There is no question that the most exciting place at AALL is the Exhibit Hall. Connect with old friends, schmooze with vendors, learn about exciting new features and products. 2022 is the first live, post pandemic AALL conference. I am anticipating that a highly energized crowd will be streaming through the exhibit hall. I
Today Fastcase and Matterhorn Transactions are announcing an alliance that will make M&A deal data and analytics available in Fastcase’s legal news platform. Law Street Media. The deal terms and data will be added to its existing litigation-focused coverage of technology, agriculture, and health law.
According to the press release: “Matterhorn proprietary data analysis provides legal professionals with unparalleled capabilities to search for and compare the market terms of mergers and acquisitions, capital markets, and other transactions. The company provides transactional attorneys both
consolidated information on market terms as well as detailed legal language used for specific deal provisions, based on underlying legal agreements and financial disclosures. Matterhorn enables its clients to know precisely the frequency, form, and language of transaction terms and provisions by tying each deal term to the actual documentation.”
It is axiomatic that lawyers and law firms are hungry for data and analysis- so this is a smart alliance. I am not personally familiar with the Matterhorn product. But the description above sounds similar to the content available in Lexis Intelligize, Thomson Reuters “Westlaw Business” (formerly GSI) and Bloomberg Law. I have no doubt some brilliant research librarian will undertake an analysis of each platform to tease apart the unique and common content and features across these platforms.
The integration of analytics with news has been a growing trend for the past two years. In addition to Fastcase— American Lawyer Media, Lexis Law360 and Bloomberg have all been pushing data into their news offerings.
Growth without Greed I am an agnostic on how these products compare at this point. Everyone is welcome to the join the analytics party – legal consumers win as the quality and scope of products expand. But I do have to cheer for the addition of sophisticated M&A data to products available through Fastcase – which has taken a unique “growth without greed” approach to transforming the legal …
Continue Reading Matterhorn Deal Data Available In Fastcase Law Street Media News Platform
Two months ago, Lex Machina launched an analytics module for the New York County Supreme Court, one of the most important commercial litigation jurisdictions in the United States.
Today Lex Machina is announcing the completion of coverage for all five New York City counties (contiguous with the 5 New York City Boroughs).
- New York County Supreme Court (Manhattan) released on September 29th
- Kings County Supreme Court (Brooklyn) released on October 27th
- Queens County Supreme Court (Queens) released on November 24th
- Richmond County Supreme Court (Staten Island) released on December 8th
- Bronx Supreme Court (the Bronx) released on December 8th
All of the New York City county courts handle civil litigation involving contracts, torts, tax, and commercial matters. Legal Analytics are …
Continue Reading Lex Machina Expands Analytics to Cover All New York City Counties
This week LexisNexis announced the launch of Survey of Commercial Lease Terms in Practical Guidance — a unique analytics resource for real estate practitioners. In October I covered the launch of Practical Guidance Market Standards for M & A.
Daniel Lewis, VP and GM of Practical Guidance and Analytic at LexisNexis provided me with a preview of the Survey of Commercial Lease Terms. Legal analytics products are generally built on top of publicly available datasets. Lewis described the new product which
includes data from private deals as built on a “give to get” model. Large, medium and small law firms have contributed data about the commercial leases they have worked on in order to get access to the data set and reports. Unlike other products the data is anonymized. …
Continue Reading LexisNexis Releases Commercial Lease Analytics Product and COVID-19 Real Estate Impact Report
Gentle readers— in a distant era (January) when no one was thinking about facemasks and hand sanitizer, I posted the annual Dewey B Strategic Hits and Misses Survey. In an attempt to “carry on” as if everything were normal, today I am reporting on the survey results.Thanks to the 87 readers who responded to the survey between January and March 15th. Compared to 2018, 2019 was a fairly slow year for the launch of new products and features. As a result this years survey has fewer questions and fewer categories of new products. But this year the survey covered new analytics tools, analytics documentation, workflow tools, law comparison tools. The survey also asked …
Continue Reading Hits and Misses Readers Choose Best New Analytics, Workflow and Law/Reg Comparison Tools
Lexis and Westlaw laid the foundations for today’s online research market in the 1970’s and 1980’s. Their dominance in the legal research arena was challenged on two fronts in the 2010’s. First they were challenged by the emergence of two full service competitors: Bloomberg Law and Fastcase. More surprising was the disruptive impact of the disgruntled, entrepreneur lawyers with a good idea and some venture capital who invented some completely new ways of approaching research and delivering insights..
Spinning Analytics Gold From Dockets. Lexis and WESTLAW were in the docket business for decades but it Lex Machina (now owned by Lexis Nexis) which invented a way for lawyers to use analytics for pitches and litigation strategy.
Lex Machina took the most mundane of legal data sets– docket entries and spun it into a goldmine of legal insights. Lex Machina started as a public interest project at Stamford Law school in 2006. The product leverages machine learning and natural language processing, to normalize, structure, and analyze raw data from millions of case dockets …
Continue Reading Analytics, AI and Insights: 5 Innovations that Redefined Legal Research
Legal Analytics is changing the practice and business of law. LexisNexis has released its third annual survey. Bringing Analytics into Focus suggests that firms have reached a tipping point in embracing analytics in the business and practice of law with 90% of users reporting that analytics makes them more efficient and more effective. Here is a link to the full press release.
Survey Demographics 77% of the firms listed are listed in the Am Law …
Continue Reading LexisNexis ALM Study Measures Growth and Resistance to Analytics in the Practice and Business of Law
Lex Machina is celebrating its 10th anniversary with the launch of new state court analytics modules offering data on more than 870,000 cases. The new modules cover Los Angeles County California (615,000 cases) and Harris District and County court in Texas (combined 255,000 cases). The developers have maintained the look and feel of the Lex Machina federal modules and offer analytics insights into judges, courts, law firms and individual attorneys. The data covers four years of court data starting with January 1, 2016.
The Lex Machina state court features:
● Searching by judge, law firm, attorney name or party
● Timing analytics, trial resolutions, trial damages and trial rulings
● Keyword searching within docket entry text and downloaded documents
● Viewing analytics across all state courts or in one particular court
● Court-specific filters, such as case types and case tags
Building a state analytics product is Hard. The market has been impatient for state analytics – but I understand the hold up. Pacer data which underpins all of the federal analytics products is relatively “clean” and consistent compared to state court data. Even within a single state, each court can vary in the types of data it collects or the types of documents it makes available online. I spoke with Carla Rydholm, Director of Product Management to get a better …
Continue Reading Lex Machina launches State Court Analytics for California and Texas Counties – Launch Event at Legal Tech