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

The 2007 recession was sort of a “cattle prod” which shocked law firms into acknowledging that  clients won’t pay for inefficiency. Legal publishers responded with a variety of “know how” or KM tools  which have created  a highly competitive niche in legal publishing. Every major legal publisher LexisNexis ,Thompson Reuters, Bloomberg Law, and Wolters Kluwer have been focused on gaining market share by growing their practice guidance and drafting tools.
This week FEIT Consulting is releasing a study :”Findings from the LexisNexis Practical Guidance/Thomson Reuters Practical Law Focus Group Inquiry” which summarizes the results of four focus groups which pitted Thompson Reuters Practical Law against Lexis Practical Guidance (previously branded as Practice Advisor.)
The basic question : “Is Lexis practice guidance ready for prime time?”  appears to have been answered in the affirmative.
Well the librarians are a hardened and skeptical lot and will want to test, poke, probe and conduct their own internal focus groups before


Continue Reading Feit Consulting: Is Lexis Practical Guidance Ready for Prime Time?

The 2020-21 Dewey B Strategic What’s Hot and What’s Not Survey  included a series of questions related to the COVID-19 Crisis.

COVID Resources Every legal  publisher launched some kind of COVID related legal resource. Many of these resources were made publicly available outside the paywall. These products included toolkits, trackers,  practical guidance, advisories, checklists, legislative

Workflow Tools. 2020 was marked by significant activity in the  legal workflow/drafting space.  There were eight products that came to my attention during 2020. Three of the eight workflow products fall into the Brief analysis category.   Casetext invented the brief analysis space with the launch of the first brief analysis product CARA in 2016.  So

Legal News One of the most surprising developments of 2020 was the new focus on Legal News. ALM launched an innovative new alerting services called Law.com Radar which originally launched as (Legal Radar). Here are links to the posts I wrote about  Law.com radar in February and November 2020. Westlaw although owned by the Thomson Reuters news organization had ignored the legal news market they launched Westlaw Today in 2020.  (The predecessor company West Publishing had made short lived attempt  with a product called Westlaw News sometime in the 1980s.) Fastcase which bought Law Street Media began publishing legal news which leveraged data harvested from their Docket Alarm analytics product. ( A new Lexis News offering Law360 Pulse which launched  in January 2021 was not included in this survey but will be included in the 2021 survey.)

Best Legal News Product: ALM’s Law.com Radar

Legal Marketplaces It has become nearly impossible to test and track all the new legal technology tools that flood the market each year. In addition, existing tools are transformed with powerful new functionality. Enter the legal marketplace – a new category of legal resource
Continue Reading What’s Hot and What’s Not 2020-21 Survey: ALM Law.com Radar Voted Best Legal News Product and Thomson Reuters Legal Home Best Marketplace

Today Bloomberg Law is launching enhancements to their Draft Analyzer tool which streamlines the  M&A drafting process. The Draft Analyzer was launched in 2015  as a “what’s market” tool which I reviewed in an earlier post.  The Draft Analyzer streamlines transactional workflow by leveraging a proprietary algorithm to benchmark a clause  to similar provisions

We were all blindsided as 2020 unfolded, yet the momentum of technological change and innovation assured a steady stream of new products. I have identified five trends, which I have divided into three categories: unforeseeable, continuing and surprising.

The trends I believe are worth noting — Unforeseeable: COVID-19 impacts; Predicable: state court analytics and innovative workflow tools; Surprising: legal news re-emerges as a competitive focus among major legal publishers and tech marketplaces emerge.

Unforeseeable: COVID-Related Trends

COVID alone triggered four subtrends:

  • The emergence of local law and ephemeral publications. Major legal vendors were no more prepared to track county level health department issuances and Governors’ executive orders than the average law firm. To make things worse these “documents” were issued in a myriad of social media formats, texts, tweets, Facebook pages … . What’s a law firm to do?
  • Librarians and KM professionals stepped into the vacuum and established protocols for locating and harnessing the untidy universe of COVID-19 ephemera.
  • Law firms became publishers of original COVID-19 resources (leveraging the local documents harnessed by librarians).
  • Legal publishers turned out an unprecedented number of free legal resources covering COVID-19 issues. I covered this trend in an earlier ATL post.

Continuing Trends: State Court Analytics And Workflow Tools

Workflow Tools

Continue Reading 5 (Unforeseeable, Predicable, And Surprising) Legal Tech Trends In 2020

On February  25th they are launching an exciting new legal news service  Legal  Radar which I believe  his targeted to deflate the aggressive growth and pricing of its main competitor Law360.

American Lawyer Media’s flagship publication, American Lawyer has been credited with inventing the legal news market in the 1980s.  ALM  has been exploring ways to reinvent  how lawyers consume legal news for several  years.  The relaunch of Law.com brought content from all 19 ALM legal publications together in a unified platform. The old legal intelligence platform was relaunched as Legal Compass. On Tuesday they will launch an AI enabled streaming news service for lawyers.

Legal Radar delivers a clean customizable stream of breaking legal news and competitive insights. Lawyers can track companies, industries, law firms as well as litigation. Legal Radar offers breaking litigation news within minutes of a filing.  When cases are reported documents such as complaints and opinions are attached to the story. I found  Legal Radar to be  visually “addicting” like an endless Facebook stream. It was hard to stop scrolling!  Like its competitor
Continue Reading ALM Launching Legal Radar — Law360 Prepare For Incoming!