LexisNexis has spent the past five years on a treasure hunt, acquiring some of the most innovative legal tech start-ups. My refrain in every post about these acquisitions has been – when and how will LexisNexis start integrating the key features of these products into their existing product lines. Today LexisNexis is announcing important enhancements to Lexis Practice Advisor leveraging their acquisition of Intelligize in September 2016. Additional enhancement to Lexis Practice Advisor include a new and more intuitive home page, enhanced navigation and post navigation filtering. The new Home page enables lawyers to begin their navigation by jurisdiction or topic.

New Lexis Practice Advisor Home Page

The new interface enables users to navigate content by practice area, content type or jurisdiction. In addition, content is organized along a task-based hierarchical tree, which allows users to either browse a comprehensive collection of practice area content or quickly drill down to find more nuanced, specific results.

LPA currently includes guidance such as practice notes, annotated forms, clauses and checklists across multiple practice Continue Reading LexisNexis Announces Lexis Practice Advisor Transactional Search Powered by Intelligize and Other LPA Enhancements

ALL President, Greg Lambert ( CKO, Jackson Walker) and Josh Becker, CEO, Lex Machina  and I will be speaking at an upcoming webcast panel sponsored by Lex Machina. We will exploring budgeting strategies, tools and techniques.

Date: Thursday October 5th, 12 pm (EST)/9 am PST.

Here is the program Description:

We all know how budgets are tight and budget season is a stressful time of the year. While you need to secure funding for for your existing products, you are expected to innovate and keep your firm ahead of your competition from a Knowledge Management perspective. New tools that help you to differentiate your firm include Legal Analytics, Machine Learning and other new legal technologies. But how can you convince your partners to provide the funding?

During this 30-minute webcast our speakers will reveal their budgeting approaches and techniques. Get answers to questions such as:

♦ How do you negotiate a successful 2018 budget?
♦ How can you measure the value of technology?
♦ How do you convince your partners to give you the funding?

Register Here.

I was beginning to wonder if Wolters Kluwer Law & Regulatory was planning taking a rest from their aggressive schedule of innovation. Well I was wrong, I just learned that WK is preparing to introduce predictive analytics for federal legislation in their Federal Knowledge Center. The legislative analytics will be powered by artificial intelligence (AI) tools developed in collaboration with Skopos Labs Inc., a software company specializing in predictive analytics.

Since the beginning of 2017 Wolters Kluwer has announced a dizzying variety of enhancements, alliances and products including a  Smart tasks for corporate know how, The Federal Legislative Knowledge Center, A new cybersecurity product and alliance with KTMine to offer IP analytics and a partnership with KMStandards to launch an AI workflow tool for M&A clause analytics.

The Federal Developments Knowledge Center  was designed by Wolters Kluwer to serve as a comprehensive tool to provide lawyers with deeper insights into proposed legislation and regulation. Features include: smart charts, breaking news, primary source documnts, and impact analysis on executive orders, regulations and legislation.

Since statutes and regulations have always been the backbone of Wolters Kluwers suite of products, the application of predictive analytics to this core strength is a logical product trajectory.

Predictive AI for Legislation The AI enhancements will enable lawyers to quickly assess proposed legislation, and predict its likelihood of passage in the chamber of the Congress in which it presently resides, as well as its likelihood of ultimate enactment ( passage by both chambers and the signature of the President. ­)

The analytics, which will be available this fall within Federal Developments Knowledge Center have been developed using natural language processing of the legal text and computational assessment of hundreds of external positive and negative factors that affect a particular bill. The tool also provides background on a bill’s relationship to similar legislation and relevant sections of the Code of Laws of the United States.

Analytics as Differentiator

Analytics offerings are becoming a “must have” enhancement for  legal research products. “Analytics competency ” is also becoming a differentiator for lawyers and law firm in the business and practice of law.  I look forward to learning more about this innovative new predictive analytics  product from Wolters Kluwer and Skopos Labs.

 

 

 

 

 

Here is a rundown of the articles in the most recent issue of Thomson Reuters Practice Innovations.

