2%, an increase of about 331,000 year-over-year, while public debt stands at 92.9% of GDP, limiting the government's fiscal flexibility and indicating ongoing economic strain.
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See More
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- Flexible Solution Combinations: U.S. hospitals can select various identity verification components based on their risk requirements, ensuring that only verified users can access patient portals, which enhances the security and privacy of patient data.
- AI-Driven Verification Technology: Future integration will include LexisNexis® IDVerse®, an AI-powered identity verification solution capable of detecting deepfakes and forged documents, supporting a dynamic NIST IAL2-certified workflow that further enhances security.
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See More
