TRG Screen has released a powerful new enhancement to their Research Monitor product. The new Optimize Insights platform provides visual analytics for proactive management of digital resources. Law libraries were already reducing their print resources before the 2020 pandemic. The sudden and long term shift to remote work resulted in a dramatic conversion to digital resources. This means that a significant proportion of the resources budget has shifted to digital formats. What’s a law librarians to do? Research Monitor has always offered a significant suite of digital reports for computing utilization ROI. This is often translated as “cost per user” and “cost per session.” The Optimize platform is more flexible and intuitive and offers great “out of the box” graphics.
Optimize Insights sits at the heart of TRG Screen’s new Optimize platform, which launched in 2020.  Resource monitoring platforms are a “must have” for Library Directors and Knowledge Managers responsible for optimizing digital resource budgets. Instead of random

Continue Reading Power Tools for Budget Planning – TRG Releases Optimize Insights for Research Monitor

Today Wolters Kluwer Legal & Regulatory U.S.  is launching a powerful new tool for employment lawyers: the Labor Arbitrator and Awards Analyzer. The Analyzer is a research and data visualization tool  which delivers key insights on labor arbitrators and labor arbitration awards, trends, and outcomes. The tool is accessible from the Labor Arbitration section on VitalLaw.

The product enables lawyers to  locate arbitrators and awards  meeting specific criteria by leveraging the product’s  filtering, data visualization, and flexible reporting functionality. The Labor Arbitrator and Awards Analyzer gives users the power to mine and analyze 33,000+ labor arbitration awards and profiles to identify
Continue Reading Wolters Kluwer Launches Labor Arbitrator and Awards Analyzer on VItalLaw

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

Lexis is releasing a new Context product which they are referring to as Context Attorney Analytics.  I would describe the product as attorney insights.  Analytics are at work “under the hood,” but a lawyer will not see the  trend lines and charts of a traditional analytics tool.  When Daniel Lewis and Nik Reed  launched the

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

Today Lex Machina is launching an analytics module for one of one of the most important commercial litigation jurisdictions in the United States, the New York County Supreme Court. The new module will include 119,000 civil court cases filed after January 1, 2016. Subscribers will have access to over 600,00 full text pleadings and orders which have been downloaded into the module. Coverage includes both class action cases and “pre-RJI cases”  (cases that have not yet filed a request for judicial intervention). The  analytics data was extracted from both dockets and court filings.  New York County Supreme Court  data includes civil litigation involving torts, tax and commercial matters. New York is the 10th state court added to the Lex Machina suite of state coverage. Lex Machina  will release modules for the other four counties within the boundaries of New York City in the coming months.

Continue Reading Lex Machina Launches New York State Analytics Module –Webinar Today

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