Lexis Practice Advisor

For years I have been heaping praise on Thomson Reuters for producing one of the first marketing pieces that took a crack at quantifying the time savings delivered by one of their workflow products.  The chart offers a simple comparison of several tasks and shows the time it takes to perform each task and with and without the use of the Practical Law Resources. See Illustration below.

It is probably five years since I saw that first chart and I recently began investigating whether Thomson Reuters has moved from producing a marketing piece to delivering a real tool that could actually help a customer determine or even estimate the time savings or efficiency delivered by Practical Law.   I am picking on Thomson Reuters but the truth is that none of the large legal information publishers ( LexisNexis, Wolters Kluwer or Bloomberg Law) which have enhanced their research products with workflow solutions are offering any resource to measuring the ROI of their products.  For
Continue Reading Your Workflow Product Costs Half a Million Dollars — Now How Do I Measure My ROI? Where is the Quickview and PowerInvoice for Practical Law and Lexis Practice Advisor?

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

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

Yesterday I highlighted the AALL Exhibit Hall Offerings of Thomson Reuters and Wolters Kluwer. Today I am highlighting the products, themes, giveaways and games of LexisNexis and Bloomberg Law/BloombergBNA which were provided by representatives of each company.

LexisNexis: “Harnessing Next Generation Technologies”

LexisNexis is excited to spend time with AALL members in Austin.  Readers of

As market power shifts from law firms to in-house counsel, Bloomberg Law has responded by bulking up the Corporate Practice Center with resources designed to address the special needs of Chief Legal Officers, Chief Compliance Officers and Chief Operating Officers.  Earlier this year Bloomberg Law relaunched the Corporate Practice Center with materials developed with extensive input from corporate counsel at major U.S. Companies. The Corporate Practice at Center  includes  practice pages covering: compliance, legal operations, corporate governance,  alternative business structures, litigation and corporate news. In addition an “In Focus, “hot topics” section offers deep coverage of special topics such as proxy regulation and FCPA.

Bloomberg and the Association for Corporate Counsel (ACC) also announced that they had entered a  strategic collaboration for Bloomberg Law to offer sponsored content, practice tools and editorial expertise to ACC members through professional enrichment, educational and development programs.


Continue Reading Bloomberg Law Relaunches Corporate Practice Center with In-House Counsel Focus: Compliance, Toolkits and Analytics

Yesterday LexisNexis announced their intent to acquire Intelligize — one of those start up gems that came late to the SEC research party and became the “belle of the ball.”  Well really, it was  completely different kind of SEC research product that  not only provided deep faceted searching of documents, but introduced powerful algorithms which produce unique insights into

I didn’t see this one coming. Morningstar has announced
that it is shutting down Morningstar Document Service on August 31st. In what
seems to me, an unprecedented move, Morningstar is encouraging their customers
to migrate to the Intelligize  securities
research product.  Did Morningstar  lose interest in the legal market? Had SEC
document research become too

Lawyers want one click solutions. The market demands workflow efficiency. Lexis Advance Practice Pages promise to deliver both.

LexisNexis recently released a series of 
new jurisdictional and practice area pages. Each of the major legal publishers is responding to the legal market demand for new products and platforms
which drive efficiency and streamline lawyer workflow. Unlike the Lexis Practice
Advisor

Today Bloomberg BNA is  announcing the launch of Bloomberg Law:
Corporate Transactions
, “a revolutionary new web-based product that
includes a patented technology-driven drafting workflow tool, analytics powered
by Bloomberg’s proprietary financial databases.”  Bloomberg provided me with an exclusive
preview.  The resource leverages and integrates the Bloomberg BNA  deal repository, news publications, primary
resources, secondary