Strategic Content Management, or How to Stop Being a Gatekeeper

By Elaine Egan, Director, Global Libraries & Information Services, Cleary Gottlieb Steen & Hamilton LLP, New York, NY and Kathy Skinner, Director of Research & Information Services, White & Case LLP, Palo Alto, CA

Retaining and Growing Clients – What’s Next? by Silvia Coulter, Principal, LawVision Group, Manchester, MA

Tactics for Strategic Partnerships and Building Institutional Knowledge Interview

by Elaine Egan, Director, Global Libraries & Information Services, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, with Marlene C. Gebauer, Director of Knowledge Solutions, Greenberg Traurig, and Chris Laut, Director of Law Libraries and Knowledge Services, Liberty Mutual Insurance

 Learn Your Firm’s Secrets: Conduct Exit Interviews

By Sharon Abrahams, National Director of Professional \Development/Diversity and Inclusion, Foley & Lardner LLP, Miami, FL

 Can An Attorney Be Replaced by a Machine?

By Don Philmlee, Legal Technology Consultant, Washington, DC.

Outsourcing Trends in Business Development

By Bradley Christmas, Managing Director, NSource, Chicago, Il.

Shortly after launching their Commercial Law Analytics product in June of this year , Lex Machina released their first Commercial Litigation Report which traces the trends in commercial litigation in federal courts since 2009.

Since Lex Machina introduced their initial product which analyzed patent litigation, all of Lex Machina’s modules have relied on the “nature of suit” NOS codes in Pacer to identify relevant cases. As Pacer researchers know – there is no NOS code for commercial law cases and they are mixed in a catch all code 190 for “other contract” cases.

Commercial Law analytics posed special challenges. Lex Machina had to develop their own parameters for defining commercial law. That definition identifies litigation between 2 business entities involving breach of contract or business tort. They used a combination of human and machine screening to identify over 63,000 cases filed in federal courts since 2009 which meet their criteria. Lex Machina has a team of attorney analytics who review documents such as damage awards which require interpretation.

 

Key Trends

  • Since 2009 there has been a steady decline in commercial cases files each year which Lex Machina interprets as tracking with recovery from the recession.
  • Most of cases involve breach of contract (44%) or cases which combine breach of contract and business tort.
  • 20% of commercial cases also involve an IP claim.
  • The Northern District of California with (4,257) cases beats our other commercial centers Southern District of New York (3,855) , Northern District of Illinois (2,546), and the District of New Jersey (2,438).
  • The decline in litigation has occurred across all of the top districts.
  • The FDIC is the leading plaintiff or defendant.
  • Retailers (Amazon, Ross, Home Depot) are the among the leading defendants
  • Greenberg Traurig is the top law firm representing both plaintiffs (333) and defendants (401).
  • DLA Piper is the top firm representing defendants with 299 cases.
  • $6.5 billion in contract damages was awareded during the period covered.
  • Half of commercial damages were awarded on default judgment.

 

The full report is available for free from Lex Machina at this link.

 

Starting this fall, information professionals will have a new and unique opportunity prepare for leadership roles in libraries and knowledge-centric organizations– such as law firms. St. John’s University’s Division of Library and Information Science is accepting applications for a new online program for  an Advanced Certificate in Management for Information Professionals. Information about enrollment is available here.

Full disclosure. I received my M. L. S. from St. John’s and I was part of a alumni, law librarian advisory group which provided feedback to the  Program Director, Professor James Vorbach, and Prof. Rajesh Singh on the development of this program. Alirio Gomez, a thought leader in the New York legal KM community is slated to teach a Knowledge Management Course in the Spring of 2018.

I remain bullish on the market  for information professionals. While print libraries may be shrinking, the demand for knowledge and insights continues to grow. Organizations need leaders with both content and workflow expertise to develop organizational knowledge strategies as well as to investigate, vet and deploy emerging technologies and data sources across organizations. Many information leaders evolve into their roles through ad hoc,  “on the job,” self-training experiences. The St. John’s certificate program offers a structured learning alternative which will allow aspiring knowledge/information leaders to be taught by  a faculty including seasoned library  information professionals.

Professor Singh provided responses to my questions about the CIMP

What factors led to the development of this certificate?

A combination of factors prompted the development of this certificate, including changing trends in the job market, rising demands for management education and training for information professionals, and recommendations resulting from consultation with the DLIS Law Librarianship Council and Advisory Board in 2015.

