Investors fear AI will undercut LexisNexis. The company says it's driving growth.

Sean Fitzpatrick, CEO of LexisNexis' global legal business, said the company's proprietary data "cannot be replicated."

John Carl D'Annibale /Albany Times Union via Getty Images

• Shares of LexisNexis's parent company Relx are down roughly 17% since the start of the year.
• A top exec told Business Insider that LexisNexis isn't doomed because AI model makers lack its proprietary data.
• Relx recently attributed growth in its law firm and corporate legal business to customers adopting its AI tools.