LexisNexis® Legal & Professional is  announcing new document analysis tools  for transactional lawyers. space. The feature which is called “Agreement Analysis,” will streamline the manual tasks that accompany researching, negotiating, and finalizing transactional agreements.  The product currently supports M&A transactions, including merger, stock purchase and asset purchase agreements, with more transactions coming in future releases.

Agreement Analysis uses AI to extract and recommend alternate clause language from seven million clauses publicly filed in SEC EDGAR documents, and from Practical Guidance sample clauses, templates and agreements. The feature allows a lawyer to drag and drop their document into the Agreement Analysis tool. The tools focuses on “highly negotiated clauses” and quickly compares and offers alternate language for clauses in their document. Lawyers have direct access to the drafting guidance and insights from  Lexis Practical Guidance and benchmarking data points from their Market Standards tool.

Lexis Nexis Agreement Analysis Dashboard

Continue Reading LexisNexis Adds Extractive AI Deal Analysis Tool to Lexis+

As fall associates settle into the reality of legal practice, I am taking the opportunity to share a variety of research “best practices.” These rules can be applied across all environments: law firm, corporate, public service and government. New associates are facing the messy reality of needing to harness legal and factual issues that need

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?