After the Claude Crash — What Agentic Tools Mean for Legal Research Vendors and Texas Lawyers
On Feb. 3, a lot of legal and data folks discovered they suddenly cared about stock tickers. Anthropic announced legal plug-ins for its agentic platform, Claude Cowork, and within 48 hours investors shaved tens of billions off the market caps of Thomson Reuters (Westlaw/CoCounsel), RELX (LexisNexis) and Wolters Kluwer. Headlines framed it as AI killing legal software. Social channels called it the “Claude Crash” and the “SaaSpocalypse.” If you work in a Texas law firm or legal department, it felt like watching a tornado touch down a few miles over — not on your roof yet, but close enough to change your weekend plans.
Let’s separate the market drama from the operating reality.