Almost a modern day parody of Henry Ford’s color palette for the Model T (“You can have any color as long as it’s black.”) Bloomberg is entering the legal marketplace with monochromatic contract as in, “You can have any contract you want as long as it’s Bloomberg’s standard contract.”
So what’s the Upside?
In exchange

Today, Bernstein Research. released a report: Reed Elsevier: Voices Calling for Asset Divestitures Should Grow Louder, and Perhaps Fall on Deaf Ears which includes some significant implications for the legal publishing marketplace. The report recommends that Reed Elsevier divest some units including LexisNexis and suggests by implication that Bloomberg Law is standing by and

Years ago I was introduced to the concept of the Virtuous Circle at a meeting with Brian Hall, the first post-Merger CEO of ThomsonWest. In Hall’s presentation, “The Virtuous Circle” was  all about  what I would call the “karma of client relations.”  Treating  your customers fairly  will create loyal customers who will spend ever more money