Can you tell me anything about the instructors? Experience? backgrounds? Will any of your instructors have experience in law firms?

The instructors’ backgrounds in academia and industry will serve students well in exposing them to a unique blend of theory and practice. The instructors have experience in a number of organizations including corporate, business, law, public service, and higher education.

Is this the first program of its kind in the US?

The following distinctive features of this program make it unique in the U.S.:

  • It is the only program for mid-level information professionals.
  • This program provides training in knowledge management and project management, unlike other programs.
  • It is the only program that includes a Project Leadership Capstone course at the end of the program.
  • It is the only completely online certificate program, which provides participants with the flexibility to complete it at any time, in any location, at their own pace.

Will this certificate be appropriate for the many librarians who have moved into non-traditional “knowledge worker” roles in organizations?  E.g. Knowledge Management, Business Intelligence, Competitive Intelligence, Records Management?

Due to our emphasis on education and training in knowledge management and project management, this program will also be immensely beneficial for those participants who function as “knowledge workers” in a wide variety of non-traditional positions, including those in corporate, business, and legal organizations.

Would this program benefit librarians who have been out of the workforce and want to prepare for reentry?

As this program can be completed as a stand-alone program with prior MLIS education and experience, it would be an ideal opportunity for those librarians who want to update their education and skills in order to prepare themselves for their reentry in the evolving workforce. This program will provide training and development of skills such as preparing a strategic plan, marketing plan, knowledge management action plan, and project charter. The skillset they end up with will help to set them apart in a competitive job market.

Are there core offerings and electives or does the program require a specific set of classes?

This program requires the completion of the following five courses:

  • LIS 240: Management of Information Organizations
  • LIS 282: Knowledge Management in Information Organizations
  • LIS 262: Project Management in Information Organizations
  • LIS 263: Marketing and Advocacy in Information Organizations
  • LIS 264: Project Leadership Capstone

How long will it normally take someone to complete the program?

This program can be completed in one to five years.

 

Today Bloomberg Law is announcing the release of its 15th practice center which is focused on E-Discovery. Bloomberg is  moving rapidly to consolidate existing BNA news, practice  and analytical resources as well as creating new content to enhance attorneys workflow efficiency. The Bloomberg Law Practice Centers are designed to compete directly with competitors in this space: Thomson Reuters Practical Law and Lexis Practice Advisor.

Bloomberg Law E Discovery Practice Center

The E Discovery Practice Center offers a comprehensive solution that integrates news, primary sources including both published and unpublished state and federal court opinions, tools, sample forms, and expert guidance.  The press release indicates that this is the only resource of its kind available on an integrated legal research and business intelligence platform. The E-Discovery Practice Center will be available to all Bloomberg Law subscribers at no additional cost.

 

The practice center’s home page features high value content including a curated collection of fully searchable state and federal court opinions, state-specific discovery guidance and rules, and BNA’s E-Discovery Portfolio series.  I don’t recall seeing a collection of state ediscovery rules in any other product. Since ediscovery touches on a wide range of complex issues, the E-Discovery Center links to other BloombergBNA materials in related disciplines. Including: cross-border data transfers, government and internal investigations, and data and privacy security.  Continue Reading Bloomberg Law Launches 15th Practice Center: E-Discovery

This morning I talked with Andrew Martens, Global Head of Product and US Editorial, at Thomson Reuters who advised me that the company had discovered and corrected a data error in their Litigation analytics  in the Monitor Suite platform which impacted dated between mid-April and July 2017.

What products were affected? Litigation Monitor data in the Monitor Suite platform.

What content was affected? Federal district court data only. Other federal and state court data was not impacted? According to Martens the impacted date represents less than 1.4 percent of their district court docket archive.

What products were not impacted? Thomson Reuters also provides docket data on the Westlaw platform through Courtwire. This is a separate docket datastream and it was not impacted. “State dockets, all state and federal opinions, as well as all intellectual property and deals content were not impacted. Dockets on Westlaw were not affected and were current at all times.”

Help Is Available. In addition to offering an apology, Thomson Reuters is offering some support.

“We are happy to help rerun or supplement your Monitor Suite reports. Please contact your Business Development Consultant at (877) 347-6360 or our Reference Attorneys at (800) 733-2889 if you would like assistance.”

