In February 2026, a single product announcement wiped approximately three hundred billion dollars off the combined market capitalization of Thomson Reuters, RELX (the parent company of LexisNexis), and LegalZoom — in under forty-eight hours. The investment bank Jefferies coined a phrase for the event: the SaaSpocalypse. The Catalyst of Change in Legal Technology What happened? Anthropic, one of the world's leading AI laboratories, launched a legal plugin directly inside its C