It was only a year ago that the US based Fastcase was merged with a European legal information and technology company vLex. In what I have to assume is a move to compete with Casetext and Lexis + AI, Harvey would be positioning itself to take on the Generative AI strategies of Thomson Reuters and Lexis Nexis. Both companies have anchored their AI products in their proprietary “trusted” legal content which dramatically reduces the risk of “hallucinated” answers. For obvious reasons, hallucinations are intolerable specters haunting the growth of GAI in the practice of law.

A reader tipped me off to the rumor that Harvey is seeking $600 million so that it can purchase vLex. Fastcase was founded by former big law attorneys Ed Walters and Phil Rosenthal in 1999. vLex was founded by attorney Luis Faus.

Harvey was founded by former big law attorney  Winston Weinberg, CEO, and Gabriel Pereyra, president, Harvey has a low media profile, The executives rarely give interviews, they didn’t exhibit at Legal Week tech conference in New York this year, their website is spectacularly understated. My colleague Bob Ambrogi has covered Harvey regularly on his website and earlier this month reported that the company was looking to acquire a legal research company.

Does this have a real potential for disruption of the Thomson Reuters/LexisNexis duopoly? Continue Reading Breaking Rumor: Harvey Seeking to Buy vLex? A Move for Global Dominance?

In late September Bloomberg Law announced several new research features which leverage artificial intelligence and machine learning technologies to accelerate case law research.  The The new “Points of Law”  feature allows attorneys to quickly find language critical to a court’s reasoning to support their legal arguments . This feature was immediately available to all current subscibers to Bloomberg Law at no additional cost.

The Bloomberg Law platform now features one million points of law and is updated throughout the day. “Points of law” results are generated by the application of machine learning to the Blaw database of 13 million published and unpublished state and federal court opinions. Researchers can either start  there research with a point of law or start with a keyword then sort by relevance or most cited.

Bloomberg Law Points of Law

This new feature was created is response to the market demand for workflow enhancing tools. “Points of law” research results highlight the relevant language in each opinion. The press release describes the benefit as “enabling attorneys to
Continue Reading Bloomberg Law Launches AI Enabled Research Features: Points of Law and Citation Maps