The problem of Multiple Data Streams – Thomson Reuters is Not Alone Getting Burned by the management of multiple data streams. Earlier this year LexisNexis was sued when a customer found errors in a paper back code volume. I also asked at that time why LexisNexis would not have a single stream of statutory and regulatory changes feeding into all of their products.

Is there any risk for law firms? Generally this type of litigation analytics is used for pitches and not for client support activities. It is not impossible that the data could have been used in some client support context, e.g. litigation strategy. In this case, TR benefits from not having rolled their analytics into their main Westlaw product  as competitors Bloomberg Law and Lexis Nexis have. Since the Monitor Suite is normally used by research and competitive intelligence specialists – it will be easier to review any use of the data during the April to July period to determine if reports need to be rerun. Firms which have a resources monitoring system such as Research Monitor or Onelog will find it every easy to identify users and usage during the impacted period.

Here is the letter that TR is sending to their customers: Continue Reading Breaking News on Bad Data: Thomson Reuters Discovers Data Error in Their Monitor Suite Litigation Analytics

Wolters Kluwer Legal & Regulatory U.S. continues to release new products and features with astonishing regularity.

M&A Clause Analytics Home Page

On July 24th, they released M&A Clause Analytics, a new workflow tool which combines machine learning and human expert curation to streamline the M&A drafting process. The product is designed to help lawyers quickly locate the best model documents and clauses. Wolters Kluwer Partnered with Kingsly Martin of KM Standards to develop a statistical analysis of 17000 documents from WK’s RB Source database of SEC Filings. According to the press release the product is designed in response to a legal market focused on enhancing “quality, efficiency, and ease of preparing merger and acquisition agreements.” M&A Analytics which covers 13 document types. will be a central component of the Transactional Law Suite for Securities.

Continue Reading Wolters Kluwer Partners with KM Standards and Launches AI Workflow Tool: M&A Clause Analytics

 

The recent AALL Annual Conference in Austin was “hands down,”  the most exciting AALL Program I have ever attended. The programs were great – it was often hard to decide which panel to attend. I found my own panels  (Moneyball Analytics and Hits and Misses in New Products) up against programs that I hated to miss (the Innovation Tournament and an “all star”  CEO panel ( Fastcase – Walters, Casetext – Heller, Ross – Aruda,  Ravel – Lewis ) on AI and analytics prodded and provoked  by moderator Prof, Susan Nevelow Mart.

Legal Bloggers O’Keefe and Ambrogi Join Me in The AALL Exhibit Hall

Legal Tech thought leaders Bob Ambrogi and Kevin O’Keefe were a familiar sight at the panets, events, exhibits (and the nightly Fastcase after party). Earlier this week Ambrogi lauded AALL as one of the best conferences for those interested in legal tech. Is the market finally getting what information professionals have known all along? The legal profession requires content experts to navigate the burgeoning market of AI and analytics offerings. AALL: The Other Legal Tech Conference

 

The Second Oldest Legal Profession I spent time in the exhibit hall with Lexblog’s Kevin O’Keefe who commented on  the quality and variety of  panels and programs at the conference.

O’Keefe was surprised to learn that AALL had been around since 1906. In fact, in the legal community,  only the American Bar Association has an earlier founding …1878. AALL predates every other law related association by decades. It was 65 years before the Association of Legal Administrators was founded in 1971, 74 years before ILTA was founded in 1980, 79 years before the Legal Marketing Association was founded in 1985.

O’Keefe also commented on the importance of information professionals by comparison to other law firm administrative functions. “Lawyers could still practice law without technology, or marketing or administrative help, but legal information always was and remains core to the practice of law.”

O’Keefe has a point which goes beyond the core practice of law. Law firms have become complex, regional, national and multi-national organizations. Business intelligence and legal knowledge has never been more critical to the current high stakes competitive market, no one else in the firm is better qualified to assess the potential value of research products offering AI and analytics… and yet…information professionals occupy relatively few seats in the legal C-Suite compared to the technologists and marketing professionals. The person who understand the quality of information should be at the table and not down the organization chart out of ear shot.

But this may be about to change… Continue Reading The Second Oldest Legal Profession: Law Librarians: The Analytics and Algorithms of Change in the Legal C-Suite